Hochtief stock gains as raised 2026 profit guidance meets strong order backlog

Published on 09/18/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hochtief stock trades higher on September 18, 2026, after the group lifted its 2026 operating profit guidance on the back of a record EUR 84.8 billion order backlog. First-half 2026 revenue rose to EUR 20.1 billion with operating net profit up 35 percent.

Fotorealistischer Blick auf HOCHTIEF AG Brückenbau mit Kränen im Sonnenuntergang — HOCHTIEF AG Brückenbau-Großprojekt DE0006070006 zeigt Kräne und Betonstützen bei Sonnenuntergang über dem Fluss, Illustration mit AI erstellt.

Hochtief stock (ISIN DE0006070006) was trading higher on September 18, 2026, with indications around EUR 395.60 on Xetra, putting the construction group’s shares up about 0.8 percent for the day and roughly 17.4 percent year to date per data at 09:31 CET.Placera The price action comes as Hochtief benefits from a raised 2026 operating profit guidance backed by a record order backlog and solid first-half figures.Aktiencheck

Guidance raised on strong first-half figures

In the first half of 2026, Hochtief increased operating net profit by 35 percent to EUR 480 million, while revenue rose 10 percent to EUR 20.1 billion compared with the prior year period, underscoring a solid operating trend.Aktiencheck Order intake in the same period jumped 25 percent to EUR 31.5 billion, leaving the group with a record order backlog of EUR 84.8 billion that effectively secures revenue for the coming years.Ad-hoc-news

On this basis, management raised its outlook and now expects operating profit for 2026 in a range between EUR 1,025 million and EUR 1,100 million, implying growth of 30 to 40 percent compared with the previous year’s operating result.Ad-hoc-news For investors, the combination of double-digit revenue growth, a sharply higher operating net profit and a strengthened guidance provides visibility on earnings momentum into 2026.

Second-quarter earnings and dividend expectations

The positive first-half trend was already visible in the second quarter of 2026, when Hochtief earned EUR 3.42 per share, up from EUR 2.30 a year earlier, on revenue of EUR 10.74 billion, an increase of about 13.7 percent from EUR 9.45 billion in the prior-year quarter.Ad-hoc-news The earnings per share jump of more than 48 percent highlights the operating leverage in the business as projects progress and margins benefit from scale.

According to coverage cited by Ad-hoc-news, analysts expect full-year 2026 earnings of EUR 14.45 per share, reflecting confidence that the higher guidance is achievable. The dividend for fiscal year 2025 was EUR 6.60 per share, and forecasts point to a rise to EUR 9.03 per share for 2026, which would represent an increase of about 36.8 percent and signal that management expects sustained strong cash generation.Ad-hoc-news

Order pipeline, Autmatec deal and stock reaction

The robust numbers are underpinned by a busy order pipeline across Hochtief’s global operations. In early September 2026, group company Leighton Asia secured a data center project in India, while UGL, another subsidiary, obtained a multi-year engineering and asset management contract for a bulk liquid storage terminal network in Australia, with Quantem as client.Ad-hoc-news Australian subsidiary CIMIC’s CPB Contractors unit was also selected for the Kwinana Freeway Upgrade project, adding another large infrastructure job to the backlog.Ad-hoc-news

At the same time, part of the recent volatility in Hochtief stock has been linked to its announced acquisition of Autmatec, a German specialist in power transmission. According to Ad-hoc-news, the shares shed about 9.5 percent following the disclosure roughly two weeks ago, and the transaction is still progressing through merger control at the German competition authority. That creates a counter-factor: while Autmatec broadens Hochtief’s capabilities in power infrastructure, investors are weighing integration risks and regulatory timing against the otherwise positive earnings trajectory.

Recent trading range and technical picture

Despite the improved guidance, Hochtief stock has traded below recent highs. On September 17, 2026, the shares closed around EUR 395.40 on Xetra, marking a gain of 2.0 percent in that session, after starting the day at EUR 388.00 and reaching an intraday high of EUR 399.00.Finanzen.ch A separate overview shows the stock recently trading at EUR 398.20, up 3.81 percent on the day, with the share still about 12.05 percent lower than a week earlier and down 12.69 percent over the past month, even though it is up 14.44 percent since the start of the year.Wallstreet-Online

Technical commentary from Ad-hoc-news notes that at around EUR 390.60 the share price recently sat about 7.4 percent below its 200-day moving average, a sign that the medium-term trend has tilted lower despite the fundamentally strong backdrop. More short-term trading saw the stock change hands at EUR 391.00, up 1.9 percent after a prior close at EUR 383.60, indicating that some investors are using dips to re-enter while the broader market remains cautious.Aktiencheck

Hochtief stock price as of September 18, 2026

As of September 18, 2026, Hochtief stock’s primary listing on Xetra was indicated at about EUR 395.60 in morning trading, with an intraday move of 0.8 percent and year-to-date performance of roughly 17.4 percent, according to a European movers overview at 09:31 CET.Placera For investors, the key question is whether the raised 2026 operating profit guidance and the record EUR 84.8 billion backlog will be enough to offset concerns around the Autmatec acquisition and recent share price volatility.