First half year 2016: HOCHTIEF increased profits, margins, and order backlog read more (Hochtief AG)

(Source: Hochtief AG) Operational net profit increased to EUR 160 million (up 25% year on year); Q2: EUR 88 million, up 29% year on year Nominal net profit at EUR 140 million, 30% higher than first half of 2015 Operational PBT margin up by 60 basis points to 3.5%, with all divisions showing improvements Net cash from operating activities at EUR 312 million in Q2 and EUR 974 million in last twelve months Consistently converting profit into cash; last twelve months EBITDA with 90% cash conversion rate Further improvement of capex management: net capex reduced by EUR 47 million year on year et cash stands at EUR 113 million; improvement of EUR 88 million quarter on quarter Net...