Essen, August 9 – German construction conglomerate Hochtief has reported a significant 35% surge in its operating net profit for the first half of 2026, reaching 480 million euros. This robust performance, driven by high demand in digital infrastructure and strong contributions from its subsidiaries, has led the company to raise its full-year profit guidance. The firm’s order backlog also hit a new record of 84.8 billion euros.
Record Order Backlog and Strong US Performance Drive Growth
Hochtief’s revenue for the first six months of the year climbed by 10% to 20.1 billion euros. Order intake saw a substantial increase of 25% on a currency-adjusted basis, totaling 31.5 billion euros. Consequently, the order backlog reached an unprecedented 84.8 billion euros, marking a 23% increase.
In light of these developments, Hochtief has revised its operating net profit forecast for the full year 2026 to a range of 1.025 to 1.100 billion euros, up from the previous target of 950 million to 1.030 billion euros. A key driver of this growth is the company’s US subsidiary, Turner, which is now projected to achieve an operating pre-tax profit of 1.40 to 1.46 billion US dollars, representing a 35% to 40% increase year-on-year.
Focus on Technology and Industrial Infrastructure Projects
The company’s expansion is largely supported by major projects in critical future-oriented sectors. According to media reports, orders in the data center segment have more than doubled over the past twelve months. A recent success includes a contract from NTT Global Data Centers for the construction of a 36-MW data center in Berlin. Construction is slated to begin this summer, with the first data halls expected to be operational by 2028.
Concurrently, Hochtief is securing significant projects in the industrial sector. On June 3, the company announced a contract from SachsenEnergie for the construction of a river water treatment plant in Dresden. This multi-million euro project aims to secure water supply for the semiconductor industry in the region starting in 2030. Furthermore, Hochtief’s subsidiary, Sedgman, is active in the battery raw materials sector, having secured a contract for a lithium project in Alberta, Canada.
Strategic DAX 40 Positioning and Market Performance
Hochtief’s financial strength is also reflected in its capital market standing. On June 22, Hochtief was admitted to the DAX 40 index, replacing Porsche Automobil Holding SE. The company currently boasts a market capitalization of 33.86 billion euros. Since the beginning of the year, the stock has seen a 35.45% increase in value. It has significantly recovered from its 52-week low of 195.00 euros, recorded on August 7, 2025.
Prior to its inclusion in the index, several insider transactions occurred in May as part of compensation programs. CEO Juan Santamaria Cases sold shares worth 595,732 euros at a price of 457.20 euros under a long-term incentive plan. Other board members, including Martina Steffen and Ángel Manuel Muriel Bernal, also received allocations at this price level, subject to a three-year lock-up period. Investors are now looking forward to November 5, when Hochtief will release its detailed figures for the first nine months of the fiscal year.
Expert Analysis: Buy or Sell Hochtief Stock?
A new analysis from August 9 suggests urgent action for Hochtief shareholders. The latest figures provide clear insights into whether to buy or sell. For more information, please refer to the detailed analysis.
Note: Parts of this article were generated using Artificial Intelligence and reviewed by editors before publication. The information provided on Börse Express does not constitute investment or financial advice and is not intended as such. The information is for informational purposes only. For individual financial advice, please consult a qualified financial advisor. Börse Express excludes any claims for recourse.
