HOCHTIEF Half-Year Report January to June 2014

HOCHTIEF
  • Improving cash flow trend
    • Working capital outflow meaningfully reduced by EUR 340 million
    • Substantial operating Capex reduction of EUR 255 million
  • Positive development in operational earnings in all divisions
    • EBT: EUR 296 million; up 11%
      vs. EUR 267 million in H1/2013
    • Operational net profit: EUR 116 million; up 38%
      vs. EUR 84 million
  • Reported net profit EUR 100.5 million
    • vs. EUR 126 million in H1 2013 (EUR 84 million
      plus EUR 42 million one-off effects)
  • Net debt EUR 400 million down year on year
  • New orders up 5% (like-for-like)
    • Stable order backlog at around EUR 40 billion
  • Realignment of Leighton proceeding to plan
  • Guidance 2014 reaffirmed