Hochtief stock reports record backlog and 2026 outlook

Published on 09/24/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hochtief stock traded at EUR 397.80 on September 24, 2026, up 0.45 percent. First-half revenue reached EUR 20.1 billion and profit rose 35 percent to EUR 480 million.

Fotorealistischer Blick auf HOCHTIEF AG Brückenbau mit Kränen im Sonnenuntergang — HOCHTIEF AG Brückenbau-Großprojekt DE0006070006 zeigt Kräne und Betonstützen bei Sonnenuntergang über dem Fluss, Illustration mit AI erstellt.

Hochtief (ISIN DE0006070006) was trading at EUR 397.80 on Xetra on September 24, 2026, up 0.45 percent, with the session range at EUR 393.20 to EUR 401.80. The construction group combines that market snapshot with a record order backlog and a higher 2026 earnings outlook, as Börse Express reported on September 18, 2026.

Backlog reaches EUR 84.8 billion

Hochtief's order backlog reached EUR 84.8 billion in the latest reported period, a record level that was 23 percent above the prior-year figure. New orders totaled EUR 31.5 billion and increased 25 percent on a currency-adjusted basis, according to Börse Express.

The backlog matters because it gives Hochtief unusually clear revenue visibility across its infrastructure operations. The comparison is material: secured work expanded faster than the first-half revenue base, pointing to continued order conversion as the central operating metric.

Profit outlook moves higher

First-half 2026 revenue stood at EUR 20.1 billion, up 10 percent, while operational group profit reached EUR 480 million, an increase of 35 percent. These figures show that Hochtief expanded earnings faster than sales during the period, a favorable mix for investors tracking margin development.

For fiscal year 2026, the company is targeting operational net profit of EUR 1.03 billion to EUR 1.10 billion. Börse Express also reported that third-quarter earnings and revenue figures are expected on November 5, 2026, creating a dated checkpoint for the order-to-profit conversion.

Stock remains below its yearly high

At EUR 397.80 on September 24, 2026, Hochtief stock stood 27.1 percent below its 52-week high of EUR 545.50 and within a 52-week range of EUR 217.20 to EUR 545.50. The current session gain of 0.45 percent is modest beside the operating comparisons, so the next decisive signal is likely to come from execution against the record backlog rather than from the intraday move alone.