Hochtief rises as it exceeds 2009 targets; Vienna profits down, but more optimistic for 2010
Shares in German engineering and construction giant (and airport investor) Hochtief led the way up yesterday, jumping 4.8% upon the release of the company’s financial report for the 12 months ended 31-Dec-2009 Chairman of the Hochtief Executive Board informed the company “attained or exceeded” all targets it had set. Hochtief reported a consolidated net profit increase of 24.5% year-on-year to EUR195.2 million.
