Hochtief secures Mongolia contracts. Hochtief stock sits 35.70 percent below its high

Published on 10/23/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit rose 35.00 percent to EUR 480.00 million in the first half. Hochtief stock costs EUR 356.10 on October 23, 2026, 0.08 percent below EUR 356.40, the Xetra close.

Operations and earnings dates

On October 22, 2026, Thiess won two five-year Mongolia contracts expected to create more than 110 roles.
First-half operational net profit rose 35.00 percent to EUR 480.00 million.
Hochtief stock trades at EUR 356.10 at 10:31 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.08 percent below the Xetra close of October 22, 2026.

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Hochtief stock was trading at EUR 356.10 at Lang & Schwarz on October 23, 2026, at 10:31 a.m. CEST, minus 0.08 percent versus the Xetra close of October 22, 2026 at EUR 356.40. The latest operating signal came from Thiess, which won two five-year mining services contracts in Mongolia on October 22, 2026, according to MarketScreener.

Two contracts expand Thiess operations

The Mongolia awards cover underground mining at the Rio Tinto-managed Oyu Tolgoi mine and asset management at the Ukhaa Khudag mine. The Oyu Tolgoi work is expected to create more than 110 roles, with the workforce projected to reach almost 800 people by the end of the contract term, according to the same October 22, 2026 release.

What does the backlog mean for earnings?

The operating backdrop is already substantial. Hochtief's first-half 2026 operational net profit rose 35.00 percent to EUR 480.00 million, while revenue reached EUR 20.10 billion, according to Investing.com. The same report put the order backlog at EUR 85.00 billion, up 23.00 percent year over year, and new orders at EUR 31.50 billion, up 25.00 percent on an exchange-rate-adjusted basis.

Three milestones shape the next test

On July 27, 2026, Hochtief reported second-quarter earnings per share of EUR 3.42 versus EUR 2.30 a year earlier, according to finanzen.ch. On October 20, 2026, a Berlin museum project was reported with an expected revenue contribution of EUR 70 million. On October 22, 2026, the Thiess contracts added more than 110 expected roles. Together, the milestones show a pipeline that investors will soon compare with reported earnings.

Next reporting date is November 5

Hochtief's next scheduled reporting date is November 5, 2026, when the company is expected to publish its third-quarter results, according to Boerse Express. That report will test whether the EUR 85.00 billion backlog and EUR 31.50 billion of new orders are translating into further profit growth.

Stock remains below its yearly high

At EUR 356.10, the stock was 35.70 percent below its 52-week high of EUR 554.00 and above its 52-week low of EUR 242.40. Hochtief's market capitalization was EUR 26.8 billion as of October 23, 2026.

The further course of trading is shown by the continuously updated real-time quote of Hochtief stock.