The report highlights the HOCHTIEF Group's performance in 2023, emphasizing its robust financial performance, a strong order backlog, and its commitment to sustainability. The company's sales increased by 10% to EUR 27.8 billion, accompanied by a stable operating margin. Operational net profit rose by 11% to EUR 553 million, at the top end of the guidance range provided at the beginning of 2023. The HOCHTIEF Group achieved strong cash generation in 2023. Underlying cash flow from operating activities of EUR 1.45 billion represented an increase of EUR 236 million year on year. The report provides an overview of the HOCHTIEF's sustainability strategy, including its commitment to climate neutrality by 2045, its focus on reducing greenhouse gas emissions, and its efforts to promote a circular economy.
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Hochtief AG 2023 Combined Financial and Sustainability Report
Issuing Company Hochtief AG
Report Type Integrated Report
Report Language EN
Report Filesize 37.66 MB
No. of Pages 390 pages
Reporting periodJanuary 1 to December 31, 2023
Report EditionUnknown
Assurance Provider Deloitte GmbH Wirtschaftsprüfungsgesellschaft
Reporting Standards GRI; UNSDGs; EU Taxonomy Regulation; others
Materiality Assessmenttrue