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HOCHTIEF was founded under the name of "Gebrüder Helfmann, Bauunternehmer" in 1873 by the brothers Philipp and Balthasar Helfmann in Bornheim near Frankfurt am Main. On April 1, 1884, the construction company was entered into the trade register of Frankfurt am Main as a general partnership (OHG). After the death of Balthasar, Philipp Helfmann wanted to turn the company into a stock corporation. Formally, the stock corporation "Aktiengesellschaft für Hoch- und Tiefbauten" founded by Philipp Helfmann in 1896 acquired the company "Gebrüder Helfmann, Bauunternehmer". In 1924, the company was renamed "HOCHTIEF Aktiengesellschaft für Hoch- und Tiefbauten vorm. Gebr. Helfmann". You can find further information on HOCHTIEF's chronicle here.
At the end of 2016 HOCHTIEF employed 51,490 people worldwide.
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HOCHTIEF is represented in all the world's key markets: In the USA the world's biggest construction market HOCHTIEF is the No. 1 General Builder via its subsidiary Turner. In Australia, the Group with its participating interest CIMIC is market leader. In an international comparison, the company takes second place in the Top 250 International Contractors (Engineering News Record Ranking 2016).
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Please click here for an Engineering News-Record ranking of the Top global construction companies
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For HOCHTIEF as an international construction services provider, conserving the natural environment is a key priority. After all, our activities throughout the world affect the environment both directly and indirectly. We aim to save resources and minimize environmental impact in all phases of our projects.
Environmental protection and occupational safety have been actively integrated into all of our business processes since the early 1990s. In 2003, HOCHTIEF introduced a Group-wide corporate directive on environmental protection, health and safety. It is based on the international environmental management standard ISO 14001 and outlines minimum requirements which must be met by all corporate divisions.
In recognition of this commitment, HOCHTIEF received the 2005 B.A.U.M. Environmental Award in the business category from the German Enviromental Management Association. Since 1993, this award has been presented in recognition of environmental managers, scientists and journalists from throughout Germany who have proven deserving on the basis of their outstanding commitment to integrated environmental management and ecological innovations.
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As a corporate citizen, HOCHTIEF engages in regular dialog with society. Economic success on the one hand and social responsibility on the other hand are the guidelines for our corporate policy. HOCHTIEF's Guiding Principles explicitly state sustainability as a key element of our philosophy and we are committed to a code of conduct defining the ethical and moral principles of our business activities.
HOCHTIEF shapes living and working spaces and shows commitment through support programs, funding and sponsorships. We integrate the local community into our daily work as much as possible and support the local economy and culture. We engage in an open dialog with our stakeholdes and actively provide information about our activities. So far we are the only company in the German construction market to regularly publish a sustainability report.
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HOCHTIEF Aktiengesellschaft went public in the 1920s. Detailed documentation on the goinig public is not available.
The HOCHTIEF share is a no-par-value share with an arithmetical value of EUR 2.56.
The capital stock is EUR 164.6 million. It is divided into 64.3 million no-par-value shares with an arithmetical value of EUR 2.56 of the capital stock.
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The Annual General Meeting, on May 10, 2017, decided that the unappropriated net profit of HOCHTIEF Aktiengesellschaft for 2016 in the amount of EUR 167,180,000.00 be used as follows: Distribution of a dividend of EUR 2.60 for each no-par-value share with dividend entitlement for 2016: EUR 167,044,430.80 Net profit brought forward: EUR 135,569.20. The dividend is payable on July 6, 2017. Please click here for information on the dividends of prior years.
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Since 1999, HOCHTIEF has prepared the annual financial statements in line with the International Accounting Standards (IAS). Since the Interim Report at June 30, 2004, HOCHTIEF has prepared the financial statements in accordace with those International Financial Reporting Standards (IFRS) whose application was mandatory at the time. The comparative prior-year figures in the 1999 Annual Report were restated according to the IAS with retroactive effect.
The consolidation principles remain unchanged from December 31, 2003, with the following exception: HOCHTIEF has already applied the new rules in IAS 36 "Impairment of Assets" (revised 2004), IAS 38 "Intangible Assets" (revised 2004) and IFRS 3 "Business Combinations" with retroactive effect to January 1, 2004.
You can find information on the publication of our quarterly and annual reports in the Financial Calendar.
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