|
contents | business | |||||||||
| Bilfinger Berger reports preliminary 2008 financial results German construction giant Bilfinger Berger concluded the 2008 financial year with clear increases in both output volume and earnings. EBIT rose by 30 percent to €298 million (2007: €229 million). Net profit grew by 49 percent to €200 million (2007: €134 million). Despite significant investment activity, the end-year cash and marketable securities remained at a high level of €720 million (2007: €796 million). At €357 million (2007: €325 million), cash flow from operating activities exceeded the very good figure from the previous year. A record year was recorded in the concessions business, with the portfolio growing by six to a total of 24 projects. At the end of the year, commited equity had risen to €291 million (2007: €161 million), and equity paid-in to project companies increased to €101 million (2007: €71 million). EBIT improved to €9 million (2007: minus €2 million). Based on current assessments of future economic development, Bilfinger Berger expects output volume in the range of €10 billion in the financial year 2009. The company believes that EBIT and net profit will at least maintain the prior year's level, after adjustment for the exceptional items of €250 million and €140 million respectively. write your comments about the article :: © 2009 Construction News :: home page |