Hochtief stock gains as nine-month profit jumps 40%

Published on 11/06/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hochtief stock follows stronger nine-month results, with operational profit and orders advancing sharply. Management kept its 2026 outlook unchanged.

Profit and backlog accelerate

Hochtief increased nine-month sales by 14% to EUR 32.1 billion.
New orders reached EUR 48.6 billion, while the order backlog rose to a record EUR 90 billion.
Management reiterated 2026 operational net profit guidance of EUR 1.025 billion to EUR 1.1 billion.

Hochtief, DE0006070006, Illustration mit AI erstellt.

Hochtief delivered stronger growth in the first nine months of 2026, with operational net profit rising 40% year on year to EUR 752 million. The company published the results on Thursday, November 5, and reiterated its full-year guidance.

Hochtief stock traded at 347.00 euros on Lang & Schwarz at 12:03 CET on Friday, November 6, 2026, 0.17 percent above the Xetra close of Thursday, November 5. The real-time quote of Hochtief stock reflects the current market indication.

Growth broadens across infrastructure markets

Sales increased 14% year on year to EUR 32.1 billion. The company said demand remained strong in strategic growth areas including artificial intelligence, digital and technology infrastructure, energy and nuclear projects, security and defense, and critical minerals.

New orders rose 33% to EUR 48.6 billion, or 35% on a foreign-exchange-adjusted basis. Orders were equivalent to 1.4 times work completed, and about 65% came from strategic growth verticals. The order backlog reached a record EUR 90 billion, up EUR 20 billion or 29% from a year earlier, giving the group around 24 months of visibility.

Cash flow supports outlook

Operating cash flow reached EUR 2.7 billion over the last twelve months before factoring, an increase of EUR 686 million year on year. Net operating cash flow came to EUR 2.0 billion, up EUR 637 million. Hochtief also said net cash improved by EUR 1.0 billion year on year, while S&P upgraded the company to an investment-grade BBB rating with a stable outlook.

The strongest operating contribution came from Turner in the United States. Its foreign-exchange-adjusted sales increased 24%, while operational profit before tax rose 47% to EUR 891 million. Hochtief said demand was supported by data centers and other advanced infrastructure projects.

Chief Executive Officer Juan Santamaria said the group had combined profitable growth with stronger cash generation and a record backlog. Management also emphasized disciplined project selection and execution as it targets opportunities linked to the global infrastructure investment cycle.

Guidance remains unchanged

Hochtief retained its 2026 operational net profit guidance of EUR 1.025 billion to EUR 1.1 billion. The range implies year-on-year growth of 30% to 40% and leaves execution in the final quarter as the next major test for the outlook.