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On Thursday, Deutsche Bank (ETR:DBKGn) analysts adjusted their view on Bilfinger SE (GBF:GR), raising the price target to €85.00 from €80.00, while reiterating a Buy rating on the stock. The move followed Bilfinger’s announcement of a strong first quarter in fiscal year 2025, which saw the company’s EBITA climb by 20% year-over-year to €57 million. The improved performance also reflected in a 50 basis points margin increase to 4.5%.
Bilfinger’s overall sales for the quarter reached €1,267 million, marking a 17% increase year-over-year, with organic growth accounting for 2% of this rise. This sales figure slightly surpassed the consensus by 1%. Furthermore, the company’s EBITA exceeded expectations by 2%. A significant positive development was observed in Bilfinger’s free cash flow, which surged to €109 million, a substantial increase from €24 million in the same quarter of the previous year. This boost was attributed to operational improvements and the settlement of a legal case in the United States.
The company also reported an 11% year-over-year increase in order intake, totaling €1,271 million. However, on an organic basis, there was a 4% decline, which was attributed to challenging comparisons from the previous year and ongoing macroeconomic uncertainties in Germany and the United States. Despite these headwinds, Bilfinger’s overall performance in the quarter has laid a solid foundation for the company’s full-year guidance, signaling continued operational progress.
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