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HOCHTIEF reports strong net profit increase in 2016 and expects further growth read more

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Nominal net profit rose to EUR 321 million (+54%); Operational net profit increased to EUR 361 million, +37% yoy Operational PBT margin at 3.4%, +60bps yoy Earnings per share +60% yoy Net cash flow from op. activities at EUR 1.2 billion Significant positive cash flow contribution from all divisions Outstanding EBITDA cash conversion of 106% Net cash at EUR 704 million Adjusted for net investments, dividends and share buybacks, net cash would be EUR 1.7 billion Order backlog increased by +20% yoy to EUR 43.1 billion Order backlog at highest level in 4 years New orders at EUR 24.8 billion, +15% yoy Positive sales trend continues: Q4 sales +9% yoy Proposed dividend increase of 30% to EUR 2.60...

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