Hochtief Nine-Month Profit Climbs 40% as Infrastructure Demand Grows
The German construction group reported higher profit and revenue, citing demand for data centers and other modern infrastructure.
Key takeaways
- Hochtief’s operating group profit rose 40% to €752 million in the first nine months.
- Revenue increased 14% to more than €32 billion.
- The company cited demand across AI, energy, defense and critical minerals.
Hochtief’s operating group profit rose 40% year over year to €752 million in the first nine months. Revenue increased 14% to more than €32 billion, the company reported.
The group said growth in profit and orders was supported by demand in artificial intelligence, energy, defense and critical minerals. It also cited recent data center orders in Asia, the United States and Europe.
Hochtief pointed to other projects, including a research center for Berlin’s Museum für Naturkunde, work at the Sellafield nuclear site in Britain and expansion of a transmission network in Australia.
As of 16:38 UTC on Nov. 5, Hochtief shares traded at €346.40, down 4.73% from the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
