|Bid||31.08 x 600|
|Ask||31.14 x 9300|
|Day's Range||30.84 - 32.60|
|52 Week Range||20.70 - 35.32|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||52.35|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||1.00 (2.91%)|
|Ex-Dividend Date||Apr 24, 2020|
|1y Target Est||40.10|
Buyout group EQT is starting preparations for the sale of facilities manager Apleona, a former unit of industrial services group Bilfinger , people close to the matter said. EQT is expected to mandate an investment bank as advisor on the sale by year end or early next year and may start an auction in the first quarter, the people said, adding that no final decision on an exit had been made. The investor, which bought the company at a valuation of 1.4 billion euros ($1.6 billion) in 2016, is expected to shop Apleona to other private equity firms as well as peers such as CBRE, Cushman & Wakefield and Jones Lang Lasalle (JLL), they added.
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...
Germany's construction sector on Tuesday raised its outlook and now sees revenue growth of almost 9% in 2019, in a sign that the boom continues for one of the remaining growth drivers in Europe's biggest economy's as its manufacturing falters. "We still assess our industry's position as positive," Reinhard Quast, the head of Germany's ZDB construction industry group said in a statement, adding that the sector was currently the country's number one growth driver. ZDB lifted its revenue growth forecast in nominal terms for 2019 to 8.7% from a previously forecast 6% and sees a 5% increase in 2020.
Siemens has named former Osram and Bilfinger Chief Financial Officer Klaus Patzak as the new executive to oversee the separation and listing of its Gas and Power Business. Patzak will be responsible for setting up the new company, which Siemens plans to spin off and float on the stock exchange by September 2020, Siemens said on Wednesday. Michael Becker, the current CFO of the Gas and Power division will stay in his role and oversee the operational side of the business which comprises oil and gas, conventional power generation and power transmission.
While not a mind-blowing move, it is good to see that the Bilfinger SE (FRA:GBF) share price has gained 12% in the last three months. But that is little comfort to those holding over the last half decade, sitting on a big loss...