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MarketScreener Homepage  >  Equities  >  Xetra  >  Hochtief    HOT   DE0006070006

HOCHTIEF

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HOCHTIEF : wins EUR 90 million contract awarded by state of Berlin

11/20/2020 | 04:09am EST

Press Release

HOCHTIEF wins EUR 90 million contract awarded by state of Berlin

Refurbishment of four heritage-protected office buildings

HOCHTIEF has won the contract for the refurbishment of a listed historical monument comprising four office buildings in Berlin. The contract has a total volume of around EUR 90 million. The building construction unit HOCHTIEF Building will execute the project as total construction manager. The client is the federal state of Berlin.

HOCHTIEF has extensive experience in the careful redesign of historical buildings. This is shown in many projects we have realized in Berlin in the last few decades. When refurbishing this office complex, we will bring in our technical know-how as early as in the planning phase," says Thilo Warlich, Manager of the Berlin branch of HOCHTIEF Infrastructure Building.

The contract comprises the extensive, complete refurbishment of an 18-storyhigh-rise building and three interconnected six-story buildings. The heritage- protected office complex from the 1950s is to be adapted to the latest safety standards and to be optimized energetically. The construction works have started in November 2020 and are scheduled for completion in spring 2023. The state of Berlin will use the administrative buildings itself again from mid-2023.

INFRASTRUCTURE

BUILDING

COMMUNICATIONS

Contact:

Antje Meeuw

Alfredstraße 236

45133 Essen, Germany

Tel.: +49 201 824-4262

Fax: +49 201 824-94262antje.meeuw@hochtief.de

Page 1 of 2

11/20/2020

HOCHTIEF Infrastructure GmbH, Sitz der Gesellschaft: Essen, Registergericht: Essen HRB 25021, USt-IdNR. DE 292 910 341, StNr. 5112/5710/0012

Vorsitzender des Aufsichtsrates: Nikolaus Graf von Matuschka, Geschäftsführer: José Ignacio Legorburo Escobar

INFRASTRUCTURE

BUILDING

HOCHTIEF is an engineering-led global infrastructure group with leading positions across its core activities of construction, services and concessions/public-private partnerships (PPP) focused on Australia, North America and Europe. With around 53,000 employees and a sales volume of about EUR 26 billion in 2019, HOCHTIEF's global presence is focused on developed markets. Via CIMIC, the Group is market leader in Australia. In the USA, HOCHTIEF is the No. 1 general builder via Turner. Flatiron ranks among the most important players in the field of civil works, mainly in transportation infrastructure. HOCHTIEF owns a 20% stake in Abertis, the leading international toll road operator. Thanks to its commitment to sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006. Further information is available at www.hochtief.com/press.

HOCHTIEF Building bundles the traditional construction business of the HOCHTIEF Group in Germany. Working in cooperation with customers and partners, this division of HOCHTIEF Infrastructure offers reliable and sustainable solutions for all aspects of turnkey construction and structural work. With its eight branches, the company is represented in all key regions of Germany and ranks among the leading providers in many market segments. Further information is available at www.hochtief-building.com.

COMMUNICATIONS

Page 2 of 2

11/20/2020

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hochtief AG published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 09:08:07 UTC


© Publicnow 2020
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Sales 2020 24 473 M 29 752 M 29 752 M
Net income 2020 471 M 573 M 573 M
Net cash 2020 293 M 356 M 356 M
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Yield 2020 4,83%
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EV / Sales 2021 0,17x
Nbr of Employees 47 472
Free-Float 28,8%
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Last Close Price 79,75 €
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José Ignacio Legorburo Chief Operating Officer
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Ángel Manuel García Altozano Member-Supervisory Board
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