Bilfinger stock trades at EUR 56.75 after outlook cut

Bilfinger stock was trading at EUR 56.75 on Xetra on September 28, 2026 at 5:08 p.m. CEST, up 0.98 percent from the previous close. The industrial services provider is now being assessed against a sharply reduced 2026 outlook after FT reported the company announcement dated September 16, 2026.

Margin guidance takes the hit

Bilfinger expects 2026 revenue of EUR 5.3 billion to EUR 5.7 billion, down from the previous EUR 5.4 billion to EUR 5.9 billion range. The company reduced its EBITA margin guidance to 3.20 to 3.60 percent from 5.80 to 6.20 percent, while adjusted for one-off costs the margin range is 4.60 to 5.00 percent, according to FT.

The revised outlook also includes free cash flow of EUR 180 million to EUR 220 million, compared with the previous EUR 250 million to EUR 300 million range. Bilfinger linked the reset to weaker expected second-half performance and launched the Agile cost program, with one-off costs of EUR 75 million in fiscal year 2026.

Quarterly revenue still grew

The second-quarter figures offer a counterpoint to the guidance cut. Bilfinger reported Q2 2026 revenue of EUR 1.45 billion, up 7.21 percent from EUR 1.35 billion in the prior-year quarter, while earnings per share increased to EUR 1.47 from EUR 1.28, finanzen.ch reported on September 28, 2026.

Analyst targets diverge

Valuation expectations now span a wide range. MarketScreener reported on September 21, 2026 that Berenberg cut its target to EUR 63.00 from EUR 92.50 and retained a Hold rating. A separate Deutsche Bank view kept a Buy rating and a EUR 125.00 target on September 17, 2026, according to MarketScreener.

Stock remains near its yearly low

At EUR 56.75, the stock stood EUR 1.65 above its 52-week low of EUR 55.10 and EUR 72.55 below its 52-week high of EUR 129.30 on September 28, 2026. Market capitalization was EUR 2.1 billion, and trading volume reached 99,399 shares.