- Hochtief subsidiary CIMIC incurred significant one-off costs in both 2019 and 2020.
- To avoid a loss in 2020, a 50% stake in cash cow Thiess was sold.
- Hochtief actively managed the risk profile and expects to grow operational net profit in 2021.
- The stock price more than halved since 2017, but traded sideways for the past year indicating it has bottomed out.
- The current price of €77 generates an 5% dividend yield and offers an attractive entry point for the long-term investor.
For further details see:
Hochtief: Take A Long-Term View And Enjoy The 5% Dividend