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| Second quarter 2018: Bilfinger completes stabilization phase In the second quarter of the current financial year, industrial services provider Bilfinger substantially increased orders received, revenue and earnings. Adjusted EBITA amounted to €12 million (previous year: -€43 million), net profit was €12 million (previous year: -€7 million). Revenue (+6% / organically +10%) and orders received (+15% / organically +21%) were both up considerably as compared to the prior year. Orders received thus increased for the fifth consecutive quarter. CEO Tom Blades: "We continued to improve our operating performance. We have achieved the milestones that were set for the stabilization and have now completed this phase of Strategy 2020. The increase in orders received clearly shows that we have taken the right steps in our strategic positioning, supporting profitable growth in the build-up phase." Bilfinger confirms the outlook for financial year 2018. Organic growth in orders received will be in the mid single-digit percentage range. Revenue development will be organically stable to slightly growing. write your comments about the article :: © 2018 Construction News :: home page |