13-Nov-2009 11:35 AM

Hochtief 3Q2009 revenue down 4.9%, EBITDA down 2%

Germany’s Hochtief revenue down 4.9% - financial highlights for the three months ended 30-Sep-2009:

  • Revenue: EUR4,597 million, -4.9% year-on-year;
  • Operating profit: EUR129.7 million, -16.8%;
  • EBITDA: EUR188.4 million, -1.8%;
  • Profit before tax: EUR141.9 million, +16.6%;
  • Net profit: EUR36.2 million, -43.7%;
  • New orders: EUR7,224 million, +0.6%;
  • Order backlog: EUR35,295 million, +7.7%;
  • Hochtief Concessions Division:
    • New orders: EUR9.2 million, +12.2%;
      • Hochtief AirPort: EUR2.9 million, -27.5%;
    • Work done: EUR56.6 million, +35.1%;
      • Hochtief AirPort: EUR2.9 million, -27.5%;
    • Order backlog: EUR789.1 million, +3.9%;
    • EBITDA: EUR44.0 million, +36.6%;

Hochtief: “We are raising our forecast for the order backlog for FY2009 and now expect it to exceed the prior-year figure. Nine months into the year, we also once again confirm our Group forecast for FY2009 and anticipate that new orders and Group sales will steady at normal levels, below the high figures attained in 2008,” Herbert Lütkestratkötter, Chairman. Source: Hochtief, 12-Nov-2009.

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