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| Hochtief reports successful first half 2010 German builder Hochtief had a successful first six months in 2010: New orders climbed 27.9 percent on the figure for the previous year (exchange rate-adjusted: 10.6 percent) to EUR 12.92 billion (H1 2009: EUR 10.10 billion). The order backlog rose past EUR 40 billion for the first time, increasing by 28.3 percent (exchange rate-adjusted: 10.4 percent) to EUR 42.52 billion (H1 2009: EUR 33.13 billion). The order backlog now corresponds to a forward order book of 24 months. Hochtief is raising its forecast for both figures and anticipates that new orders and the order backlog will exceed prior-year levels in fiscal 2010. The company further proved its resilience in a still difficult economic environment: "We have kept the flow of work coming. This can be seen from new orders, which were well in excess of work done and sales for the first half of the year in the Group, " said Dr. Herbert Lütkestratkötter, Chairman of the Hochtief Executive Board. write your comments about the article :: © 2010 Construction News :: home page |