HOCHTIEF Third Quarter 2022 Earnings: Beats Expectations

HOCHTIEF (ETR:HOT) Third Quarter 2022 Results

Key Financial Results

• Revenue: €7.20b (up 35% from 3Q 2021).
• Net income: €115.0m (up 15% from 3Q 2021).
• Profit margin: 1.6% (down from 1.9% in 3Q 2021). The decrease in margin was driven by higher expenses.
• EPS: €1.53 (up from €1.46 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HOCHTIEF Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Construction industry in Europe.

Performance of the market in Germany.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for HOCHTIEF that you should be aware of.

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