Profit before taxes rose by 47.7% to €799.8m (£658m) from the 2012 figure of €541.4m and net profit was up by 10.3% to €171.2m.
"2013 was marked by hard work, numerous changes, and visible results. We are achieving our goals,” said CEO Marcelino Fernández Verdes.
The group generated operating profit before taxes of €597.6m in 2013 following 2012’s figure of €395.1m and net profit of €207.5m exceeded expectations. The figures were adjusted for one-time items such as the impact of the disposal of the airport and service business lines at Hochtief, the disposal of the telecommunications activities at Leighton and restructuring expenses
New orders remained at a high level with €26.49bn secured compared with €31.49bn in 2012. The results report an order backlog of €39.94bn, corresponding to a 17-month forward order book.
In 2013, Hochtief also increased its stake in Leighton and now holds approximately 59%.
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