Bilfinger rises on improved Q2 order intake

Bilfinger SE

13/08/2024 07:54

** Shares of Bilfinger  GBFG.DE  rise around 3% in early
Frankfurt trade after the German industrial services provider
posted Q2 results above expectations
    ** A local trader says Q2 is a clear improvement, with an
order intake of 1.5 billion "far better than hoped"
    ** Q2 order intake rose 20% organically YOY, with a
book-to-bill ratio of 1.16
    ** The trader also pointed to Bilfinger's confirmed guidance
for FY 2024
    ** Bilfinger's stock is up 38.6% YTD

 (Reporting by Bernadette Hogg)
 ((bernadette.hogg@thomsonreuters.com))