Reconciliation of profit from operating activities to operating earnings (EBITA)
| (EUR thousand) | Q1 2010 | Q1 2009 (restated)* |
|---|---|---|
| Profit from operating activities | 62,054 | 89,110 |
| + Net income from participating interests | 88,897 | 58,304 |
| - Non-operating earnings | (+) 0 | (+) 0 |
| + Interest credited | 325 | 3,725 |
| Operating earnings(EBITA) | 152,276 | 161,140 |
Undiluted and diluted earnings per share
| Q1 2010 |
Q1 2009 |
|
|---|---|---|
| Consolidated net profit (EUR thousand) | 34,076 | 38,614 |
| Number of shares in circulation (weighted average) | 65,544,315 | 65,500,247 |
| Earnings per share (EUR) | 0.51 | 0.58 |
Earnings per share can become diluted as a result of potential shares (mainly stock options and convertible bonds). HOCHTIEF's share-based payment arrangements do not have a dilutive effect on earnings. Consequently, diluted and undiluted earnings per share are identical.
Responsibility Statement
To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group for the remaining months of the fiscal year.
Essen, April 27, 2010 The Executive Board Dr. Lütkestratkötter Dr. Lohr Dr. Noé Dr. Rohr Dr. Stieler