Investor Relations Company Presentation
150
YEARS
We are building the world of tomorrow.
HOCHTIEF Europe - 9M 2023 results
Results/Cash
Essentials
• Sales of EUR 1bn increased by 8% yoy
• Op. PBT of EUR 44m in 9m 2023, with solid margin. Op.
Net profit up 3% yoy
• Cash flow from op. activities performance with EUR
71m yoy improvement in 9M 2023 driven by strong EUR 42m
in Q3 2023 (EUR +52m yoy)
• Solid net cash position of EUR 619m
• Real estate net assets <EUR 100m
Orders
.
On-going strength in new orders with EUR 2.6bn in 9m
2023 up EUR 1.6bn yoy. New orders equivalent to 1.7x work
done LTM
• Order backlog at EUR 5.6bn increased by 29% yoy
Outlook HOCHTIEF Europe 2023
Guidance FY 2023: Operational PBT of EUR 55-65m
Financials
A HOCHTIEF
(EUR million)
Total sales/divisional sales
9M
9M
9M
Q3
Q3
Q3
2023
2022
change yoy
2023
2022
change yoy
FY
2022
1,001.4
926.6
8.1%
339.1
322.8
5.0%
1,270.8
Operational profit before tax/PBT
Operational PBT margin in %
43.5
42.9
1.4%
15.5
15.9
-2.5%
63.4
4.3
4.6
-0.3
4.6
4.9
-0.3
5.0
Operational net profit
33.3
32.4
2.8%
11.8
11.4
3.5%
48.8
EBITDA
67.6
76.8
-12.0%
27.9
32.7
-14.7%
103.0
EBIT
39.8
45.8
-13.1%
18.6
22.5
-17.3%
62.8
Nominal Profit before tax / PBT
Nominal Net profit
33.5
32.0
4.7%
12.5
12.2
2.5%
47.4
23.3
21.0
11.0%
8.8
7.5
17.3%
34.4
Cash flow from operating activities*
-40.5
-111.1
70.6
42.4
-9.5
51.9
28.1
Gross operating capital expenditure
7.9
5.2
2.7
2.4
1.5
0.9
8.9
Net cash/net debt
New orders
Work done
618.6
600.4
18.2
618.6
600.4
18.2
749.4
2,646.5
1,322.6
1,067.5
1,222.0
147.9%
8.2%
785.3
616.5
27.4%
1,483.6
461.5
437.0
5.6%
1,733.0
Order backlog
Employees (end of period)
of which Germany
Note: Operational profits are adjusted for non-operational effects
5,559.1
4,319.1
28.7%
5,559.1
4,319.1
28.7%
4,240.1
4 821
4 722
2.1%
4 821
4 722
2.1%
4741
3 087
3 058
0.9%
3 087
3 058
0.9%
3 065
* Excluding the extraordinary payments for the final settlement for the legacy Chilean project
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