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| Bilfinger Berger reports interim results German construction group Bilfinger Berger's output volume in the first six months of the year increased by 13% to €4, 948 million. Order backlog rose by 11%, achieving a new record level of €11, 292 million. Orders received of €5, 253 million were lower than in the first half of 2007 due to major projects acquired during that period. EBITA for the first half of the year reached €60 million (H1 2007: €78 million) following the charge on earnings of €65 million in the Civil business segment. Earnings before taxes amounted to €52 million (H1 2007: €71 million). Net profit after taxes and minority interest amounted to €36 million (H1 2007: €41 million). In full-year 2008, Bilfinger Berger expects output volume to increase to over €10 billion. The company anticipates, from today's perspective, an increase in EBITA to approximately €260 million (2007: €242 million) and in net profit to approximately €140 million (2007: €134 million). The return on capital employed (ROCE) will significantly exceed the cost of capital of 10.5%. write your comments about the article :: © 2008 Construction News :: home page |