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Hochtief with strong FY 2017 results, robust order book and a solid Tender Pipeline

  • FY 2017: EUR 421 million nominal net profit (+31% year on year)
  • Sales up 14% accompanied by strong cash flow
  • EUR 30.4 billion new orders (+23%)
  • Hochtief is well positioned in attractive and growing markets
    • Strong tender pipeline in our core markets USA, Canada, Asia-Pacific and Europe of close to EUR 500 billion in project work for 2018 and beyond
  • Guidance for 2018 confirmed: Operational net profit of EUR 470–520 million (+4% to 15%)
  • Annual General Meeting in Essen to vote on 30% dividend increase to EUR 3.38 per share
  • Next transformation of the Group is focused on using digital environments
    • Innovation centers planned in North America, Australia and Europe
    • Close cooperation with leading universities
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The Mine of the Future

The mining industry is in a crisis. The failure to get the policy, legislative, administrative and operating environment right is being compounded by a recline in resource demand and resulting excess capacity, weakening prices and increasing volatility. Many also need to mine deeper to reach new deposits, which is resulting in a significant increase in the cost of extraction and these costs are forcing mining companies to make difficult decisions to sustain short-term operations, while still adhering to long term objectives. What’s more, advanced technologies are severely impacting the broader industry albeit in a seeming unrelated way. Emerging products and services require new materials which is changing the mix in the demand for minerals and metals and this is expected to continue. This of course has long term implications for the demand for primary resources. And for the foreseeable future, this state is the ‘new normal’.

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