Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

HOCHTIEF : The quarter of cash flow, also with an eye on strategy

>Revenue growth should remain strong despite a minor deceleration… - We expect Hochtief to report a slight deceleration in revenue growth (21% in Q4 2022 vs 23% in 9M) due to the high pace already reported, but also due to the slight USD depreciation impact for the year experienced in Q4. This is also despite the strong underlying order intake, especially in the Americas, where we expect the trend to remain strong in local currency. We are revising our estimates with ...
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
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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