Hochtief Q4 operational net profit rises

HOCHTIEF AG

19/02/2026 14:13

Overview

Global infrastructure provider's Q4 operational net profit rose 43.8%

Q4 sales missed analyst expectations

New FY orders surged to EUR 52.6 bln, up 32% f/x-adjusted yr/yr

Outlook

Hochtief projects 2026 operational net profit of EUR 950-1,025 mln, up 20-30% yoy

Company sees continued growth in AI, energy, defense sectors in 2026

Result Drivers

STRATEGIC MARKETS - Hochtief's growth driven by focus on AI, digital, tech, energy, and defense sectors

ORDER BACKLOG - FY Order backlog reached EUR 72.5 bln, up 18% f/x-adjusted, providing strong growth foundation

NEW ORDERS - New FY orders surged to EUR 52.6 bln, up 32% f/x-adjusted yr/yr, with strong Q4 momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
EUR 10.13 bln
EUR 10.42 bln (2 Analysts)
Q4 Operational Net Profit
EUR 251.80 mln
Q4 EBITDA
EUR 642.10 mln
Q4 EBITDA Margin
6.30%
Q4 Orders
EUR 15.95 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Hochtief AG is €298.00, about 26.4% below its February 18 closing price of €404.80

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)