Key information: • Adjusted EBITA loss €14m. • Net profit of €-55m vs €-80m in Q1 16. • Adjusted net profit of €-12m vs €-13m in Q1 16. • Orders received and output volume fell by 8%. • Order backlog down by 10%. • Management expects FY adjusted EBITA margin to improve by 100bp. • Bilfinger sees FY mid to high single-digit organic decrease in volume. • Adjusted operating cash flow improved significantly to €-13m vs €-8
16 May 2017
Rather disappointing quarter, valuation remains on the high side
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Rather disappointing quarter, valuation remains on the high side
Bilfinger SE (GBF:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,613m
- Published:
16 May 2017 -
Author:
Felix Brunotte -
Pages:
3
Key information: • Adjusted EBITA loss €14m. • Net profit of €-55m vs €-80m in Q1 16. • Adjusted net profit of €-12m vs €-13m in Q1 16. • Orders received and output volume fell by 8%. • Order backlog down by 10%. • Management expects FY adjusted EBITA margin to improve by 100bp. • Bilfinger sees FY mid to high single-digit organic decrease in volume. • Adjusted operating cash flow improved significantly to €-13m vs €-8