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MarketScreener Homepage  >  Equities  >  Xetra  >  Hochtief    HOT   DE0006070006

HOCHTIEF

(HOT)
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Hochtief, ACS Sink After Australian Subsidiary Disappoints

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07/18/2019 | 04:07am EDT

By Nathan Allen

Shares in Hochtief and parent company Actividades de Construccion y Servicios SA (ACS.MC) fell sharply Thursday after their Australian subsidiary CIMIC Group reported disappointing first-half results.

CIMIC closed 19% lower Thursday after first-half earnings failed to meet expectations. While group profit ticked up on the year, pretax profit for its construction business fell by 15%, leading Macquarie to downgrade the stock to hold from buy.

At 0744GMT Hochtief, which holds a 73% stake in CIMIC, traded 9.2% lower at EUR96.85, making it the second-biggest loser on the Stoxx Europe 600. ACS, which holds slightly more than 50% of Hochtief, was down 4.9% at EUR36.28.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. -0.14% 36.14 End-of-day quote.6.98%
ATLANTIA SPA -0.36% 21.9 End-of-day quote.18.76%
CIMIC GROUP LIMITED 0.80% 32.7 End-of-day quote.-28.89%
HOCHTIEF -0.19% 106.1 Delayed Quote.-9.69%
MACQUARIE GROUP LIMITED 1.43% 131.24 End-of-day quote.16.55%
STOXX EUROPE 600 -0.49% 389.69 Delayed Quote.13.36%
STOXX EUROPE 600 NR -0.49% 838.91 Delayed Quote.16.43%
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07/25HOCHTIEF AKTIENGESELLSCHAFT : Release according to Article 40, Section 1 of the ..
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07/24HOCHTIEF : with strong increase in operational net profit of 25% to EUR 296 mill..
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07/18Hochtief, ACS Sink After Australian Subsidiary Disappoints
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Financials (EUR)
Sales 2019 25 271 M
EBIT 2019 1 092 M
Net income 2019 625 M
Finance 2019 1 648 M
Yield 2019 5,52%
P/E ratio 2019 12,0x
P/E ratio 2020 11,1x
EV / Sales2019 0,23x
EV / Sales2020 0,21x
Capitalization 7 493 M
Chart HOCHTIEF
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Technical analysis trends HOCHTIEF
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 142,43  €
Last Close Price 105,80  €
Spread / Highest target 65,4%
Spread / Average Target 34,6%
Spread / Lowest Target -5,48%
EPS Revisions
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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