Bilfinger Shares Fall 20% on Lowered Outlook, Job Cuts
13 Articles
13 Articles
Bad times for the world's largest industrial service provider: companies and energy suppliers are holding back with investments because of the Gulf War. Shareholders are not tearing down.
The business development of the industrial service provider Bilfinger remained significantly below expectations. The Group reacts to this with a savings program.
The Iran war puts a longer burden on the industrial company than expected. Therefore, the Group wants to arm itself with a austerity program – and must reduce jobs.
The Mannheim group reacts to the weak order situation. The consequences of the war hit the company harder than expected.
The industrial service provider Bilfinger earns his money in particular with the planning, construction, maintenance and modernization of plants and power plants. However, the Middle East war is causing the Mannheimians to create.
MANNHEIM/LINZ. The German industrial service provider suffers from the continuing Iran war and the backlog of customers.
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