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| Hochtief expects to comfortably outperform its forecast for 2010 The Hochtief Executive Board will present to the Supervisory Board consolidated financial statements as of December 31, 2010 which, after their final adoption, are expected to report profit before taxes and consolidated net profit on a level well above the prior-year figures. This applies despite the currently published adverse effects on the profits at Australian subsidiary Leighton. New orders and order backlog of the Hochtief Group are also well above the previous forecast. In addition, sales will exceed the prior-year figure. "With these excellent earnings figures, we are taking a big step closer to our medium-term goal: EUR 1 billion of pretax profit from operative business alone in 2013", underlines Hochtief CEO Dr. Herbert Lütkestratkötter. write your comments about the article :: © 2011 Construction News :: home page |