Bilfinger

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. » Altro su finanzen.net

UBS has upgraded Bilfinger from “Neutral” to “Buy” and lowered the price target from €107 to €102, after which the share rose about 4.0% to €83.275. The bank cites an improved risk profile following strong Q2 results (revenue +7% to €1.45bn, EPS +13% to €1.47) and high order visibility (order intake around €1.5bn, covering 90% of the 2026 revenue forecast). UBS also sees an attractive valuation discount (estimated 7.6x EBITA for 2027) versus peers like SPIE and views the price decline since February as a buying opportunity. » Altro su de.investing.com

Bilfinger increased second-quarter revenue by 7% to €1.45bn and EBITA by 4% to €77m; the EBITA margin fell to 5.3%, below the target corridor. Order intake shrank 16% to just under €1.5bn but remained the third-highest volume in ten years. The company confirmed its full-year forecast (revenue €5.4–5.9bn, EBITA margin 5.8–6.2%, free cash flow €250–300m) and signalled a slightly more cautious profitability outlook, after which the stock fell sharply. » Altro su finanzen.net