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Indexed performance of HOCHTIEF stock in 2009<br />
The price of HOCHTIEF stock climbed by EUR 17.81<br />
(49.8 percent) over the course of 2009, closing the year<br />
at EUR 53.55. The stock reached its annual high of<br />
EUR 59.52 in mid-October, an increase of 184.4 percent<br />
compared with the annual low of EUR 20.93 in March.<br />
The MDAX—which is the benchmark for HOCHTIEF<br />
and which comprises the 50 largest shares from more<br />
classic sectors—in addition to the DAX values, increased<br />
by 34 percent in 2009.<br />
After a year of relatively high sales in 2008, HOCHTIEF<br />
stock benefited from the incipient market recovery to a<br />
much greater extent than corresponding benchmark<br />
indices in 2009. This was due to sustained stability in<br />
its operating results, a high level of new orders despite<br />
the economic crisis, and a positive outlook for future<br />
business performance. Our services cover the entire<br />
life cycle of projects worldwide and we offer end-to-end<br />
solutions from design, financing and construction through<br />
to maintenance and operation. This strategy sets us<br />
apart from the competition. HOCHTIEF’s broad international<br />
presence is also valued by our investors and<br />
opens up above-average growth opportunities to the<br />
Group worldwide, including in connection with government<br />
economic stimulus programs. The Group-wide<br />
forward order book of approximately 21 months and<br />
the continued high level of new orders are evidence of<br />
this.<br />
❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘<br />
Absolute performance and trading volumes of<br />
HOCHTIEF stock in 2009<br />
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.<br />
170<br />
%<br />
60<br />
60<br />
59.52<br />
57.96<br />
160<br />
%<br />
150<br />
%<br />
— HOCHTIEF<br />
— MDAX<br />
55 55<br />
54.51<br />
55.40<br />
53.55<br />
140<br />
% — DAX 30<br />
50 50<br />
49.98 50.00 50.28<br />
50.98<br />
130<br />
%<br />
45 45<br />
120<br />
%<br />
110<br />
%<br />
40 40<br />
36.25<br />
37.09<br />
39.30<br />
37.07<br />
42.21<br />
41.51<br />
100<br />
%<br />
35 35<br />
090 90%<br />
080 80%<br />
30 30 28.85 28.74<br />
29.45<br />
32.83<br />
31.99<br />
33.27<br />
070 70%<br />
25 25<br />
23.80<br />
060 60%<br />
20 20 21.33 20.93<br />
The average daily trading volume in the reporting period<br />
was 514,000 shares (2008: 653,300 shares), a decrease<br />
of 21.3 percent (2008: increase of 17.4 percent). This<br />
puts the annual share turnover based on a total number<br />
of shares in free float of 45.5 million at 286.9 percent.<br />
HOCHTIEF is listed in the Prime Standard segment on<br />
the Frankfurt Stock Exchange and is a component of<br />
the MDAX index, in which it ranked fourth with a<br />
weighting of 4.11 percent (2008: fourth).<br />
Weighting of HOCHTIEF stock (December 31, 2009)<br />
Weighting Rank Stock in<br />
index<br />
MDAX 4.11 4 50<br />
Dow Jones Euro<br />
STOXX<br />
Dow Jones Euro<br />
STOXX Construc-<br />
0.10 174 313<br />
tion & Material<br />
Dow Jones STOXX<br />
2.27 11 21<br />
Sustainability<br />
Dow Jones Euro<br />
STOXX Sustain-<br />
0.09 124 154<br />
ability 0.18 66 84<br />
MSCI World 0.01 1,193 1,656<br />
� HOCHTIEF stock: Month range<br />
(based on end-of-day<br />
prices) (EUR)<br />
— End-of-day prices (EUR)<br />
Annual Report 2009 23
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