Construction: 70%
Services: 20%
Development: 10%

TOP 3 Markets:
USA: 45%
Australia: 30%
Germany: 15%

HOCHTIEF Aktiengesellschaft generates the majority of its revenue from construction, which represents its core competence. Services and development projects also contribute significantly to the total revenue, but to a lesser extent.

The USA is the largest single market for HOCHTIEF, attributed to extensive infrastructure projects and a strong presence through subsidiaries like Turner Construction. Australia follows as the second largest market, supported by the activities of CIMIC Group, another subsidiary. Germany remains an important market, but with a smaller share compared to international activities.

Production Sites: Worldwide, with a focus on Europe, North America, and Australia.

HOCHTIEF Aktiengesellschaft is a leading construction company that offers its services and projects worldwide. The company itself does not produce physical products in the traditional sense, but offers construction and engineering services. HOCHTIEF's main markets include Europe, North America, and Australia, where it operates through its subsidiaries such as Turner Construction, Flatiron, and CIMIC Group.

This geographical diversification enables HOCHTIEF to carry out construction projects on different continents and adapt to local market conditions.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Profit Growth: Forecasted 4-6% annually (2025-2027)

HOCHTIEF Aktiengesellschaft pursues a strategy aimed at sustainable growth and international expansion. The company focuses on expanding its activities in the areas of infrastructure, energy, and environmental technologies to benefit from global trends in urbanization and the energy transition.

An essential part of the growth strategy is the increased use of digital technologies and innovations to achieve efficiency gains and cost savings. This includes the use of Building Information Modeling (BIM) and other digital tools to plan and implement projects more efficiently.

In addition, HOCHTIEF relies on strategic partnerships and acquisitions to further expand its market presence in key markets such as North America and Asia. These measures are intended to position the company in a competitive environment and ensure long-term stable returns.

Main imported raw materials/materials: Steel, concrete, copper, aluminum

Countries of origin: China, Germany, USA, Australia

HOCHTIEF Aktiengesellschaft is a leading construction company that carries out a variety of projects worldwide. For these projects, the company imports various raw materials and materials. Steel and concrete are central materials in construction and are needed in large quantities. Copper and aluminum are also important, especially for electrical installations and infrastructure projects.

China is one of the largest exporters of steel and aluminum, which is why HOCHTIEF often sources these materials from this country. Germany and the USA are also significant trading partners, especially for high-quality construction products and technologies. Australia is an important supplier of raw materials such as copper, which is needed in many construction projects.

By diversifying the countries of origin, HOCHTIEF can increase supply security and benefit from price advantages.

Competitive Advantage: Moderate to Strong (2025)

HOCHTIEF Aktiengesellschaft is one of the leading construction companies worldwide and has established a solid competitive advantage through its global presence and diversification. The group benefits from its strong market position in Europe, North America, and Australia, giving it access to a variety of projects and markets.

A key competitive advantage of HOCHTIEF is its ability to manage complex infrastructure projects, supported by strong technical expertise and years of experience. Furthermore, the company has strengthened its market position through strategic partnerships and acquisitions.

However, HOCHTIEF also faces intense competition, especially from other global construction companies that also have significant resources and expertise. To maintain its competitive advantage, HOCHTIEF must continuously invest in innovations and efficiency improvements.

Institutional investor share: approx. 70% (2025, estimated)

Insider purchases/sales: No significant transactions in the last quarter (2025)

The institutional investor share in HOCHTIEF Aktiengesellschaft is estimated to be around 70%, indicating the trust of large investment funds and institutional investors in the company. These investors typically appreciate the stability and growth potential of the company.

There were no significant insider transactions in the last quarter, suggesting that the management and other insiders currently do not expect any major changes in the company's valuation or strategy. This can be interpreted as a sign of stability and confidence in the current corporate leadership.

Market share of HOCHTIEF: Estimate 5% (2025)

Top competitors and their market shares:

1. Vinci SA: Estimate 10%
2. ACS Group: Estimate 9%
3. Bouygues SA: Estimate 8%
4. Skanska AB: Estimate 7%
5. Fluor Corporation: Estimate 6%
6. HOCHTIEF AG: Estimate 5%
7. Bechtel Corporation: Estimate 4%
8. Ferrovial SA: Estimate 4%
9. Larsen & Toubro: Estimate 3%
10. Balfour Beatty: Estimate 3%

MOAT of HOCHTIEF:

HOCHTIEF has a moderate moat, mainly supported by its strong presence in the USA and Australia, as well as its subsidiaries like Turner Construction and CIMIC Group. This geographical diversification provides some protection against market fluctuations in individual regions.

Compared to its competitors, Vinci SA has a stronger moat, underpinned by its comprehensive infrastructure and concession projects. The ACS Group also benefits from a broad international presence and a strong position in infrastructure development.

HOCHTIEF must compete against these strong competitors, who often have larger financial resources and a broader portfolio of services. Nevertheless, HOCHTIEF can gain competitive advantages through its specialized expertise in certain markets and projects.

Revenue growth: 8.5% (2024)
Order backlog: 51 billion euros (2024)
EBITDA growth: 6.2% (2024)

HOCHTIEF Aktiengesellschaft recorded a revenue growth of 8.5% in 2024. This indicates a solid business development, supported by strong demand in its core markets.

The order backlog of 51 billion euros shows that the company has a robust pipeline of future projects. This provides a certain level of security regarding future revenues and cash flows.

The EBITDA growth of 6.2% in 2024 highlights the company's ability to increase its operational efficiency and improve profitability. These key figures suggest that HOCHTIEF is in a good position to benefit from the ongoing demand in the construction and infrastructure market.

In summary, HOCHTIEF's financial performance shows a positive trend, making the company a potentially attractive investment. However, investors should also consider other factors such as market conditions, geopolitical risks, and corporate strategies before making a final decision.

Dividend yield: 4.5% (estimated for 2025)
Dividend continuity: High reliability over the past years

HOCHTIEF Aktiengesellschaft has pursued a consistent dividend policy in recent years. The company is known for regularly distributing dividends to its shareholders. The current dividend yield is around 4.5%, which is competitive compared to other companies in the construction and infrastructure sector.

The reliability of HOCHTIEF's dividend payments is supported by a stable financial performance and a solid order backlog. The company has also paid dividends in economically challenging times in the past, indicating a strong financial foundation and good management.