|
contents | news | |||||||||
| Hochtief reported a pre-tax profit of EUR 329 M for 2005 Hochtief, the world's third largest construction services provider, reported its profit before taxes shot up by 75.7 percent from EUR 187.3 million in 2004 to EUR 329.0 million in 2005 - growth far stronger than forecast at the start of the year. Consolidated net profit likewise grew substantially as forecast, by 52.4 percent from EUR 41.2 million in 2004 to EUR 62.8 million in 2005. Orders on hand represent nearly a year and a half's worth of forward orders, an unusually high level for the construction industry. Hochtief has a positive outlook for 2006 and forecasts: New orders of the same order as the 2004 and 2005 records. An order backlog of about EUR 21 billion by the end of 2006 - again of the same order as the 2005 record. Group sales of EUR 13-14 billion. write your comments about the article :: © 2006 Construction News :: home page |