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which was established in 2008, is a key partner for<br />
successfully tapping this growing market segment.<br />
Sustainable green building<br />
We see sound prospects for expanding HOCHTIEF’s<br />
business in the uptick in demand for green building<br />
projects. In light of rising energy prices, there is increasing<br />
recognition that investment in resource-friendly and<br />
environmentally friendly buildings pays off. HOCHTIEF<br />
identified the trend toward sustainable construction<br />
early on and has played a decisive role in shaping the<br />
market. We are driving forward the development of<br />
sustainable construction and management models and<br />
all modules in our product range cover this market segment.<br />
This expertise puts HOCHTIEF in an excellent<br />
position to benefit from this high-volume market segment,<br />
which is growing in the USA in particular. Our US<br />
subsidiary Turner is the market leader with numerous<br />
new and finished projects.<br />
Energy efficiency and renewable energies<br />
We offer specific services in many parts of the company<br />
that actively promote climate protection. Through<br />
our subsidiary HOCHTIEF Energy Management, we already<br />
provide attractive offers in the energy contracting<br />
and energy management segments. HOCHTIEF aims<br />
to benefit from the promising market for building refurbishment<br />
to improve energy efficiency in Germany as<br />
well as internationally. These services can be combined<br />
optimally with the product and service spectrum<br />
of HOCHTIEF Construction, HOCHTIEF Facility Management<br />
and HOCHTIEF Property Management in the<br />
areas of construction, revitalization and real estate<br />
management. Through our commitment to geothermal<br />
energy and offshore wind energy, we also have superior<br />
positioning in the growth market for renewable energies.<br />
The newly formed company Beluga HOCHTIEF<br />
Offshore is our response to the increasing demand for<br />
special-purpose vessels for construction of offshore<br />
wind farms.<br />
❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘<br />
Forward-looking statements<br />
This annual report contains statements related to the<br />
future performance of the HOCHTIEF Group and its<br />
companies as well as to economic and political developments.<br />
These statements represent estimates we<br />
made on the basis of a thorough review of all information<br />
available to us at the time of going to print. If the<br />
underlying assumptions prove false or additional risks<br />
arise, actual results may differ materially from those<br />
currently expected. Thus we are unable to guarantee<br />
the statements made here.<br />
Post-balance-sheet<br />
events<br />
There were no material events to report between<br />
the close of fiscal 2009 and the editorial deadline for<br />
this annual report.<br />
Declaration on<br />
corporate<br />
governance<br />
The Declaration on Corporate Governance is<br />
available on the Internet at<br />
www.hochtief.com/corporategovernance.<br />
Annual Report 2009 123