May 10, 2019 / 10:05 AM / 2 months ago

Hochtief posts 25% increase in first-quarter operating profit

FILE PHOTO: A worker of German construction company Hochtief stands next to the company's logo at a construction site in Essen, western Germany March 8, 2016. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - Germany’s Hochtief on Friday said it expected operating profit of between 640 to 680 million euros ($718.98 million - $763.91 million) in 2019 as the construction company’s operating profit rose by 25% in the first quarter.

Sales rose by 5% to 5.7 billion euros adjusted for currency effects, the company said in first-quarter results that were briefly posted on the website before being removed.

A spokesman for the company said he could not confirm that these were the final results for the quarter.

Reporting by Matthias Inverardi, writing by Riham Alkousaa, Editing by Michelle Martin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below