Hochtief AG — Earnings Release 2012

Mar 29, 2012

News Details

Ad-hoc | 29 March 2012 00:56

HOCHTIEF Aktiengesellschaft: HOCHTIEF lowers forecast for 2012 as earnings are affected at Leighton

HOCHTIEF Aktiengesellschaft / Key word(s): Forecast

29.03.2012 00:56

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Following the downward revision of the earnings outlook at its Australian
subsidiary Leighton, HOCHTIEF has correspondingly lowered its own forecast
for the current fiscal year 2012: The HOCHTIEF Executive Board is now
anticipating the Group's profit before taxes from our operating business to
be slightly less than EUR 550 million. Consolidated net profit will come in
at just under EUR 180 million (figures previously expected to be slightly
below the record levels set in 2010; in that year, profit before taxes
amounted to EUR 757 million and consolidated net profit to EUR 288
million). In its updated forecast, HOCHTIEF reiterates its guidance for new
orders, the order backlog, and sales.

The adjustments at Leighton are due to a further deterioration in earnings
on the Airport Link road project in Brisbane and at the Victorian
Desalination Plant. Both projects are scheduled to be completed this year.

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Language: English
Company: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Germany
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX

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