HOCHTIEF : Good set of Q3 results; FY 2024 guidance expected at top end of the range
>Results on track to meet full year guidance at the top end of the range - Hochtief’s Q3 2024 operational results were ahead of both the consensus and our estimates: revenues 3.1% above consensus and 2.2% above our estimates, operational PBT of € 272m (15.3% above the consensus; 4.1% above our € 261m estimate) and operational net profit of € 149m (7.3% above css; 4.1% above our estimate). However, the beat was mainly the result of a higher-than-anticipated financial ...Hochtief is a holding company. Through its subsidiaries, Co. operates as a construction company engaged in projects in the transportation, energy, and social and urban infrastructure sectors as well as contract mining. Co. provides its services through three divisions: HOCHTIEF Americas, which encompasses the construction activities of operational units in the U.S and Canada; HOCHTIEF Asia Pacific, which includes the construction activities and contract mining in the Asia-Pacific region; and HOCHTIEF Europe, which designs, develops, builds, operates, and manages real estate and infrastructure, with primary business in Europe as well as selected other regions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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