Bilfinger slumps as Q4 provisions are set to impact EBITA
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))