Hochtief stock: Nine-month profit jumps 40%, backlog hits record
Published on 11/06/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit Growth Meets Record Backlog
- HOCHTIEF increased nine-month operational net profit by 40% year on year.
- New orders reached EUR 48.6 billion, lifting the backlog to a record EUR 90 billion.
- Management reiterated its 2026 operational net profit guidance of EUR 1.025 billion to EUR 1.100 billion.
HOCHTIEF strengthened its growth profile in the first nine months of 2026, with operational net profit rising 40% year on year to EUR 752 million. The company also reported stronger cash generation and a record order backlog, giving investors a firmer base for the final quarter.
According to HOCHTIEF's investor-relations release published on Thursday, November 5, operational net profit for the nine months ended September 30 reached EUR 752 million. On a foreign-exchange-adjusted basis, growth was 42%.
Orders Expand Strategic Growth Areas
New orders increased to EUR 48.6 billion, up 33% year on year and 35% on a foreign-exchange-adjusted basis. About 65% of orders came from strategic growth areas, including artificial intelligence, digital technology, energy, nuclear projects, security, defense and critical minerals.
The order backlog rose to EUR 90 billion, EUR 20 billion or 29% above the prior-year level. HOCHTIEF said the backlog provides around 24 months of visibility. The AI, digital and technology backlog increased by more than 90% year on year.
Guidance Leaves Execution In Focus
Management reiterated its 2026 operational net profit guidance of EUR 1.025 billion to EUR 1.100 billion, implying growth of 30% to 40% year on year. Operating cash flow reached EUR 2.7 billion over the last twelve months before factoring, an increase of EUR 686 million from a year earlier.
The real-time quote of Hochtief stock was EUR 342.60 on Lang & Schwarz at 17:09 CET on Friday, November 6, 2026, 1.10% below the Xetra close of Thursday, November 5.
For investors, the key question is whether HOCHTIEF can convert the enlarged order book into sustained profit and cash generation while maintaining disciplined project selection. The unchanged guidance places the focus on delivery through the fourth quarter.
The German market environment remains the relevant comparison frame through the DAX.
More company coverage is available in more news and analyses on Hochtief stock.
Hochtief key facts
- Company: HOCHTIEF Aktiengesellschaft
- ISIN: DE0006070006
- Exchange: Lang & Schwarz
- Quote: EUR 342.60 on November 6, 2026 at 17:09 CET
- Daily comparison: 1.10% below the Xetra close of November 5, 2026
- Nine-month operational net profit: EUR 752 million
- New orders: EUR 48.6 billion
- Order backlog: EUR 90 billion
- 2026 guidance: EUR 1.025 billion to EUR 1.100 billion operational net profit
