|Bid||0.000 x 600|
|Ask||0.000 x 9300|
|Day's Range||35.340 - 36.215|
|52 Week Range||32.890 - 38.370|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||37.70|
Q2 2017 Bilfinger SE Earnings Call
Shares in German engineering services firm Bilfinger fell as much as 4 percent on Wednesday after the company issued its first profit warning since Tom Blades became chief executive a year ago. Blades has been trying to steer the company into calmer waters after it endured six profit warnings and four CEOs in the space of two years amid a decline in the company's primary energy markets. Late on Tuesday Bilfinger abandoned its target to improve its operating profitability this year after it made provisions of 55 million euros ($63 million) for projects taken on by its U.S. subsidiary Westcon in 2015 and 2016.
German engineering services firm Bilfinger believes it has finished reassessing the risks from old projects, its chief executive said on Wednesday after provisions for legacy projects in the United States caused it to issue a profit warning. Bilfinger late on Tuesday abandoned its target to improve its operating profitability this year after it made provisions of 55 million euros ($63 million) for projects its U.S. subsidiary Westcon took on in 2015 and 2016.