HOCHTIEF : A solid Q2 2019 despite CIMIC and a confident message for H2
>A solid Q2 2019 thanks to the Americas division and to the Abertis dividend - HOCHTIEF reported its Q2 2019 results on Tuesday, 23 July. We note the following points: A brisk order intake: new orders up 22.6% y-o-y in Q2 2019, buoyed by the Americas division (+48.8%). The backlog totalled € 49.4m at end-June 2019, which represents 23 months of work.Sales were up 5.7% y-o-y, thanks to the Americas division (+17.4% y-o-y, of which 12% on an organic basis) whi...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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