Streetbeat News

BFLBF

Bilfinger SE

https://www.bilfinger.com/

CEO

Thomas Blades

Industry

General Warehousing and Storage

Open

45.22

Mkt cap

1.8B

Volume

High

48.18

P/E Ratio

7.99

52-wk high

56.68

Low

45.22

Div yield

0.04

52-wk low

36.61

The European economy is facing stagflation despite cooling inflation, with PMI and sentiment indicators declining. The ECB may continue cutting interest rates, but the outlook remains bleak. Foreign takeovers of German companies are increasing due to lower valuations.

Portfolio Pulse from European Capital Insights

October 23, 2024 | 1:59 pm

Fluor Corp (FLR) has agreed to sell its Stork business in Europe and its turbo blading manufacturing operation in the U.S. to Bilfinger SE (BFLBF, BFLBY). The company also settled with the U.S. Securities and Exchange Commission (SEC) for $14.5 million over an investigation into its accounting practices. The sale is part of Fluor's strategy to focus on its core businesses and is expected to be completed in H1 2024.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 10:56 am

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