Ad-hoc | 2 November 2010 07:49
HOCHTIEF Aktiengesellschaft / Key word(s): Forecast
02.11.2010 07:49
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* Profit before taxes and consolidated net profit continue above prior-year
level
* Sight remains firmly set on EBT medium-term target of EUR 1 bn
* Adverse effects on the profits of Australian subsidiary's will be
compensated
Today HOCHTIEF has reaffirmed its forecast for the current business year.
The Group has reaffirmed its forecast despite the adverse effects on the
profits of its Australian subsidiary Leighton and independent from positive
effects of a potential sale of a minority stake in Leighton's Indian
business. Leighton made an announcement to its shareholders in this respect
this morning.
For Leighton's road project Airport Link in Brisbane concerned, HOCHTIEF
made provisions at an early stage in line with its conservative accounting
practice: A provision had already been made in the HOCHTIEF's 2009 Annual
Financial Statements. Any effects beyond this are compensated by the good
operative development of other corporate divisions of the HOCHTIEF Group
and the strong Australian dollar.
Kontakt:
elmar.sauter@hochtief.de
02.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Deutschland
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Berlin,
Hamburg, München, Düsseldorf; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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