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| Bilfinger Berger reports interim results In the first nine months of 2009, output volume and orders received at Bilfinger Berger reached levels broadly equivalent to those of the prior-year period. Despite a market environment that remains difficult, the services units once again increased their contribution to group earnings. Bilfinger Berger has achieved an important success in the expansion its services business. The acquisition of MCE, a provider of industrial and power services, further strengthens the leading position of the company's Industrial Services and Power Services divisions in Europe. The takeover remains subject to merger clearance from the European Commission. Bilfinger Berger intends to reduce its construction business with an output volume of approximately €6 billion in 2008 to a level of around €2 billion in the mid-term. In this regard, the group is exploring the potential initial public offering of its activities in Australia. In the current year, Bilfinger Berger Australia will achieve an output volume of around €2.6 billion. Due to the increasing importance of European markets for Bilfinger Berger, preparations have been made to transform the Company into a European stock corporation. A resolution to that effect will be presented to the Annual General Meeting in April 2010. In the first nine months, output volume remained stable at €7,841 million. The volume of orders received was unchanged at €8,140 million. The order backlog of €10,992 million at the end of September was 7 percent below the level of the previous year. This was primarily due to the sale of the French construction subsidiary, Razel, at the end of 2008. For financial year 2009, Bilfinger Berger expects output volume to exceed €10 billion. The group anticipates an EBIT between €210 million and €230 million, while net profit is likely to be in the range of €110 million to €120 million. write your comments about the article :: © 2009 Construction News :: home page |