German-based Bilfinger expects 2016, and its first quarter, to see lower output volume, but an increase in its EBITA (earnings before interest, taxes and amortization).
In the company’s industrial segment, it expects a decreasing output volume as a result of the lower price of oil, but an increase in its EBITA for the first quarter of 2016, compared to the same period last year.
In the company’s building and facility segment, it expects a fall in the number of real-estate transactions and in its investment. Therefore, the company expects a decrease in output volume and EBITA in the first quarter of 2015, compared with a year earlier.
The company also said it expected a significant decrease in output volume at group level, although it expected a slight increase in adjusted EBITA as a result of the efficiency measures that have been initiated, for its full-year results.
In 2015, Bilfinger recorded a 4% increase in its revenues, a 24% increase in its orders, but a 29% decrease in its EBITA.