UPDATE 1-Hochtief sees profit gain in 2014 amid restructuring

* Sees 2014 adj net profit of 225-250 mln euros

* Analysts had seen 2014 adj net profit of 217 mln euros

* 2013 adj net profit 207.5 mln euros vs poll avg 181 mln

* Raises dividend to 1.50 euros/share vs 1.00 euro last year

* Shares indicated 1.6 pct higher

(Adds adjusted figures, forecast)

DUESSELDORF, Germany, Feb 27 (Reuters) - German construction company Hochtief HOTG.DE forecast a bigger-than-expected rise in profits this year as cost cuts bear fruit.

The group is undergoing a large-scale transformation, shedding non-core assets such as its Service Solutions business and its airport operations to focus on infrastructure construction.

Hochtief, majority owned by Spanish peer ACS ACS.MC , said on Thursday it saw its underlying net profit rising to between 225 million and 250 million euros ($307.5-341.7 million) this year after more than doubling to 207.5 million in 2013 and beating a consensus forecast of 181 million.

Analysts in a Reuters poll on average estimated the profit figure for 2014 would reach 217 million euros. News Search ID:nL6N0LT2YQ

Hochtief proposed a 50 percent increase in its 2013 dividend to shareholders to 1.50 euros per share, exceeding the 1.32 euros average of analyst estimates in the poll.

Hochtief shares have risen 18 percent in the past six months, compared to German rival Bilfinger's GBFG.DE 22 percent and the 19 percent of STOXX Europe 600 construction and materials sector index .

($1 = 0.7317 euros)

(Reporting by Matthias Inverardi and Marilyn Gerlach; Editing by Maria Sheahan and Victoria Bryan)

((marilyn.gerlach@thomsonreuters.com)(+49 69 7565 1279)(Reuters Messaging: marilyn.gerlach.thomsonreuters.com@reuters.net))

Keywords: HOCHTIEF RESULTS/