MORE: Bilfinger Lowers Outlook, Sees Restructuring Costs
2014-06-30 20:17:29.356 GMT
By Jim Silver
June 30 (Bloomberg) -- Sees full-yr adj. net EU230m-EU245m
vs analysts’ est. EU270m, in Feb. co. saw EU249m.
* Co. will adjust capacity in Power, Industrial segments,
start further short-term cost reduction “without delay”
* Sees additional restructuring costs in “low to middle
double-digit million range” in 2H
* Co. will review medium-term vol. goals, present new goals in
3Q interim report
* Power segment is “suffering from the effects of the energy
transformation in Germany,” which has hurt investment by
energy suppliers, with unexpected impact on investment in
other central European countries, co. says
Link to Statement:NSN N7ZZ4R3PR6RK <GO>
Story Link:NSN N7ZZQA6KLVS0<GO>
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To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2014-06-30 20:17:29.356 GMT
By Jim Silver
June 30 (Bloomberg) -- Sees full-yr adj. net EU230m-EU245m
vs analysts’ est. EU270m, in Feb. co. saw EU249m.
* Co. will adjust capacity in Power, Industrial segments,
start further short-term cost reduction “without delay”
* Sees additional restructuring costs in “low to middle
double-digit million range” in 2H
* Co. will review medium-term vol. goals, present new goals in
3Q interim report
* Power segment is “suffering from the effects of the energy
transformation in Germany,” which has hurt investment by
energy suppliers, with unexpected impact on investment in
other central European countries, co. says
Link to Statement:NSN N7ZZ4R3PR6RK <GO>
Story Link:NSN N7ZZQA6KLVS0<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net