ONE ROOF

22 Annual Report 2009
HOCHTIEF Stock
• Above-average recovery for HOCHTIEF stock
• HOCHTIEF stock at EUR 53.55 at close of year
• HOCHTIEF again listed in Dow Jones
Sustainability Indexes
• Proposed dividend of EUR 1.50 per share
Stock market
In the first three months of 2009, stock market prices
fell further, owing to the ongoing recession and the
negative prospects for the global economy. Following
on from initial action taken at the end of 2008, governments
and central banks continued their efforts to
support the economy in 2009 and initiated further
economic stimulus measures and rescue packages.
Furthermore, central banks around the world kept to
expansionary monetary policies and repeatedly cut
prime rates, in some countries to historical lows. This
helped to ease the global economic and financial crisis.
From mid-March 2009, increasingly positive business
figures and global economic data gave rise to improvements
on the stock markets. By the end of 2009, stock
markets around the world recorded significant increases
against their lows in March, driven by expectations of a
recovery in the global economy.
By the end of December, the German stock index DAX
rose to its annual high of 6,011 points, an increase of
around 64 percent compared with its low of 3,666
points in March. The DAX closed the year at 5,957
points, which was 23.9 percent higher than its closing
value on December 31, 2008.
The international stock markets showed a similar pic-
ture. The US S&P 500 climbed by 23.5 percent during
the year (65 percent compared with its low in March),
the Euro STOXX 50 by 21.1 percent and the Australian
ASX All Ordinaries by 33.5 percent (64 percent and 57
percent respectively compared with their lows in March
2009).
The Euro STOXX Construction & Materials Index,
which reflects the share price performance of the biggest
companies in the construction industry, rose by
29.7 percent compared with the start of the year. It therefore
outperformed the Euro STOXX 50, after falling with
the market by 23.8 percent between the start of the
year and the beginning of March. This development in
part reflects the fact that notably the European construction
industry benefited from state programs designed
to stimulate the economy in 2009.
Indexed performance of international stock
indexes in 2009
170
%
160
%
150
%
140
%
130
%
120
%
110
%
100
%
90 090 %
80 080 %
70 070 %
060 %
60
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
HOCHTIEF stock: Historical performance
Key figures
— MDAX
— DAX 30
— S&P 500
— Euro Stoxx 50
— ASX All Ordinaries
— Euro Stoxx Construction
and Materials
2009 2008
Number of shares Million 70.0* 70.0*
Market capitalization EUR million 3,748.5* 2,501.8*
High EUR 59.52 88.65
Low EUR 20.93 20.26
Close EUR 53.55 35.74
Shares traded
(average per day on
Xetra) 514,000 653,300
Dividend per share EUR 1.50** 1.40
Total dividends EUR million 105.0 98.0
Earnings per share EUR 2.93 2.26***
*as of year-end **proposed dividend per share ***restated
Key data on HOCHTIEF stock
ISIN DE 0006070006
Stock symbol HOT
Ticker symbol
Trading segment
Reuters: HOTG:DE, Bloomberg: HOT GY
at Franfurt Prime Standard