Industrial services provider Bilfinger proposes special dividend as orders jump
11/05/2022 07:07
BERLIN, May 11 (Reuters) - Bilfinger GBFG.DE proposed a
dividend of 4.75 euros ($5.01) per share for 2022 on Wednesday,
including a special dividend of 3.75 euros, as the German
industrial services provider reported a 10% jump in orders in
the first quarter.
Orders received amounted to 1.12 billion euros in the
quarter. However, earnings before interest, taxes, depreciation
and amortization (EBITDA) stagnated at 32 million euros despite
a 15% increase in revenue to 961 million euros, the group said.
Bilfinger reported a net loss of 6 million euros for the
first quarter compared with a net profit of 10 million euros for
the same period a year earlier.
The group confirmed its 2022 outlook, anticipating
significant revenue growth and a significant increase in EBITA.
Bilfinger said it was no longer accepting new orders from Russia
in light of the Ukraine war, but it would not materially impact
performance given the low volumes involved.
($1 = 0.9485 euros)
(Reporting by Rachel More;
Editing by Vinay Dwivedi)
((rachel.more@thomsonreuters.com;))