Bilfinger

Bilfinger has significantly cut its 2026 forecast and now expects revenue of €5.3–5.7 billion and an EBITA margin of 3.2–3.6% (previously 5.8–6.2%). Based on the new ranges, the midpoint EBITA expectation falls from €339m to €187m, a decline of around 45%. The mid-term targets through 2030 remain unchanged (revenue growth 8–10% p.a., EBITA margin 8–9%), but analysts see risks to achieving them and expect that a pronounced recovery will only occur from 2027. » More on finanzen.net

Bilfinger lowers its 2026 expectations due to persistently weak demand and uncertainties in the Middle East; the company expects lower revenue and a significantly weaker operating margin. The share price fell by more than 21% at one point. Analysts subsequently cut price targets (Berenberg 92.50→63, UBS 102→72) and reduced earnings forecasts, but still see recovery potential in the medium term; investors should for now stay on the sidelines. » More on deraktionaer.de

Berenberg has reduced its price target for Bilfinger from 92.50 to 63.00 euros but kept the rating at 'Hold'. The downgrade is attributed to subdued customer demand, which led the industrial services provider to lower its annual targets. The goals confirmed for 2030 appear to the bank to be too ambitious given the current backdrop. » More on finanzen.net