Bilfinger shares slide as profitability disappoints

Bilfinger SE

11/05/2022 11:05

** Shares of German construction and engineering group
Bilfinger  GBFG.DE  are down 4% after the company posted its
quarterly figures  urn:newsml:reuters.com:*:nS8N2V000A
    ** The company's sales of EUR 961 mln surprised to the
positive, while EBITA margin declined year-on-year to 0.9% and
came in below Vara consenus of 1.6%
    ** "Low profitability should disappoint slightly," a local
trader said before the market open
    ** The company said it booked provisions of about EUR 10 mln
in Q1 related to the phase-out of the Russian business
    ** The stock is almost at the bottom of German small-caps
index  .SDAXI 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))