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BRIEF-Hochtief Updates On BICC Strategic Review, Impact On 2019 Financial Results And Dividends

Published 23/01/2020, 10:48 am
© Reuters.  BRIEF-Hochtief Updates On BICC Strategic Review, Impact On 2019 Financial Results And Dividends
HOTG
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Jan 22 (Reuters) - Hochtief AG HOTG.DE :

* DGAP-ADHOC: HOCHTIEF AKTIENGESELLSCHAFT: UPDATE ON BICC STRATEGIC REVIEW AND IMPACT ON 2019 FINANCIAL RESULTS AND DIVIDENDS

* CIMIC GROUP HAS COMPLETED A STRATEGIC REVIEW OF ITS FINANCIAL INVESTMENT OF A NON-CONTROLLING 45% INTEREST IN BIC CONTRACTING

* CIMIC GROUP SAYS EXCLUDING BICC IMPACT, CIMIC EXPECTS TO REPORT NET PROFIT AFTER TAX (NPAT) FOR 2019 OF AROUND AUD 800 MILLION, IN LINE WITH ITS 2019 GUIDANCE

* HOCHTIEF EXPECTS TO REPORT A 2019 NOMINAL NET PROFIT, EXCLUDING BICC IMPACT, OF APPROXIMATELY EUR 625 MILLION

* HOCHTIEF EXPECTS TO REPORT AN OPERATIONAL NET PROFIT FOR 2019 OF AROUND EUR 660 MILLION

* ‍HOCHTIEF'S MANAGEMENT INTENDS TO PROPOSE DIVIDEND FOR FY 2019 OF EUR 5.8 PER SHARE​

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