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Hochtief Shares Fluctuate After Company Raises 2026 Profit Guidance
Shares of German construction group Hochtief (DE:HOTG) experienced a volatile session on Monday, initially falling despite the company raising its profit guidance for fiscal year 2026. The stock pared most of its early losses after the announcement.
Upgraded Outlook
Hochtief announced it is raising its forecast for 2026 operational net profit to a range of €1,025 million to €1.10 billion. This represents a significant upward revision for the construction services provider.
The company highlighted a particularly strong outlook for its Turner division. Guidance for Turner's operational profit before tax was increased to between $1,400 million and $1,460 million. According to the company, this new range reflects an anticipated year-over-year increase of 35% to 40%.
AdMarket Reaction
Despite the positive forecast, Hochtief's shares initially fell by as much as 4.5% in Monday's trading. However, the stock later recovered to narrow the day's decline to approximately 1%.
Investors are awaiting further details on the company's performance. Hochtief is scheduled to publish its full half-year financial report for 2026 at 2 p.m. CEST on Monday.
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