Investor Relations Company Presentation
150
YEARS
HOCHTIEF Group - P&L
We are building the world of tomorrow.
A HOCHTIEF
• Strong sales performance with an increase of 7% yoy (+11% fx-adj.), driven by all divisions
• Robust EBITDA and EBIT margins of 4.5% and 3.3%
• Net financial costs 9M increasing yoy due to higher rates environment and fx-effects
• Operational net profit up 6% to EUR 403m and nominal net profit up 7% to EUR 381m,
corresponding to an increase of >10% when adjusting for fx
HOCHTIEF Group
(EUR million)
19,124
9M
2022
9M
2023
9M
2022
A %
9M
Q3
2023
Q3
2022
A %
Q3
FY
2022
Sales (EURM)
+7%
+11%
fx-adj.
20,362
9M
2023
Sales
EBITDA
20,361.9
907.9
19,123.6
6.5% 7,346.3
863.3
5.2%
309.3
7,179.2
308.0
2.3%
26,219.3
0.4%
1,184.5
EBITDA margin
4.5%
4.5%
Obp
4.2%
4.3%
-10bp
4.5%
Operational PBT (EURM)
546
572
+5%
+9%
fx-adj.
Depreciation and amortization
-226.3
-245.6
-82.1
-94.9
-343.8
EBIT
681.6
617.7
10.3%
227.2
213.1
6.6%
840.7
EBIT margin
3.3%
3.2%
10bp
3.1%
3.0%
10bp
3.2%
9M
2022
9M
2023
Net interest income and other financial result
-105.1
-66.9
-28.6
-33.6
-112.7
Net non-operating expenses adjustment
-40.5
-48.6
-34.4
-17.8
-50.8
Profit before tax / PBT
536.0
502.2
6.7%
164.2
161.7
1.5%
677.2
PBT margin
2.6%
2.6%
Obp
2.2%
2.3%
-10bp
2.6%
Operational net profit (EURm)
381
+6%
403
Taxes
-138.8
-130.9
-37.5
-42.0
-162.2
+11%
Tax rate (taxes / PBT in %)
25.9
26.1
22.8
26.0
24.0
fx-adj.
Profit after tax - total
397.2
371.3
126.7
119.7
515.0
Minority interest
-16.3
-15.9
-7.7
-4.7
-33.2
Nominal net profit
380.9
355.4
7.2%
119.0
115.0
3.5%
481.8
9M
9M
Nominal net profit margin
1.9%
1.9%
Obp
1.6%
1.6%
Obp
1.8%
2022
2023
Operational net profit
403.1
380.7
5.9%
133.1
131.3
1.4%
521.5
Operational net profit margin
2.0%
2.0%
Obp
1.8%
1.8%
Obp
2.0%
LO
5View entire presentation