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| Bilfinger Berger announces record results for 2007 German construction giant Bilfinger Berger improved its performance once again in financial year 2007 and achieved new record results. "Our earnings again increased at a higher rate than our output volume – for the third time in succession", said Herbert Bodner, Chairman of the Executive Board at Bilfinger Berger during the Company's Annual Press Conference on March 17, 2008 in Mannheim. The group's output volume increased by 16% to €9,222 million. The share of output volume generated in international markets was 67%, the domestic construction business contributed 16% to the total while the share accounted for by the services business in Germany was 17%. Orders received and order backlog both rose significantly compared to the prior year figures. EBITA increased by 34% to €242 million and net profit was up by 46% to €134 million. Return on capital employed rose from 16.3% to 18.7%. This led to an increased value added of €126 million. Positive earnings and an exceptional level of advance payments led to an unusual increase in cash flow from operating activities to €325 million. In the current year, Bilfinger Berger plans growth in output volume and another increase in EBITA and net profit. write your comments about the article :: © 2008 Construction News :: home page |