Report
Chaima Ferrandon ...
  • Sven Edelfelt

Bilfinger : A refreshing CMD

>2023 set to be driven by the first benefits of the efficiency programme - Bilfinger reported its 2022 annual results and subsequently presented its medium-term strategy at the CMD in Frankfurt (cf. comment of 14/02). The management reiterated its confidence that it would be able to turn around the group in announcing optimistic guidance for 2023 (~20% above the consensus at the EBITA level) and the 2025-2027 period (probably >50% above the consensus, by our estimates...
Underlying
Bilfinger SE

Bilfinger SE is a holding company. Through its subsidiaries, Co. develops, builds, maintains and operates facilities and structures for infrastructure, real estate, industry and the energy sector. Co.'s business segments include: Industrial, which is comprised of Industrial Maintenance; Insulation, Scaffolding and Painting; Oil and Gas; Industrial Fabrication and Installation; Engineering, Automation and Control; and Support Services; Power, which is comprised of Power Systems, and Piping Systems; Building and Facility, which is comprised of Building, Facility Services, Real Estate, and Water Technologies; and Construction, which is comprised of Construction, and Infrastructure.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Chaima Ferrandon

Sven Edelfelt

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