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FRANKFURT (dpa-AFX Broker) – A brightened outlook for the year and lucrative decisions by Bilfinger (Bilfinger SE) made the shares of the industrial service provider soar on Thursday. For a short time they even climbed above the mark of 30 euros to the highest level since the beginning of May. Most recently, the stocks were up 10.5 percent at EUR 30.24, making them the clear front runner in the SDAX small-cap index.
The economic upturn gave Bilfinger a boost in the second quarter. Thanks to the austerity course, the group returned to profitability and became somewhat more confident for the year as a whole.
According to a trader, the quarterly figures and outlook were well received, in addition to a package of measures that are all in the interests of investors. With the proceeds from the sale of the stake in Apleona, Bilfinger intends, among other things, to repay debts, buy back shares and pay a special dividend.
Analyst Gregor Kuglitsch from the major bank UBS spoke of robust quarterly figures. He also praised the announced share buybacks, the investments in further growth, the special dividend and the accelerated debt reduction./edh/la/jha/
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