Bilfinger has reported lower quarterly operating earnings after customers delayed investment decisions and orders under framework agreements, despite a rise in new business.
The industrial services group’s results, published today (11 November), put group-wide third-quarter EBITA at €63m, down 23% year on year. Revenue slipped 1% to €1.364bn and the EBITA margin narrowed from 5.8% to 4.6%.
Orders rose 25% to €1.7bn, driven largely by energy-sector demand and including an extension worth more than €300m from an existing customer.
Bilfinger said lower utilisation and fewer requests for complex, higher-priced services weighed on profitability. It confirmed full-year revenue guidance of €5.3bn to €5.7bn and an EBITA margin of 3.2% to 3.6%, including one-off costs for its Agile programme.
The company expects Agile, which includes capacity changes and pooled resources, to contribute around €75m to annual earnings from 2028, with initial benefits in 2027.
In February, Scaffmag reported Bilfinger’s long-term scaffolding agreement with Söderenergi in Sweden. Its scope covers scaffold design, assembly and maintenance at the district heating producer’s facilities.
