Higher Financing CostsHigher financing costs and increased payouts to minorities have led to a 7% decline in EBT per share year on year.
Leadership ChangeThe CEO, Rolf Buch, will step down at the end of the year, and the company will see a leadership change with the appointment of Luka Mucic.
Sector PerformanceShares have materially underperformed the sector, which is down some 11.5% since the announcement of substantial planned infrastructure investments.