HOCHTIEF : Results in line, with the final cash test to be taken in Q4
>No material deviations in operating profit and no change in our view - Hochtief’s Q3 2022 results were in line with our estimates with regards to the P&L, as the higher revenues were offset by higher opex leading to similar EBITDA and EBIT: revenues € 1,327m or 23% above our estimates (€ 7,179m), EBITDA € 4m or 1.4% below our estimates (€ 308m), EBIT € 9m or 4.2% below our estimates (€ 213m) and net profit € 5m or 4.6% below our estimates (€ 115m). Net debt increas...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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