HOCHTIEF : A good operating performance but still an “Atlantia riskâ€
>Adjustment to our estimates following the Q3 figures - We are adjusting our forecasts for Hochtief to factor in a Q3 release that is marginally higher than estimated (see table page on 2) and new currency forecasts.After +7.8% over the first nine months, we now forecast sales growth of 4.9% in Q4 2019. As at the start of the year, growth will continue to be driven by North America (+8.9% estimated) even though the forex impact should be less favourable. The Euro...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.