Hochtief AG

Hochtief is a holding company. Through its subsidiaries, Co. operates as a construction company engaged in projects in the transportation, energy, and social and urban infrastructure sectors as well as contract mining. Co. provides its services through three divisions: HOCHTIEF Americas, which encompasses the construction activities of operational units in the U.S and Canada; HOCHTIEF Asia Pacific, which includes the construction activities and contract mining in the Asia-Pacific region; and HOCHTIEF Europe, which designs, develops, builds, operates, and manages real estate and infrastructure, with primary business in Europe as well as selected other regions.
  • Ticker607000
  • ISINDE0006070006
  • SectorConstruction & Materials
  • CountryGermany

Analysts

Alexandre Iatrides ...
  • Benoit Valleaux
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/24/2019

...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : H1 2019: seeing through the sound and fury

We expect H1 2019 to be broadly tough going, due to base effects and volatile weather conditions. We are maintaining our sector hierarchy, with pre-announcement profit taking potentially allowing investors to reposition cheaply on the materials sector while construction/concessions could offer a safe haven. Saint-Gobain and Eiffage remain our Top Picks. - >Materials: climate change is the new normal - We expect H1 2019 to be broadly tough going, with climate change ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Un S1 2019 dans le bruit et la fureur

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - >Matériaux : le dérèglement climatique comme nouvelle norme - ...

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/05/2019

...

François Maury ...
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/05/2019

...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : H1 2019: seeing through the sound and fury

We expect H1 2019 to be broadly tough going, due to base effects and volatile weather conditions. We are maintaining our sector hierarchy, with pre-announcement profit taking potentially allowing investors to reposition cheaply on the materials sector while construction/concessions could offer a safe haven. Saint-Gobain and Eiffage remain our Top Picks. - >Materials: climate change is the new normal - We expect H1 2019 to be broadly tough going, with climate change ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Un S1 2019 dans le bruit et la fureur

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - >Matériaux : le dérèglement climatique comme nouvelle norme - ...

François Maury ...
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/05/2019

...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Opportunities on Eiffage despite a disappointing Q2

>Q2 2019: a challenging base effect - After particularly dynamic Q1 numbers (Eiffage’s sales rose by 15.9% and those of Vinci by 9.6% o/w +11.6% and +5.9%, respectively, on an organic basis), Q2 2019 may appear somewhat lacklustre. We are forecasting growth of 4% and 6.6% respectively, impacted by (i) a slowdown/decline in motorway traffic (-1.4% for APRR and +0.3% for Vinci Autoroutes) and (ii) more limited growth for the contracting business.In Q2, motorway tra...

François Maury ...
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/07/2019

...

A director sold 172 shares at 168.000EUR and

A director at Hochtief Ag sold 172 shares at 168.000EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/24/2019

...

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/05/2019

...

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/07/2019

...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/21/2019

Two weeks ago, it seemed rational to tilt our allocation more towards cyclicals and away from defensives (macro, expensive nature of the growth/quality theme). Alas! Donald Trump has gotten involved, rekindling volatility and considerably reducing visibility. What can we do when the search for security is once again pushing yields down, which is favourable for long-term sectors, often synonymous with quality but too expensive? Favour the cash flow/distribution trade combined with an a...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/05/2019

Il y a 15 jours, colorer de manière plus cyclique, moins défensive, son allocation paraissait rationnelle (macro, cherté de la thématique qualité croissance). Las ! D Trump est passé par là réveillant la volatilité et diminuant considérablement la visibilité. Que faire alors que la recherche de sécurité pousse de nouveau les rendements à la baisse ce qui est favorable aux secteurs à duration longue souvent synonyme de qualité mais trop chers ? Favoriser le couple cash-flow / distribut...

Ibrahim Firdaus

Hochtief

HOCHTIEF AG sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of HOCHTIEF AG (DE), active in the Heavy Construction industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 133.10 and its target price was estimated at EUR 118.13.

Ibrahim Firdaus

Hochtief

Ibrahim Firdaus

Hochtief

Ibrahim Firdaus

Hochtief

Expert Corporate Governance Service (ECGS)

Hochtief - AGM 07 May 2019

Item 4: We have serious concerns regarding the structure of remuneration granted to Management Board members and the level of disclosure on executive compensation which we consider as below market practice: The Supervisory Board may adjust the overall target achievement with regard to the variable compensation and grant additional bonuses at its sole discretion, while the utilisation of these powers in previous financial years was only disclosed with a one-year delay. Furthermore, the caps on total remuneration and on each variable component remain undisclosed and the performance targets for t...

HOCHTIEF – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 10/05/2017

Item 4: We have serious concerns regarding the structure of remuneration granted to Management Board members and the level of disclosure, which we consider as below market practice: The Supervisory Board may discretionarily adjust overall target attainment with regard to the variable compensation and grant additional bonuses at its sole discretion, while the utilisation of these powers is only disclosed with a delay of one year. Furthermore, the caps on total remuneration and on each variable component remain undisclosed and the performance criteria for the total variable compensation and its ...

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