HOCHTIEF Quarterly Report January to March 2014

HOCHTIEF
  • Improving cash flow trend
    • Improved trend in cash flow from operations and free cashflow
    • Seasonal working capital outflow reduced
  • Solid growth in Group operating results
    • EBT: EUR 134.0 m; +17.3% (vs EUR 114.2 m Q1 2013)
    • Net profit: EUR 53.3 m; +22.7% (vs EUR 43.4m)
    • EPS: EUR 0.77; +30.5% (vs EUR 0.59)
    • Improved results in all operational units
  • Net debt down EUR 1.4bn year-on-year
  • Strong growth in new orders
    • New orders +18.7% vs Q1 2013 (like-for-like)
    • Stable order backlog of EUR 40 bn
  • Further progress in strategic reorganization during Q1
  • FY 2014 operational guidance remains unchanged