Information for our Shareholders

• Letter from the CEO
• Report of the Supervisory Board
• Executive Board
• Corporate Governance
• HOCHTIEF stock
• HOCHTIEF's concessions business

Management Report

• Group structure and business activities
• Markets and operating environment
• Orders and work done in 2008
• Strategy
• Sustainability
• Research and development
• Employees
• Procurement
• Measuring return on capital: Return on net assets
• Value added
• Financial review
• HOCHTIEA Aktiengesellschaft (holding company): Financial review
• Explanatory report of the Executive Board
• Segment reporting
• Corporate divisions:
• HOCHTIEF Americas
• HOCHTIEF Asia Pacific
• HOCHTIEF Concessions
• HOCHTIEF Europe
• HOCHTIEF Real Estate
• HOCHTIEF Services
• Risk report
• Looking ahead: Outlook and opportunities
• Post balance-sheet events

Financial Statements and Notes

• Contents of the HOCHTIEF Group consolidated financial statements
• Consolidated statement of earnings
• Consolidated balance sheet
• Consolidated statement of cash flows
• Consolidated statement of changes in equity
• Consolidated statement of recognized income and expense
• Declaration by the legal representatives
• Auditor's report

Notes to the Consolidated Financial Statements

• Accounting principles
• Explanatory notes to the consolidated statement of earnings
• Explanatory notes to the consolidated balance sheet
• Other disclosures
• Executive Board proposal for the use of net profit
• Subsidiaries, associates and other significant participating interests of the HOCHTIEF Group at December 31, 2008
• Boards

Referenced Information

• Index
• Glossary
• Five year summary
• Publication details and credits
• Financial calendar