Bilfinger SE (GBFG.DE)
15 Dec 2017
Mon, Aug 14 2017
BERLIN German engineering services firm Bilfinger reported a second-quarter operating loss on Monday, hit by provisions for U.S. projects as it undergoes a new phase of restructuring under Chief Executive Tom Blades.
* CEO says believes now through with reassessing legacy projects
FRANKFURT, July 12 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.
* Says resolutely working through legacy projects (Adds details on Q2, mid-term targets, background)
FRANKFURT, July 11 German engineering services group Bilfinger issued its first profit warning in more than two years on Wednesday, blaming legacy U.S. projects that new Chief Executive Thomas Blades is trying to work his way through.