Bilfinger Berger sees FY services ops EBITA up; CEO satisfied with Q1 ops UPDATE |
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Wed, 21 Mar 2007 13:09
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(Adds CEO comments on Q1 in headline, from 1st paragraph )MANNHEIM, Germany (AFX) - Bilfinger Berger AG chief executive Herbert Bodner said he is satisfied with business developments in the first quarter, after the company announced it expects its Services division to achieve a higher EBITA and output in 2007, and to grow both organically as well as through acquisitions.Speaking at the annual results news conference, Boder said he is 'not unhappy' so far with first quarter developments, without giving further details.The company's annual report said the division posted a 28 pct rise in output in 2006 to 2.881 bln eur, with EBITA improving 37 pct year-on-year to 123 mln eur from 90 mln in 2005.Its Civil Construction division also expects output and earnings in 2007 will improve after posting 2.9 bln eur in output in 2006, up 8 pct from 2005. EBITA however fell to 43 mln eur from 50 mln eur the previous year.The Civil Construction division will focus on its core business in Australia and wants to 'participate highly in the positive development of civil construction' in Australia, it added.It also plans to expand its position in the Gulf region, it said.Bilfinger Berger said this year's output in its Building and Industrial division is expected to be unchanged from the 2006 level, but that EBITA is expected to improve further this year after it swung to a profit of 22 mln in 2006 from a loss of 14 mln in 2005.The division's output last year was 2.069 bln eur, down from 2.08 bln in 2005, with incoming orders 3 pct lower.The company did not provide forecasts for its Concessions division, which made an EBITA loss last year of 4 mln eur compared with a profit of 4 mln in 2005, and saw a 12 pct decline in its project numbers.patrizia.kokot@thomson.compk/mog/jlw/cmlCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Bilfinger Berger FY net up to 92 mln eur, in line with forecasts 