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| Hochtief hopes to beat medium-term earnings target this year  Hochtief, Germany's biggest builder, said that consolidated net profit increased by 31.6 percent to EUR 89.1 million last year, from EUR 67.7 million in 2005. This means Hochtief has made major progress toward the EUR 100 million earnings mark within only a year of adopting it as a medium-term target at the beginning of 2006. The capital market rewarded this performance, with the Hochtief stock price gaining 45.9 percent over the course of 2006. Group new orders rose to EUR 20.6 billion, a gain of nearly 32 percent on the EUR 15.60 billion record set in 2005. The order backlog increased 19 percent from EUR 21.10 billion in 2005 to EUR 25.13 billion in 2006. Sales grew to EUR 15.51 billion, up 13.6 percent on the EUR 13.65 billion sales generated in 2005.Profit before taxes came to EUR 338.1 million. The 2005 figure of EUR 337.0 million was thus improved upon despite the exceptional gain in 2005 from the airport investment partnership. Earnings per share stood at EUR 1.37, up from EUR 1.07 in 2005. write your comments about the article :: © 2007 Construction News :: home page |