The report highlights the close relationship between economic, environmental, and community aspects, together with their influence on the success of the company's business. The report also follows the Global Reporting Initiative (GRI) and serves as the company's report on progress in implementing the UN Global Compact principles. Specific highlights from the year include: the company achieved a nominal net profit from continuing operations of EUR 427 million and a net cash position of EUR 618 million; The company's order book remained resilient at EUR 45.8 billion at the end of the reporting period; the company secured new orders worth EUR 23.1 billion in 2020; the company successfully sold 50% of its subsidiary, Thiess, to funds advised by Elliott Advisors (UK) Limited; the company's subsidiaries completed the sale of BICC; the company successfully implemented the European Single Electronic Format (ESEF), which has been required in the EU since 2020; and the company achieved a strong liquidity position of EUR 5.4 billion further supported by undrawn credit facilities of EUR 2.1 billion.
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Hochtief AG 2020 Combined Annual Financial and Sustainability Report
Issuing Company Hochtief AG
Report Type Integrated Report
Report Language EN
Report Filesize 26.85 MB
No. of Pages 283 pages
Reporting periodJanuary 1-December 31, 2020
Report EditionUnknown
Assurance Provider KPMG AG Wirtschaftsprüfungsgesellschaft
Reporting Standards GRI; SASB; UNSDGs
Materiality Assessmenttrue