HOCHTIEF Aktiengesellschaft (HOCFF) Full Year 2024 Earnings Call Transcript
HOCHTIEF Aktiengesellschaft (OTCPK:HOCFF) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Mike Pinkney – Head-Capital Markets Strategy Juan Santamaria – Chief Executive Officer Conference Call Participants Graham Hunt – Jefferies Luis Prieto – Kepler Cheuvreux Dario Maglione – BNP Paribas Augustin Cendre – Stifel Mike Pinkney Good afternoon to everyone, and thanks for joining us for this HOCHTIEF Results Call for the First Nine Months of 2024. I'm Mike Pinkney, Head of Capital Markets Strategy, and I'm here with our CEO, Juan Santamaria; and our CFO, Peter Sassenfeld; as well as our Head of IR, Tobias Loskamp; and other colleagues from the senior management team at HOCHTIEF.
Hochtief has streamlined its business and settled legacy projects after a few tumultuous years. The portfolio is de-risked which improves continuity albeit at a lower EBITDA margin. The reinstated dividends and improved risk profile are reflected in the share price leaving limited upside potential.
![]() HOCFF 1 month ago Announced | Annual | $5.43 Per Share |
![]() HOCFF 26 Apr 2024 Paid | Annual | $4.72 Per Share |
![]() HOCFF 27 Apr 2023 Paid | Annual | $4.42 Per Share |
![]() HOCFF 28 Apr 2022 Paid | Annual | $2.02 Per Share |
![]() HOCFF 7 May 2021 Paid | Annual | $4.74 Per Share |
12 May 2025 Date | | - Cons. EPS | 4.31 EPS |
20 Feb 2025 Date | | - Cons. EPS | 2.79 EPS |
7 Nov 2024 Date | | - Cons. EPS | 2.08 EPS |
24 Jul 2024 Date | | - Cons. EPS | 4.34 EPS |
13 May 2024 Date | | - Cons. EPS | 1.92 EPS |
![]() HOCFF 1 month ago Announced | Annual | $5.43 Per Share |
![]() HOCFF 26 Apr 2024 Paid | Annual | $4.72 Per Share |
![]() HOCFF 27 Apr 2023 Paid | Annual | $4.42 Per Share |
![]() HOCFF 28 Apr 2022 Paid | Annual | $2.02 Per Share |
![]() HOCFF 7 May 2021 Paid | Annual | $4.74 Per Share |
12 May 2025 Date | | - Cons. EPS | 4.31 EPS |
20 Feb 2025 Date | | - Cons. EPS | 2.79 EPS |
7 Nov 2024 Date | | - Cons. EPS | 2.08 EPS |
24 Jul 2024 Date | | - Cons. EPS | 4.34 EPS |
13 May 2024 Date | | - Cons. EPS | 1.92 EPS |
Engineering & Construction Industry | Industrials Sector | Mr. Peter J. Davoren CEO | OTC GREY Exchange | DE0006070006 ISIN |
Germany Country | 44,675 Employees | 2 May 2025 Last Dividend | - Last Split | - IPO Date |
HOCHTIEF Aktiengesellschaft, a venerable entity in the construction sector with a history dating back to 1873, has established itself as a leading global player. The company proudly shows off a diversified portfolio through its regional operational divisions: HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe. Each division caters to a variety of construction needs ranging from building and transportation infrastructure to concessions and operator projects across different continents. Though it stands as a robust entity in its own merit, HOCHTIEF Aktiengesellschaft operates under the umbrella of ACS, Actividades de Construcción y Servicios, S.A., a major player in the world of construction and services. With its headquarters nestled in Essen, Germany, HOCHTIEF remains a beacon of construction expertise and innovation worldwide.
This division primarily focuses on the United States and Canada, delivering comprehensive building and transportation infrastructure construction services. Whether it’s massive skyscrapers that define city skylines or intricate transportation systems that connect communities, HOCHTIEF Americas has established a foothold in shaping North American infrastructure.
A broad spectrum of services characterizes the offerings of the Asia Pacific division, encompassing construction, mineral processing, engineering, alongside concessions, and maintenance services tailored for the infrastructure, resources, and real estate markets. Moreover, this division ventures into public-private partnerships (PPP), a strategic collaboration that merges the efficiency of the private sector with the resources of the public sector to bring infrastructure projects to life.
The European arm of HOCHTIEF dives into a mix of concessions and operator projects with a focus on roads, social infrastructure, energy, and the burgeoning digital sector. By developing and realizing projects in these crucial areas, HOCHTIEF Europe contributes significantly to the continent’s infrastructural backbone, ensuring resilient, sustainable, and technologically advanced solutions for the communities it serves.