Stepping up the service business
In the coming years, we plan to further boost the share of our activities accounted for by the service business in the Group as a whole. Services provide secure income on an ongoing basis for the long term and are less affected by cyclical fluctuations than the traditional construction business. In particular, we emphasize sophisticated facility and energy management services in which we assume major responsibilities, allowing our clients to focus on their core business. We will expand our capabilities in the industrial sector.The service business is growing at Leighton as well in areas such as recycling services.
Systematic leveraging of Group synergies
We develop new potential for our business from the cross-selling effects resulting from cooperation between closely linked HOCHTIEF companies.In the PPP segment in particular, cooperative projects provide one-stop shopping for planning, financing, construction and operation services. In the future, we plan to further reinforce and expand cooperation within the Group, particularly in the USA, where our subsidiaries Turner, Flatiron and HOCHTIEF PPP Solutions together service the market.
In the strategically important HOCHTIEF airport business segment, we offer complete life cycle management from the master plan through financing and construction to operation and management.
Our life cycle approach enables us to develop solutions to address megatrends such as demographic developments and climate change. We accomplish this by providing varied service packages to suit a wide variety of environments and situations. Urban district development for which HOCHTIEF can offer complete services from planning and financing to administrative and related services are an example of this.
Positioning as an attractive employer
Our human resources management efforts aim to ensure that well-qualified employees are available to the company in every area – today as well as in the future. For this reason, recruiting and retaining employees and staff development are top-level priorities throughout the HOCHTIEF Group. We continually work on maintaining our healthy corporate culture and the reputation of our Group.Overcoming challenges in the crisis
Our strategy has allowed us to move into a robust position for overcoming challenges, even in the current crisis.On the one hand, the company's business thrust is not based on one particular product or service, but instead on a varied portfolio. By covering the entire construction value chain and tightly networking our services, we benefit in all areas of our business involving infrastructure projects, real estate and facilities.
On the other hand, our high degree of internationalization – the highest in the industry – contributes to our broad business base and enables us to compensate for economic fluctuation in individual regions.
In the future, we will continue to pursue our successful strategy and are determined to systematically harness the opportunities arising from the crisis for HOCHTIEF as a construction services provider, such as those stemming from national economic stimulus packages.
