Brief: Bilfinger Q1 orders up 10%

Bilfinger SE

11/05/2022 06:00

May 11 (Reuters) - 
    * BILFINGER SAYS Q1 ORDERS RECEIVED €1,117 M/+10% ORG.:
HIGHEST
SINGLE QUARTER SINCE Q2 2019
    * BILFINGER SAYS OUTLOOK FOR 2022: CONFIRMED
    * BILFINGER SAYS EBITA €9 M/0.9% MARGIN: GROSS MARGIN
CONTINUES TO
IMPROVE, STABLE EBITA DESPITEPROVISIONS FOR RUSSIAN PHASE-OUT
    * BILFINGER SAYS DIVIDEND PROPOSAL OF €1.00 PLUS SPECIAL
DIVIDEND
OF €3.75 PER SHARE
    * BILFINGER SAYS FREE CASH FLOW -€76 M: GROWING BUSINESS AND
SEASONALITY LEADS TO HIGHER WORKING CAPITALREQUIREMENTS
    * BILFINGER SAYS IN VIEW OF THE WAR IN UKRAINE, BILFINGER
DECIDED
EARLY NOT TO ACCEPT ANY NEW ORDERS FROM RUSSIA, EXISTING
CONTRACTS WILL BE PHASED OUT
    * BILFINGER SAYS GIVEN THE LOW VOLUMES IN RUSSIA, WITH LOCAL
SALES
TOTALING AROUND €10 MILLION IN 2021, THIS WILL NOT MATERIALLY
IMPACT THE GROUP’S REVENUE OUTLOOK FOR 2022 OR BEYOND


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 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))