Economic results of HOCHTIEF Group for 2017

HOCHTIEF increased net profit by 31% in 2017; strong outlook supported by 23% growth in new orders

  • EUR 421 million nominal net profit (+31% year on year); EUR 452 million operational net profit (+25%)
    • 2017 Group operational net profit at top end of guidance range (EUR 410-450 million)
    • Operational PBT margin of 3.8%, +40bps yoy
    • Strong EBITDA growth (+30%) to EUR 1.3 billion
    • Sales up by 14% to EUR 22.6 billion
  • EUR 1.4 billion net cash from operating activities (+17%)
    • Free cash flow from operations of EUR 1.1 billion (+14%)
  • EUR 1.3 billion net cash (+EUR 562 million)
    • All divisions show substantial improvement year on year
  • EUR 44.6 billion order backlog (+12% fx-adjusted); EUR 30.4 billion new orders (+23%)
    • Year-end order backlog at highest level for five years
  • Proposed dividend increase of 30% to EUR 3.38 per share
  • Guidance for 2018: Operational net profit of EUR 470–520 million (+4% to 15%)
    • Strong tender pipeline in our core markets USA, Canada, Asia Pacific and Europe of close to EUR 500 billion in project work for 2018 and beyond
    • HOCHTIEF to continue active and disciplined capital allocation policy

In 2017 HOCHTIEF has further enhanced its balance sheet strength and significantly increased cash flow, sales and profits. “Generating value is in our DNA. Since the beginning of our transformation in 2013, we have succeeded in delivering dynamic and consistent value growth in our global business. 2017 was again a very successful year for the Group”, said CEO Marcelino Fernández Verdes. “We will continue our active and disciplined capital allocation policy.”