Bilfinger

Rising order intake and an upgrade by UBS had supported Bilfinger shares at the end of August, but the escalation in the Gulf and higher oil prices are weighing on the recovery. Bilfinger is in talks on reconstruction projects in the Middle East, but firm orders are likely to be delayed because of the uncertain situation. Positive are large orders from federal investments in transport infrastructure, which fuel hopes for a stronger second half of the year. Technically, the stock is trading at support around €74; a further drop would warrant caution. » More on finanzen.net

The Bilfinger share fell by up to 5 percent to €76.50 and was the weakest stock in the MDax. Berenberg analyst Andreas Wolf warns that Bilfinger will need to noticeably increase profitability in the second half of the year to meet its annual targets, which is difficult in the current environment. Wolf nevertheless expects above‑average growth in the long term and sees recovery potential with a price target of €92.50; the rating is currently “Hold” because of short‑term uncertainties. » More on de.investing.com

In Q2 2026 Bilfinger raised revenue by 7% to €1.45 billion; EBITA grew less proportionally, by 4% to €77 million. The revenue target for 2026 (€5.4–5.9 billion) remains unchanged, and the EBITA margin is expected to be at the lower end of the 5.8–6.2% range. Weighing on results were project delays in Europe, higher material costs and missing orders from the federal infrastructure program; at the same time higher order intake and revenues in construction point to a possible recovery in the second half of the year. » More on finanzen.net