|
contents | business | |||||||||
| Hochtief decides buyback of own shares Hochtief, Germany's largest builder, reaffirms its forecast for FY 2008: the group continues to expect new orders and order backlog at the same high levels as in the previous year, a year-on-year increase in group sales and pre-tax profit, and a consolidated net profit above the 2007 figure of EUR 140.7 million. For this reason and against the background of the current market environment, the Executive Board of Hochtief Aktiengesellschaft decided to acquire up to five percent of Hochtief Aktiengesellschaft's equity (including already held own shares) via the stock exchange in the next few weeks. Another share of up to five percent will be acquired by Hochtief Pension Trust e.V., Essen: As an external trustee, the trust administers the funds for the Hochtief employee pensions. write your comments about the article :: © 2008 Construction News :: home page |