The invention relates to a hot-briquetting or hot-compacting installation, in particular for directly reduced iron, having at least one first row (1) of presses with one or more first roll presses (2), and having at least one second row (3) of presses with one or more second roll presses (4), having at least one first cooling conveyor (7) beneath the first row (1) of presses, and a second cooling conveyor (8) beneath the second row (3) of presses, and having a plurality of material lines (6), which are assigned in each case to the individual roll presses (2, 4) and via which the briquetted or compacted material exiting from the roll presses (2, 4) is discharged to the cooling conveyors (7, 8). The material lines (6) are provided with one or more diverters (9), which can be adjusted such that the material from the roll presses (2, 4) of the first row (1) of presses and of the second row (3) of presses is discharged optionally in each case to the first cooling conveyor (7) or to the second cooling conveyor (8).