Bilfinger SE

GBFU

Equity

ISIN US09003Q1004 / Valor 19754518

Deutsche Boerse AG (2024-12-23)

EUR 8.95%

Bilfinger SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Bilfinger SE, known by its Valor number 19754518, is a publicly traded company. The stock of the company is available through the stock provider Deutsche Boerse AG. As of 23.12.2024, the current price of the stock is EUR 8.95. The latest price change for this stock is 0%, which reflects the market’s response to various factors such as company performance, industry trends, and global economic conditions. The company has been evaluated by users of Umushroom, and has received a rating of 0 stars.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

In the financial year 2023, Bilfinger SE experienced a notable increase in revenue, reporting a 7 percent rise to €4.5 billion. This growth is attributed to robust demand for Bilfinger's services across various industries and regions, demonstrating the company's strong market presence and operational effectiveness.

Profitability Enhancement

Bilfinger SE's EBITA margin saw a significant improvement, climbing from 1.8 percent to 4.3 percent in 2023. This increase in profitability reflects the successful implementation of strategic initiatives aimed at enhancing operational efficiency and cost management within the company.

Dividend Increase

Reflecting the strong financial performance in 2023, Bilfinger SE has proposed to increase the dividend from €1.30 to €1.80 per share at the upcoming Annual General Meeting. This adjustment corresponds to a payout ratio of approximately 58 percent of the adjusted net profit, aligning with the company's dividend policy of distributing between 40 percent and 60 percent of its adjusted net profit.

Strategic Acquisitions

In September 2023, Bilfinger SE signed an agreement to acquire parts of the Stork Group from Fluor Corporation. This strategic acquisition, which includes operations primarily in the Netherlands, Belgium, Germany, and the US, involves more than 2,700 employees and is expected to generate around €500 million in revenue, significantly bolstering Bilfinger's service capabilities and market reach.

Financial Outlook for 2024

Looking ahead to 2024, Bilfinger SE projects its revenue to be between €4,500 million and €4,800 million, with an anticipated EBITA margin of 4.9 percent to 5.2 percent. These projections are based on the ongoing benefits from the efficiency program, organic growth, and strategic initiatives aimed at derisking the business. The forecast does not include the potential impacts from the acquisition of Stork, expected to close in the first half of 2024.

Summarized from source with an LLMView Source

Key figures

18.9%1Y

40.8%3Y

%5Y

Performance

42.3%1Y

42.3%3Y

42.3%5Y

Volatility