SYDNEY - [AAP] Construction major CIMIC Group (ASX: CIM) has reaffirmed its full year profit guidance after lifting third-quarter profit by 20 per cent.

It reported net profit of $178.2 million for the September quarter, taking nine months profit to $501 million.

Revenue for the three months ended September 30 also rose 21.9 per cent to $3.3 billion.

The company said it secured orders worth $4.5 billion in the three-month period, and at the end of September held work-in-hand worth $35.7 billion, equivalent to more than two years revenue.

"We remain positioned to meet our 2017 guidance supported by the diverse nature of our operations and markets, and our proven experience in growing sectors," executive chairman Marcelino Fernandez Verdes said.

CIMIC has previously outlined guidance for full-year net profit between $640 million and $700 million, an increase of 10 to 21 per cent from the previous year.

The company expects solid contributions from the construction, mining and services sectors to support its positive outlook.

"Relevant to CIMIC, there is nearly $23 billion of tenders to be bid and awarded in the remainder of 2017, and nearly $385 billion of projects are coming to the market in 2018 and beyond," chief executive Adolfo Valderas said.

CIMIC, which is 73 per cent owned by Germany's Hochtief, which in turn is controlled by Spanish construction giant ACS, separately announced that Mr Valderas would move to a role with the Spanish parent.

He will be replaced from December 1 by current deputy chief executive Michael Wright, who has previously worked in the group's Theiss unit as well as in CIMIC's China and Mongolia businesses.

ACS group executive Ignacio Segura has been appointed as CIMIC's the new deputy chief executive and chief operating officer.

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