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Germany's Hochtief Upgrades FY26 Operational Net Profit Guidance

MT Newswires·07/27/2026 06:52:57
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06:52 AM EDT, 07/27/2026 (MT Newswires) -- Hochtief (HOT.F) upgraded its operational net profit guidance for full-year 2026, mainly driven by the "very strong demand" of its North American-based construction services company Turner in the data center market. The German infrastructure group expects operational net profit to be between 1.03 billion euros and 1.10 billion euros, up 30% to 40% annually, and above its previous forecast of between 950 million euros and 1.03 billion euros, according to a Monday release.