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Solid Q1 profit increase and strong new order growth: guidance confirmed read more (Hochtief AG)

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(Source: Hochtief AG) Operational net profit increased by 19% to EUR 72 million; strong margin increase Nominal net profit of EUR 63 million 22% higher than Q1 2015 Operational PBT margin up significantly by 60 basis points to 3.6% Free cash flow from operations improved by EUR 149 million year on year Underlying net cash increase of EUR 327 million year on year Strong new order growth and positive trend in order book New orders up 31% year on year to EUR 6.3 billion Order backlog robust at EUR 37 billion, up 3% year to date adjusted for f/x effects Strong tender pipeline for 2016 and beyond Guidance for 2016 confirmed Operational net profit expected to be between EUR...

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