Brief: Bilfinger Q3 Revenue Up At EUR 1.1 Bln Org

Bilfinger SE

13/11/2023 06:00

Nov 13 (Reuters) - BILFINGER SE  GBFG.DE :
    * SIGNIFICANTLY INCREASES EBITA MARGIN – STRATEGY
IMPLEMENTATION
ON TRACK – GROUP OUTLOOK FOR FULL YEAR 2023 CONFIRMED
    * Q3 ORDERS RECEIVED DOWN 5% AT €1,030 MILLION: STABLE
PERFORMANCE
AT E&M EUROPE AND TECHNOLOGIES, IN TOTAL DECREASE DUE TO
REPOSITIONING IN USA
    * Q3 EBITA MARGIN 5.1%: SIGNIFICANT INCREASE, POSITIVE
CONTRIBUTIONS FROM ALL SEGMENTS
    * Q3 REVENUE UP 7% AT €1,117 MILLION ORG.: DOUBLE-DIGIT
GROWTH AT
E&M EUROPE AND TECHNOLOGIES, DECREASE IN USA AS PLANNED
    * Q3 FREE CASH FLOW €61 MILLION: IN LINE WITH EXPECTATIONS
    * Q3 NET PROFIT €37 MILLION / EARNINGS PER SHARE €0.98:
SIGNIFICANT INCREASE
    * Q3 GROSS MARGIN 11%: IMPROVED, POSITIVE IMPACT OF
DE-RISKING IN
PORTFOLIO
    * GROUP OUTLOOK FOR 2023 CONFIRMED: REVENUE €4.3 BILLION TO
€4.6
BILLION, EBITA MARGIN 3.8% TO 4.1%
    * STORK ACQUISITION: STRENGTHENS POSITIONING IN CORE
BUSINESS IN
THE NETHERLANDS AND BELGIUM, CLOSING EXPECTED IN THE FIRST HALF
OF 2024 kj

Further company coverage:  GBFG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))