Hochtief Aktiengesellschaft (HOCFF) Quarter 2 Earnings Discussion Transcript for 2025

Hochtief Aktiengesellschaft (HOCFF) Quarter 2 Earnings Discussion Transcript for 2025

**HOCHTIEF Aktiengesellschaft Reports Strong Q2 2025 Results**

HOCHTIEF Aktiengesellschaft, a leading international infrastructure group, reported strong financial performance for the second quarter of 2025, as revealed during a conference call held on July 23, 2025, at 9:30 AM ET. The call was operated by Moritz, the Chorus Call operator, and chaired by Juan Santamaria Cases, the Chairman of the Executive Board for HOCHTIEF Aktiengesellschaft.

During the call, Santamaria Cases provided an update on the group strategy, accompanied by Christa Andresky, the CFO, and Tobias Loskamp, the Head of IR, along with other senior management team members. The company's strong financial performance was underscored by an operational net profit of €355 million, a 18% increase year-over-year (22% adjusted for currency effects), and a revenue surge of 25.4% to €18.37 billion, or 29% adjusted for foreign exchange.

The robust order backlog and new orders totaling €26.1 billion, which grew 22.5% year-over-year (26% adjusted), contributed significantly to the revenue growth. The operational profit before tax increased by 32.9% to €588 million, with a margin improvement to 3.2%, and EBITDA rose 23.9% to €1.02 billion.

HOCHTIEF maintained its full-year operational net profit forecast of €680 million to €730 million, anticipating up to 17% growth over 2024. The company highlighted strategic growth in high-potential markets like data centers and sustainable infrastructure, with over 85% of the current order backlog in lower-risk contracts, reinforcing financial stability and long-term growth prospects.

Despite a negative net operating cash flow of €177 million for H1, HOCHTIEF reported strong operating cash flow of €2.0 billion over the last twelve months, reflecting solid cash conversion and strategic capital allocation decisions. The conference call transcripts emphasise confidence in delivering on full-year guidance, focus on equity investment opportunities in strategic markets, and managing seasonal and foreign exchange effects.

The Q2 2025 results demonstrate resilient growth, disciplined financial management, and a positive outlook fueled by a strong order book and expansion in strategic sectors such as data centers and green infrastructure. The company reiterates its 2025 profit guidance and highlights positioning for further growth through strategic investments.

The conference call participants included representatives from various Research Divisions, such as Filipe Martins Leite from Banco BPI, S.A., Luis Prieto from Kepler Cheuvreux, Nicolas J. Mora from Morgan Stanley, Graham Hunt from Jefferies LLC, and Alvaro Lenze Julia from Alantra Equities Sociedad de Valores, S.A. Michael Pinkney, the Head of Corporate Strategy and Capital Markets Strategy for HOCHTIEF Aktiengesellschaft, was also present.

During the period, HOCHTIEF made further important progress, although specific details were not provided in the paragraph. The company continues to demonstrate its commitment to delivering strong financial performance and strategic growth in the infrastructure sector.

• The update provided by Santamaria Cases during the conference call highlighted the company's strong financial performance in the second quarter of 2025, as shown by the operational net profit of €355 million, a significant year-over-year increase.
• The robust performance of HOCHTIEF Aktiengesellschaft in Q2 2025 is closely tied to its business strategy, which emphasizes strategic growth in high-potential markets like data centers and sustainable infrastructure.

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