Report
Sven Edelfelt

HOCHTIEF : Résultats S1 de Cimic proches de nos attentes

>Croissance de la marge de Cimic au S1 malgré un CA en baisse - CIMIC – filiale australienne de Hochtief détenue à 77.1% et représentant ~70% de son EBIT – a publié des résultats T2 proches de nos attentes. Si le chiffre d’affaires s’est montré un peu décevant (-18% vs -11%e), la marge d’EBIT progresse de 60 pb à 8.8% alors que nous attendions une légère baisse. Cimic a, sans surprise, souffert de la COVID 19, en particulier à l’international, mais la mixité de ses ac...
Underlying
Hochtief AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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