Bilfinger up as Q3 sales and EBITA beat forecasts

Bilfinger SE

13/11/2023 08:32

** Shares in Bilfinger  GBFG.DE  are up 3% after the German
industrial services provider reported Q3 sales and EBITA above
consensus
    ** Sales rise 4% year-on-year to EUR 1.12 billion ($1.20
billion) in Q3, while EBITA increases by more than a half to EUR
57 million
    ** A local trader says sales and EBITA beat expectations
which might act as a positive driver for shares, but adds Q3
book-to-bill below 1 could dampen this
    ** Q3 book-to-bill ratio was 0.92 vs 1.04 a year earlier
    ** The company reaffirms 2023 outlook
    ** The stock, up nearly 35% YTD, is on track for its best
day since Sept. 7

($1 = 0.9355 euros)

 (Reporting by Mateusz Dobrzyniewski)
 ((Mateusz.dobrzyniewski@thomsonreuters.com))