German contractor Hochtief has seen a 20% improve in turnover to €33.3bn and a 48% rise in nominal web revenue to €776m.
Saying its 2024 outcomes, chief government Juan Santamaría stated the sturdy efficiency mirrored its “main positions within the development markets of datacentres, superior know-how, power and social infrastructure”.
The corporate stated it ended the yr with an order e book of €68bn, up €12.2bn yr on yr.
It added that it had carried out its coverage of bidding for “lower-risk” contracts, which included risk-sharing mechanisms. These now account for greater than 85% of its order e book.
Round half of the corporate’s contract wins throughout 2024 associated to its “strategic development markets”.
These included a contract from Meta to construct a datacentre campus in Louisiana price greater than $10bn. Hochtief’s datacentre order backlog on the finish of 2024 stood at over €8bn, or 12% of the whole.
It additionally gained growth rights for the 700MW Cobbora Photo voltaic Farm and related large-scale battery power storage system in New South Wales.
In Europe, highlights included the €1bn Dutch A15 public-private partnership (PPP) freeway venture, the place its consortium has been named most popular bidder.
Within the UK, the corporate was awarded a multi-million-euro PPP contract to design, construct, finance and function a scholar village for Staffordshire College, and in Hong Kong, it’s executing a €2.6bn hospital growth.
Santamaría commented: “Infrastructure sector funding is present process an unprecedented, and multi-year transformation, pushed by digitalisation, demographics, decarbonisation and deglobalisation.
“Hochtief is effectively positioned as a number one infrastructure and companies supplier to satisfy the rising demand that’s being pushed by these megatrends. As well as, we’re additional increasing our presence within the value-chain to permit us to ship engaging options and create worth by making use of our engineering and development know-how, our experience as an fairness investor in addition to our operations and upkeep capabilities.”
Hochtief expects to keep up 2024’s efficiency this yr, with a revenue of between€680m and €730m.
Hochtief is managed by Spanish contractor ACS.
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