Cash flow (de)generation remains a source of worry, especially since the company has maintained its dividend policy and the share buy-backs. At the 2017 burn rate, Bilfinger has a year and a half to turnaround. Moreover, adjustments everywhere but no communication on EBITDA is, in our opinion, a shame. EBITDA according to non-adjusted figures was €13m… compared with €12m in 2016 using the same calculation process. Little progress made on this key metric, despite an 18% reduct
19 Feb 2018
FY17: Some progress, but cash flow (de)generation and EBITDA remains a worry
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FY17: Some progress, but cash flow (de)generation and EBITDA remains a worry
Bilfinger SE (GBF:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,613m
- Published:
19 Feb 2018 -
Author:
Felix Brunotte -
Pages:
3
Cash flow (de)generation remains a source of worry, especially since the company has maintained its dividend policy and the share buy-backs. At the 2017 burn rate, Bilfinger has a year and a half to turnaround. Moreover, adjustments everywhere but no communication on EBITDA is, in our opinion, a shame. EBITDA according to non-adjusted figures was €13m… compared with €12m in 2016 using the same calculation process. Little progress made on this key metric, despite an 18% reduct