Hochtief: The Data Center Boom Leads to an Upgrade in Forecast!

The stock of Hochtief broke out of consolidation this week, positioning itself near the 52-week high, and that in a weak market environment. Now the company provides the reason why the stock is in demand and has a P/E ratio of 22, representing a premium valuation compared to other construction stocks. The operating profit is expected to be between €750 million and €780 million instead of €680 million to €730 million. This would mean an increase in earnings of 20-25% compared to the previous year. A strong performance, which is the result...