HOCHTIEF : Q2 2020 earnings a shade above forecasts
>A 32% decline in pre-tax operating profit (vs -36% est.)... - After the publication of Cimic’s results on 30 July, Hochtief yesterday reported a 7.7% decline in Q2 sales to € 5,791m, beating the consensus forecast (-9.2%e). The EBIT margin was down 109bp to 3.5%. Pre-tax operating profit fell by 32% to € 183m, a shade above the consensus forecast (€ 171m est.). Net profit was € 103m, in line with forecasts. See details on page 2The group posted a € 301m decline ...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.