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Cimic's UGL wins Power Contract

Cimic Group company UGL has been awarded a contract with ElectraNet Pty Ltd to design, build and commission high voltage substations and transmission lines that will connect the Prominent Hill Mine to the South Australian electricity grid, continuing Cimic Group’s long-standing involvement with the mine.

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Cimic's CPB Contractors wins Mining Infrastructure Works in Australia

Cimic Group company, CPB Contractors, has been selected by BHP Iron Ore to deliver the construction of bulk earthworks, concrete and underground services for the South Flank project in Western Australia’s Pilbara region. Revenue to CPB Contractors for this construct-only contract is approximately $260 million, with construction scheduled to commence in July and conclude in September 2020.

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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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