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MarketScreener Homepage  >  Equities  >  Xetra  >  Hochtief    HOT   DE0006070006

HOCHTIEF

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HOCHTIEF : secures contract for the R2 highway in Slovakia

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08/09/2019 | 09:32am EDT

HOCHTIEF has secured a contract from the national traffic authority NDS for a part of the R2 highway in Slovakia.

The contract is worth approximately EUR 130 million for the joint venture, in which HOCHTIEF has a 50% share.

The R2 section Mytna-Lovinobaa-TomaSovce, for which the overall construction work began in July, runs for a length of around 13.5 kilometers.

The project involves eleven bridges, six anti-noise walls and eight supporting walls. The highway section is planned to be opened in 2021.

'We are pleased to build this complex road construction project on behalf of NDS and to expand our presence in the Slovakian infrastructure market', said Dirk Wassmann, Business Sector Manager of Europe East at HOCHTIEF Infrastructure.

Contact:

Tel: 044 4900 4800

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. 0.19% 36.1 End-of-day quote.6.71%
HOCHTIEF -0.47% 106.9 Delayed Quote.-9.18%
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Financials (EUR)
Sales 2019 25 312 M
EBIT 2019 1 133 M
Net income 2019 634 M
Finance 2019 1 658 M
Yield 2019 5,54%
P/E ratio 2019 11,5x
P/E ratio 2020 10,8x
EV / Sales2019 0,23x
EV / Sales2020 0,21x
Capitalization 7 550 M
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 145,32  €
Last Close Price 106,40  €
Spread / Highest target 64,5%
Spread / Average Target 36,6%
Spread / Lowest Target -6,02%
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Managers
NameTitle
Marcelino Fernández Verdes Chairman-Executive Board
Pedro José López Jiménez Chairman-Supervisory Board
José Ignacio Legorburo Chief Operating Officer
Peter-Wilhelm Sassenfeld Chief Financial Officer
Ángel Manuel García Altozano Member-Supervisory Board
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