HOCHTIEF Aktiengesellschaft
HOCHTIEF Aktiengesellschaft: HOCHTIEF lowers forecast for 2012 as earnings are affected at Leighton
HOCHTIEF Aktiengesellschaft / Key word(s): Forecast 29.03.2012 00:56 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. --------------------------------------------------------------------------- Following the downward revision of the earnings outlook at its Australian subsidiary Leighton, HOCHTIEF has correspondingly lowered its own forecast for the current fiscal year 2012: The HOCHTIEF Executive Board is now anticipating the Group's profit before taxes from our operating business to be slightly less than EUR 550 million. Consolidated net profit will come in at just under EUR 180 million (figures previously expected to be slightly below the record levels set in 2010; in that year, profit before taxes amounted to EUR 757 million and consolidated net profit to EUR 288 million). In its updated forecast, HOCHTIEF reiterates its guidance for new orders, the order backlog, and sales. The adjustments at Leighton are due to a further deterioration in earnings on the Airport Link road project in Brisbane and at the Victorian Desalination Plant. Both projects are scheduled to be completed this year. 29.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HOCHTIEF Aktiengesellschaft Opernplatz 2 45128 Essen Germany 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 Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München; Freiverkehr in Hannover, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
Webcasts
Keine Webcasts gefunden