Hochtief stock reports a higher 2026 profit target

Published on 09/29/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hochtief stock delivered EUR 480 million in first-half operating net profit, up 35 percent, while the 2026 target range rose to EUR 1.10 billion. Xetra trading stood at EUR 394.40 on September 28.

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 (ISIN DE0006070006) stock was trading at EUR 394.40 on Xetra on September 28, 2026, down 0.71 percent from the previous close of EUR 397.20. The central company signal is a higher 2026 operating net profit target of EUR 1.025 billion to EUR 1.10 billion, compared with the previous EUR 950 million to EUR 1.025 billion range.

Profit target moves higher

According to Boerse Express on September 22, 2026, Hochtief lifted its 2026 operating net profit target after a stronger first half. Operating net profit rose 35 percent to EUR 480 million, while first-half revenue reached EUR 20.1 billion.

The comparison matters because the upper end of the target increased by EUR 75 million. The same report puts first-half order intake at EUR 31.5 billion, up 25 percent on a currency-adjusted basis, and the project backlog at EUR 84.8 billion.

Backlog supports visibility

That backlog gives Hochtief a substantial base for coming quarters, but execution remains the key operating test. The group is exposed to complex infrastructure work across North America, Australia and Europe, where project timing, costs and contract terms can affect margins even when order volumes remain high.

The company also has a dated catalyst ahead. Investing.com lists November 5, 2026, as Hochtief's next earnings date. That report should show whether the higher target is being supported by revenue growth, operating profit and cash generation in the second half.

Analyst target remains above price

Investing.com records Deutsche Bank's Hold rating and EUR 477.00 price target from August 12, 2026. The target is EUR 82.60 above the September 28 Xetra price, a difference of 20.94 percent.

The market data add a valuation counterweight to the operating momentum. Hochtief's market capitalization stood at EUR 29.7 billion on September 28, 2026, while the 52-week range was EUR 217.40 to EUR 554.00. The stock therefore remained 28.81 percent below its 52-week high.

Hochtief stock trades below yearly high

Hochtief stock was last at EUR 394.40 on Xetra on September 28, 2026, at 11:28 a.m. CEST. The snapshot showed a daily range of EUR 391.70 to EUR 404.00 and volume of 19,810 shares, leaving the next earnings report as the clearest scheduled test of the raised target.