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| Fiscal 2007 was a good year for Hochtief German construction giant Hochtief had held out the prospect to shareholders of more than EUR 100 million in consolidated net profit for 2007. In the end, it considerably exceeded this expectation with consolidated net profit of EUR 140.7 million - an increase of nearly 58 percent on the prior year (2006: EUR 89.1 million). Earnings per share climbed correspondingly by 51.1 percent to EUR 2.07 (2006: EUR 1.37). Hochtief set new records for orders and work done in 2007: Group new orders climbed to EUR 23.51 billion, beating the prior-year figure by a comfortable 14.3 percent (2006: EUR 20.56 billion). Work done came to EUR 18.77 billion, up 12.3 percent on the prior-year period (2006: EUR 16.72 billion). The order backlog swelled by 18.9 percent to EUR 29.89 billion (2006: EUR 25.13 billion). Adjusted for exchange rate changes, the Group order backlog passed the EUR 30 billion mark, representing a forward order book of over one-and-a-half years. Sales amounted to EUR 16.45 billion (2006: EUR 15.47 billion), an increase of 6.4 percent. Profit before taxes, at EUR 501.3 million, was 48.3 percent up on the prior year (2006: EUR 338.1 million). write your comments about the article :: © 2008 Construction News :: home page |