(Source: Hochtief AG) HOCHTIEF achieved a strong performance in the third quarter of 2016 with an acceleration in the growth rate of profits, cash flow and new orders supported by a strengthened balance sheet. 'The consolidation of our strategy provides the basis for our further improved operational performance and positions us well for the future,' said CEO Marcelino Fernández Verdes. Operational net profitrose by 45% year on year in Q3 2016 to EUR 89 million leading to a nine-month result of EUR 249 million, up 31% on the corresponding period of 2015. Nominal net profit in the first three quarters rose by 48%...
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