HOCHTIEF : Bonne performance opérationnelle mais toujours un “risque Atlantiaâ€
>Ajustement de nos estimations post T3 - Nous ajustons nos hypothèses sur Hochtief afin de prendre en compte la publication du T3 marginalement supérieure aux attentes (voir tableau p. 2) et les nouvelles hypothèses de devises.Après +7.8% sur 9 mois, nous attendons désormais une croissance du chiffre d’affaires de 4.9% sur le T4 2019. Comme sur le début d’année, la croissance continuera d’être tirée par l’Amérique du Nord (+8.9%e) même si l’effet devises devrait ...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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