Bilfinger slumps as Q4 provisions are set to impact EBITA

Bilfinger SE

09/11/2022 10:29

** Shares in Bilfinger  GBFG.DE  slump 13% after the German
industrial services provider said its expects to report its
full-year EBITA significantly lower than a year before
    ** Bilfinger said it would launch an efficiency improvement
program, with one of costs at 60 mln euros to hit Q4 result
    ** Its EBITA reached 121 mln euros in 2021
    ** Bilfinger shares are at the bottom of Germany's smallcaps
index  .SDAXI 
($1 = 0.9938 euros)
 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))