Results of the joint-stock company HOCHTIEF CZ for 2016

2016 can be regarded as a successful year, for the company attained a growth in nearly all key indicators. In the situation when both of the main construction segments – building construction and civil engineering – are characterized by a low volume of contracts and a fierce competition depressing the profit margins to the minimum, the company reached an EBT of CZK 159 million, which compared to 2015 is a twofold increase. Receipts from sale of products and services of the company dropped from CZK 5.9 billion in 2015 to CZK 5.1 billion in 2016. What is worth mentioning is also the equity capital value, which as of 31 December 2016 amounted to CZK 1.127 billion. The average recalculated headcount in 2016 was 1,009. “In 2016, HOCHTIEF CZ strengthened its market position both in the Czech Republic and in Slovakia. We met the set strategic targets, one of which was, for instance, expanding the portfolio of key accounts by clients from the automotive segment. The company was further able to optimize and upgrade its in-house production resources,” a member of the Executive Board of HOCHTIEF CZ responsible for the economy, Jörg Mathew, assesses the situation.

What we find important moments of last year is acquisition of the contract of Reconstruction of the State Opera in Prague, completion of construction of the Czech Institute of Informatics, Robotics and Cybernetics for the Czech Technical University in Prague and commencement of construction of a new headquarters of ČSOB in Prague.  

Overview of the main economic indicators of the company in 2016

                                                                   in MCZK

Detailed economic results and audited financial statements will be published in the Company Report 2016.

The Company Report will be available for downloading on the web pages of HOCHTIEF CZ on the address www.hochtief.cz.