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20.05.2019 (3046 Clicks)

Fugro supports two Ocean Mapping Initiatives with large Crowd sourced bathymetry Contribution

Fugro recently contributed more than 110,000 square kilometres of high-resolution bathymetry data in the North Atlantic Ocean to help improve the quality and coverage of seabed mapping in the region.

18.05.2019 (3137 Clicks)

SMT Scharf continues on Growth Trend in Q1 2019

18.05.2019 (3204 Clicks)

bauma 2019: Successful Home Match for Rema Tip Top

Rema Tip Top draws a positive conclusion | Strong interest among visitors in trade fair and in-house exhibition | Megatrend digitalisation | “Industrial Solutions“ along the entire value chain

14.05.2019 (2816 Clicks)

SNC-Lavalin awarded Engineering Design Sub-contract for Scarborough Floating Production Unit in Australia

SNC-Lavalin (TSX:SNC) announced that it has signed two sub-contracts to support the development of the floating production unit on the proposed Scarborough gas field development project in Western Australia.

14.05.2019 (3048 Clicks)

ICE President visited North East Project Woodsmith Mine in the United Kingdom

Andrew Wyllie visited a polyhalite mine as part of his tour of the region. ICE President Andrew Wyllie has described the Sirius Minerals polyhalite mine as a “fantastic example of UK engineering at its best”.

14.05.2019 (3291 Clicks)

Salini Impregilo to build high-speed “Orient Express” Railway in Turkey

Salini Impregilo has won a €530-million contract to build a 153-kilometre section of a new “Orient Express” high-speed railway in Turkey between Istanbul and the border with Bulgaria.

14.05.2019 (2622 Clicks)

QRC welcomes Gold Mine Expansion in North Queensland

The Queensland Resources Council has welcomed the State Government's decision to grant Resolute Mining nine new mining leases as part of a $150 million project to extend the life of its Ravenswood gold mine operations in north Queensland.

11.05.2019 (2988 Clicks)

Thyssenkrupp announces fundamental strategic Realignment

10.05.2019 (3294 Clicks)

A14 Project Team begins Testing self-driving Trucks for first Time in England

Highways England has revealed that self-driving trucks are being tested on the UK’s biggest road upgrade, the A14 improvement scheme between Cambridge and Huntingdon, which is being delivered by a joint venture comprising Costain, Balfour Beatty and Skanska.

09.05.2019 (3487 Clicks)

Hochtief-AGM: Strong Profit and Dividend

Hochtief CEO Marcelino Fernández Verdes sees the Group strategically well positioned for the long term and expects further profit growth in 2019. “We have a robust balance sheet, a balanced business profile and a solid presence in our core markets. Combined with our engineering and technical expertise this will enable us to take advantage of future opportunities. We continue to deploy our capital in a disciplined manner and focus on value creation which allows us to attractively remunerate our shareholders in a sustainable manner,” Fernández Verdes said at the Annual General Meeting in Essen.

With a robust order backlog level and an identified tender pipeline of around EUR 600 billion in the group’s core markets of North America, Asia-Pacific and Europe, the CEO described Hochtief’s future outlook as very positive and added that: “The digital transformation we initiated in 2018, will allow us to further strengthen the group’s leading competitive position in our key markets.”

Last year, Hochtief generated increased profits and strong cash flow. In 2018, operational net profit was at the top end of the guidance range, at EUR 521 million, +15% year on year. For 2019, the Group expects further growth with operational net profit of EUR 640–680 million.

In 2018 the Group invested EUR 1.4 billion to acquire a 20% stake in the leading toll road operator, Abertis, which has a strong position in France, Spain, Chile and Brazil. This strategic investment together with Atlantia and ACS will significantly increase the level of profit and cash flow and, at the same time, enhance our earnings visibility.

Since 2012, the compound annual dividend per share growth rate is 38%. As a consequence of the sustainable strength of the balance sheet and the further increased earnings visibility that results from the investment in Abertis, the dividend payout ratio is to increase from 50% to 65% of nominal net profit. Reflecting this and the Group’s strong profit development, the Annual General Meeting votes on a proposed increase of the dividend for 2018 by 47% to EUR 4.98 per share.

Hochtief is systematically pursuing the opportunities arising from digitalization. As highlighted last year, Nexplore has been set up as a digital innovation hub. Nexplore will support in transitioning to an enhanced digital future for our infrastructure activities.

Nexplore is establishing innovation centers in Essen, Frankfurt/Darmstadt, Minneapolis, Sydney and Madrid. The company will cooperate closely with the world’s leading universities and IT companies. A key partnership with the MIT-IBM Watson Artificial Intelligence Lab in Cambridge, Massachusetts, USA, has recently started. Hochtief will harness the products and processes developed by Nexplore to continuously increase efficiency and execution quality as well as to optimize project management.

The new Corporate Headquarters will be built in Essen, Germany, and will help to promote the digital transformation of the group. Marcelino Fernández Verdes said: “We will create an inspiring and productive working environment for our employees.”

Source: Hochtief AG