ONE ROOF

For the detailed five­year summary,
please see pages 199
and 200.
*For details on the restatements,
please see pages 142 and 143.
HOCHTIEF’s order statistics are
based on the definition by the
Central Federation of the German
Construction Industry. For
further information, please see
www.bauindustrie.de (in German
only).
42 Annual Report 2009
Orders and Work Done in 2009
Order backlog hits a new all­time high
• New orders down on high prior-year figure
• Work done again at a high level
• Order backlog well in excess of EUR 35 billion
• Forward order book of around 21 months
While new orders clearly reflect the caution in global
markets, work done is only just short of the high prioryear
figure. The order backlog even rose to a new alltime
high. On the order front, therefore, the Group remains
in a stable position.
New orders fall short of high prior-year figure
At an absolute total of EUR 22.47 billion (adjusted for
exchange rate effects: EUR 22.33 billion), the Group’s
new orders were down on the prior­year figure (EUR
25.28 billion).
The beneficiary of a market recovery in the second half
of the year, HOCHTIEF Asia Pacific was contracted to
carry out some high­volume infrastructure and mining
projects. As a result, new orders were only slightly down
on the excellent prior­year figure (by EUR 0.23 billion).
In a US market weakened by the crisis, the HOCHTIEF
Americas division fell short of the exceptional prior­year
figure. At Turner, the weak trend in the US building construction
market led to a decline in new orders of EUR
1.92 billion.
New orders
EUR billion
15.60
20.56
23.51
25.28
22.47
Work done
EUR billion
14.85
16.72
18.77
In a domestic market weakened by the financial crisis,
HOCHTIEF Europe concentrated on projects that yield
high returns. This selectivity in order taking caused new
orders in Germany to fall by EUR 0.45 billion. Internationally,
new orders surpassed the prior­year figure to
reach EUR 2.04 billion. This was due primarily to the
contract to construct an avenue of offices and shops in
Qatar more than eight kilometers in length. Worth EUR
1.3 billion, this is the largest single contract in the history
of HOCHTIEF Construction.
At HOCHTIEF Real Estate, new orders were on a par
with the previous year. HOCHTIEF Projektentwicklung
was able to lift new orders, thus offsetting the anticipated
decline at HOCHTIEF Property Management.
At HOCHTIEF Services, new orders were 15.1 percent
lower year on year. Amid the difficult conditions in the
German market (down EUR 0.23 billion) in the course
of the fiscal year, the division won fewer large projects
than in 2008. The decline was partly offset by the EUR
0.11 billion increase at international level. In European
countries outside Germany, the division won some notable
contracts.
Overall, new orders at HOCHTIEF in Germany were
down significantly year on year (by EUR 0.63 billion or
24.7 percent).
21.62* 20.56
Order backlog
EUR billion
2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009
21.10
25.13
29.89 30.96*
35.59