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| Bilfinger Berger reports interim results for Q3 2008 German construction giant Bilfinger Berger announced that output volume in the first nine months of the year increased by 15% to €7,845 million. Orders received were 5% below the prior-year level at €8,160 million as a result of the company's caution in the construction business. Order backlog increased by 12% to €11,773 million due to the growth of the services business. EBITA for the first nine months of 2008 increased to €160 million (9M 2007: €148 million). Earnings before taxes amounted to €140 million (9M 2007: €137 million), while net profit after taxes and minority interest increased to €90 million (9M 2007: €80 million). For full-year 2008, Bilfinger Berger anticipates growth in output volume to more than €10 billion and a further significant increase in earnings. The sale of Razel, which is expected to take effect in December, will result in a capital gain of €90 million. In total, Bilfinger Berger expects EBITA to surpass the originally projected amount of €260 million and to reach slightly over €300 million (9M 2007: €242 million). In terms of net profit in the full year, the group anticipate a rise to more than the €140 million forecast, reaching approximately €185 million (9M 2007: €134 million). The return on capital employed will also be above the prior year figure of 18.7% and will once again significantly exceed the cost of capital of 10.5%. write your comments about the article :: © 2008 Construction News :: home page |