Hochtief AG — Earnings Release 2005

Feb 15, 2006

News Details

Ad-hoc | 15 February 2006 08:30

HOCHTIEF Aktiengesellschaft will top forecast pre-tax profit (EBT) 2005

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— With a marked increase in sales, HOCHTIEF will top the forecast pre-tax profit figure in the 2005 annual financial statements: Profit before taxes will grow by more than two-thirds over the prior year. Previously, the Group had forecast an increase by about one-quarter. The increase mainly results from a higher profit contribution from the HOCHTIEF Construction Services Asia Pacific division. The HOCHTIEF Construction Services Europe division also yielded a significantly higher result than in the previous year. Moreover, the reserves created from the book gain of the airport investment partnership in Q1 2005 were released. At its meeting today, the Executive Board also decided to make a greater than originally planned precautionary impairment charge on assets recognized in prior years for tax refund entitlements. This means that the previous forecast of Group profit (increase by more than half) remains valid. (c)DGAP 15.02.2006 ————————————————————————— language: English emitter: HOCHTIEF Aktiengesellschaft Opernplatz 2 45128 Essen Deutschland phone: +49 (0)201 824-1833 fax: +49 (0)201 824-2750 email: investor-relations@hochtief.de WWW: www.hochtief.de ISIN: DE0006070006 WKN: 607000 indexes: MDAX stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt, Düsseldorf, Hamburg, München; Freiverkehr in Hannover, Stuttgart End of News DGAP News-Service —————————————————————————