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Hochtief - statistics & facts
Hochtief is the largest and most prominent construction company from Germany. It has a very strong presence abroad and a large backlog of orders that was worth over 55 billion euros in 2023. In 2010, Hochtief came under the control of the Spanish construction group Grupo ACS, and in 2013, ACS finally acquired over 50 percent of the company’s shares. In 2023, ACS had the ownership of 75.7 percent of Hochtief's shares.
Although the 2020 pandemic, the rise in construction costs, and other challenges that the construction industry has faced in the past years affected the German company, Hochtief has remained as one of the leading contractors in the United States and other markets.
The US and Australia represent the biggest markets for Hochtief
Even though the revenue of the German company has fluctuated significantly in the past years, it has remained a very international company that performed most of its activities abroad. Particularly, the United States and Australia were very relevant, as those were the countries from which Hochtief generated most of its revenue in 2023. In the United States, Hochtief was one of the largest general construction companies under its Turner Corporation subsidiary. Meanwhile, the CIMIC Group generated the majority of Hochtief's revenue in Australia. Despite the company's finances and profit having remained mostly in shape, the number of employees of Hochtief has decreased a lot between 2012 and 2023. During that period, the value of the work done by the company has remained relatively stable in the past decade. In the years immediately following 2013 and 2019, the sales revenue of Hochtief decreased significantly, but it eventually recovered, reaching even higher values.Hochtief has a solid global presence
The German construction company has been involved in high-profile projects in Germany, such as the Tunnel Bad Cannstatt in Stuttgart and the Elbphilharmonie in Hamburg. However, the company has also been involved in the construction of the SoFi Stadium in Los Angeles, the Ruskin dam in Canada, as well as parts of the Sydney metro. By 2023, Hochtief had also been involved in 966 certified green building projects in the Americas alone.Although the 2020 pandemic, the rise in construction costs, and other challenges that the construction industry has faced in the past years affected the German company, Hochtief has remained as one of the leading contractors in the United States and other markets.
