ONE ROOF

Internationally, new orders fell by 9.6 percent, an abso­
lute decline of EUR 2.18 billion. The proportion of new
orders generated at international level now stands at 91.5
percent.
The vast majority of the HOCHTIEF Concessions divi­
sion’s holdings are not fully consolidated. The high
volume of new orders at the Al Habtoor Leighton Group
is also not included due to equity­method consolidation.
These statistics therefore exclude some of the
high­volume new orders.
Work done at a high level in spite of the crisis
Group work done in fiscal 2009 fell short of the very
high prior­year figure (EUR 21.62 billion). At EUR 20.56
billion, it was down 4.9 percent year on year. Adjusted
for exchange rate effects—primarily against the US dollar
and the Australian dollar—it was 5.6 percent lower.
The decline was due primarily to the weak building con­
struction business in the USA and Germany. In abso­
lute terms, work done in these segments dropped by
EUR 1.88 billion. This trend was partly offset by positive
contributions from Leighton’s infrastructure and contract
mining projects in the Asia­Pacific region, with the
rise amounting to EUR 1.0 billion.
In Germany, HOCHTIEF Concessions increased work
done on current PPP projects. Both in Germany and
internationally, all the other divisions failed to match the
prior­year figures.
In Germany, work done amounted to EUR 2.28 billion
(2008: EUR 2.82 billion), a decline of 19 percent. In international
markets, the Group recorded work done of
EUR 18.28 billion, 2.8 percent less than in the previous
year.
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At 88.9 percent, the international share of Group work
done clearly illustrates HOCHTIEF’s international orientation.
New orders in the reporting period exceeded Group
work done in 2009 by EUR 1.91 billion, as a result of
which the order backlog continued to grow.
Order backlog reaches new all-time high
The order backlog by far exceeded the EUR 35 billion
mark. It rose by EUR 4.63 billion to an absolute total of
EUR 35.59 billion, thus exceeding the prior­year figure
(EUR 30.96 billion) by 15 percent. In addition to the effects
from new orders and work done, the rise was due
primarily to a positive exchange rate effect against the
Australian dollar. Adjusted for exchange rate effects,
the order backlog would still have been clearly higher
year on year at EUR 31.15 billion.
Whereas the order backlog in Germany declined by
10.8 percent in 2009 compared with the previous year,
at international level it rose by 18.3 percent. The increase
in the backlog was mainly the result of Leighton’s
extremely good business performance and a
positive exchange rate effect from the Australian dollar.
Based on the current annual work done figure, the
Group has a forward order book of around 21 months.
New orders by region
Asia/Pacific/Africa 60.3 %
Americas 25.6 %
Germany 8.5 %
Eastern Europe 3.6 %
Rest of Europe 2.0 %
100% = EUR 22.47 billion
Work done by region
Asia/Pacific/Africa 48.4 %
Americas 33.2 %
Germany 11.1 %
Eastern Europe 4.0 %
Rest of Europe 3.3 %
100% = EUR 20.56 billion
Order backlog by region
Asia/Pacific/Africa 64.9 %
Americas 20.1 %
Germany 9.0 %
Eastern Europe 2.4 %
Rest of Europe 3.6 %
100% = EUR 35.59 billion
Annual Report 2009 43