Brief: Bilfinger SE Q2 Orders Received Up At EUR 1,085 Million

Bilfinger SE

14/08/2023 06:00

Aug 14 (Reuters) - BILFINGER SE  GBFG.DE :
    * Q2 ORDERS RECEIVED UP 1% AT EUR 1,085 MILLION: +6% IN E&M
EUROPE, +32% IN TECHNOLOGIES SEGMENT BALANCES OUT DECREASE IN
E&M INTERNATIONAL DUE TO US RESTRUCTURING
    * Q2 GROSS MARGIN 10.4% VERSUS PRIOR-YEAR PERIOD: 9.9%
    * Q2 EBITA MARGIN 3.9% VERSUS PRIOR-YEAR PERIOD: 3.0%
    * OUTLOOK FOR 2023 CONFIRMED: REVENUE EUR 4.3 BILLION TO EUR
4.6
BILLION, EBITA MARGIN 3.8% TO 4.1%
    * Q2 GROUP REVENUE UP 4% (ORGANICALLY 6%) AT EUR 1,120
MILLION
VERSUS PRIOR YEAR: EUR 1,078 MILLION
    * H1 ORDERS RECEIVED UP  ORGANICALLY BY 14% AT EUR 2,470
MILLION
VERSUS PRIOR YEAR: EUR 2,225 MILLION
    * Q2 GROSS PROFIT UP 9% AT EUR 116 MILLION VERSUS PRIOR
YEAR: EUR
107 MILLION
    * Q2 FREE CASH FLOW AT - EUR 46 MILLION VERSUS PRIOR YEAR:
EUR 19
MILLION
    * Q2 NET PROFIT IMPROVED AT EUR 30 MILLION VERSUS PRIOR
YEAR: EUR
19 MILLION
    * OUTLOOK FOR 2023: FREE CASH FLOW TO BE BETWEEN EUR 50
MILLION
AND EUR 80 MILLION (2022: EUR 136 MILLION)
    * Q2 EBITA UP AT EUR 43 MILLION VERSUS PRIOR YEAR: EUR 32
MILLION

Further company coverage:  GBFG.DE 

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