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| Bilfinger Berger reports improved results Bilfinger Berger, Germany's second-largest builder, increased output volume by 12% to €2,223 million in the first three months of this year. Orders received amounted to €2,245 million, which was 11% - in constant currency terms 3% - lower than in the prior-year period. The reasons for the decrease in orders received in the construction segments was the fact that the company is currently working to full capacity and has a correspondingly hesitant approach to assuming new orders. Order backlog rose by 17% to €10,791 million. EBITA rose to €40 million (Q1 2007: €16 million). This includes a gain of €9 million realized on the previously reported sale of office buildings used by Bilfinger Berger to a real-estate investment trust. Even without this one-time effect, EBITA would still have doubled over the previous year figures. Earnings before taxes increased to €38 million (Q1 2007: €13 million). Net profit after taxes and minority interest rose to €31 million (Q1 2007: €7 million), whereby the real estate sale led to a positive tax effect of €7 million. Bilfinger Berger plans to continue its successful development in the current year with a rise in output volume and a further increase in EBITA and net profit. In 2008, the return on capital employed will again significantly exceed the cost of capital of 10.5%. write your comments about the article :: © 2008 Construction News :: home page |