Overall, the company has burnt €263m since the beginning of the year, of which €85m from share buy-backs and €44m from dividends. We believe that financing shareholders’ remuneration through an increase in indebtedness is a very risky move. Following this earnings release, we will increase our forecasts but keep our Sell recommendation unchanged.
14 Nov 2018
9m 18: still burning too much cash, namely €263m over nine months
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9m 18: still burning too much cash, namely €263m over nine months
Bilfinger SE (GBF:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,613m
- Published:
14 Nov 2018 -
Author:
Felix Brunotte -
Pages:
3
Overall, the company has burnt €263m since the beginning of the year, of which €85m from share buy-backs and €44m from dividends. We believe that financing shareholders’ remuneration through an increase in indebtedness is a very risky move. Following this earnings release, we will increase our forecasts but keep our Sell recommendation unchanged.