HOCHTIEF delivers solid half-year figures and further progress on strategy more (Hochtief AG)

(Source: Hochtief AG) Press Release Embargoed until 07:00 a.m. (CET) on July 31, 2014 HOCHTIEF delivers solid half-year figures and further progress on strategy  Improving cash flow trend o Working capital outflow meaningfully reduced by EUR 340 m o Substantial operating Capex reduction of EUR 255 m  Positive development in operational earnings in all divisions o EBT: EUR 296 m; up 11% vs. EUR 267 m in H1/2013 o Operational net profit: EUR 116 m; up 38% vs. EUR 84 m  Reported net profit EUR 100.5 m compared to EUR 126 m in H1/2013 (EUR 84 m plus EUR 42 m one-off effects)  Net debt EUR 400 m down year on year  New orders up 5% (like-for-like) o Stable order backlog at around EUR 40 bn ...