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| Bilfinger Berger announces good start to year Bilfinger Berger, Germany's second largest builder, started the 2010 financial year with a good first quarter. Output volume and orders received were at the prior-year level while order backlog further increased. Output volume and orders received remained stable in the first three months of this year at €1,773 million and €2,122 million respectively. The order backlog of €8,941 million at the end of March was 6 percent higher than a year earlier. EBIT from continuing operations more than doubled to €49 million (Q1 2009: €23 million), EBIT including discontinued operations rose to €79 million (Q1 2009: €43 million). The net interest expense increased to €9 million (Q1 2009: €7 million). Earnings after taxes from continuing operations amounted to €26 million (Q1 2009: €8 million). In addition, discontinued operations delivered earnings after taxes of €22 million (Q1 2009: €15 million). Net profit increased to €48 million (Q1 2009: €23 million). Bilfinger Berger's continuing operations generated output volume of €7.7 billion in 2009, with EBIT of €173 million and net profit of €80 million. For the year 2010, the Company anticipates growth in output volume along with disproportionately high increases in EBIT and net profit. write your comments about the article :: © 2010 Construction News :: home page |