HOCHTIEF Aktiengesellschaft HOT
XETR · Germany · Industrial Services
€388.60+1.20 (+0.31%)
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
The startup, which works with contractors including JE Dunn, Mortenson and Turner Construction parent Hochtief, noted that seven-figure, multiyear contracts with clients are now the norm.
The acquisition aligns with Hochtief’s strategy to pursue growth in markets shaped by long-term investment trends.
Hochtief AG (HOCFF) reports a 35% surge in operational net profit and a record EUR85 billion order backlog, driven by a booming data center business.
Construction group Hochtief joined Germany's blue-chip DAX index on Monday, replacing Porsche SE, the largest shareholder in Volkswagen, which drops to the mid-cap MDAX index. The move marks the first time the Essen-based company has entered Germany's benchmark stock index and is particularly significant for index-tracking funds, which must adjust their portfolios to reflect the changes.
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