October 31, 2019 / 1:05 PM / 19 days ago

Hochtief confirms outlook after third-quarter

BERLIN (Reuters) - Germany’s Hochtief <(HOTG.DE)> on Thursday confirmed its 2019 guidance for operating net profit after posting a 8.8% revenue growth in the third quarter, thanks to an international construction boom.

Third-quarter operating net profit was up 37.3% at 181.1 million euros ($202.09 million), the company said, adding that its order backlog increased by 11.5% to 50.5 billion euros in the same period.

Reporting by Riham Alkousaa; Editing by Tassilo Hummel

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