Bilfinger has published its Q2 20 results. It has observed a decline of 15% in new orders received and a 29% decline in revenues organically. Given that the Oil & Gas market continues to be in trouble, Bilfinger may struggle with receiving new orders, especially for large projects. However, the Hinkley Point contracts will partly offset this. For the full year, Bilfinger has reiterated its outlook announced at the time of the Q1 results.
14 Aug 2020
Q2 20: HP contracts to offset new order decline going forward
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 20: HP contracts to offset new order decline going forward
Bilfinger SE (GBF:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,613m
- Published:
14 Aug 2020 -
Author:
Sejal Varshney -
Pages:
3
Bilfinger has published its Q2 20 results. It has observed a decline of 15% in new orders received and a 29% decline in revenues organically. Given that the Oil & Gas market continues to be in trouble, Bilfinger may struggle with receiving new orders, especially for large projects. However, the Hinkley Point contracts will partly offset this. For the full year, Bilfinger has reiterated its outlook announced at the time of the Q1 results.