Financial Results Q3 2026: Second Consecutive Quarter with High Orders Received - Bilfinger Confirms Outlook for 2026
Key Highlights
- ➤Orders received €1,700 million, up 25% year over year; book-to-bill reached 1.25
- ➤Revenue €1,364 million, down 1% year over year amid postponed investments
- ➤EBITA margin 4.6%, down from 5.8% year over year, matching updated outlook
- ➤Program Agile targets approximately €75 million annual earnings contribution from financial year 2028
- ➤Bilfinger confirmed 2026 outlook: revenue €5.3–€5.7 billion and free cash flow €180–€220 million
Expert Statements
Thomas Schulz, Bilfinger Group CEO
“2026 is a challenging year for Bilfinger. However, the strong order intake for the second consecutive quarter underscores the demand for our services to enhance efficiency and sustainability in the process industry. Bilfinger confirms the updated outlook for 2026. With Program Agile, we will be able to respond to market changes more quickly and effectively going forward.”
Thomas Schulz, Bilfinger Group CEO
“The months ahead will be highly demanding for our entire organization. My express thanks go to our employees for their dedication during this challenging phase.”
Financial Results Q3 2026: Second Consecutive Quarter with High Orders Received - Bilfinger Confirms Outlook for 2026 PR Newswire
MANNHEIM, Germany, Nov. 11, 2026 * Market: sound demand for efficiency enhancement services in a volatile market environment * Orders received €1,700 million: significant increase of +25% (+21% organically, PY: €1,360 million); book-to-bill ratio of 1.25 * Revenue €1,364 million: development of -1% (-5% organically, PY: €1,384 million) * EBITA margin 4.6%: in line with updated outlook (PY: 5.8%) * Net profit €43 million / earnings per share €1.16: in line with EBITA performance (PY: €55 million / €1.47) * Free cash flow €76 million: solid improvement (PY: €71 million) with strong cash conversion rate of 121% (PY: 87%) * Program Agile launched: faster response to market changes; annual earnings contribution of approximately €75 million starting in financial year 2028, with initial effects in 2027 * Updated outlook for 2026 confirmed: revenue €5.3 – €5.7 billion, EBITA margin 3.2 – 3.6% (adjusted: 4.6 – 5.0%), free cash flow €180 – €220 million; mid-term targets for 2030 confirmed MANNHEIM, Germany, Nov. 11, 2026 /PRNewswire/ -- Industrial services provider Bilfinger continued its business development in the third quarter of 2026 in line with the full-year outlook updated in September. Against the backdrop of a persistently volatile market environment, the company significantly increased orders received over the prior-year quarter. At €1,700 million (PY: €1,360 million), Bilfinger recorded one of its highest order intake figures of the past ten years for the second consecutive quarter, largely driven by growth in the Energy industry. The figure includes a substantial order extension from an existing customer for over €300 million. As a result, the book-to-bill ratio also reached a high level of 1.25. Third-quarter revenue, at €1,364 million, was slightly below the prior-year figure (€1,384 million). This was due to customers significantly postponing investment decisions and call-off orders under framework agreements.
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