Latest news with #Bilfinger
Yahoo
22-05-2025
- Automotive
- Yahoo
Bilfinger UK wins contract to maintain the National Transmission System
Bilfinger UK has been awarded a significant contract with National Gas to ensure the continuous flow of gas through National Transmission System (NTS) pipelines. This project is expected to generate up to 100 employment opportunities, with Bilfinger UK serving as the principal designer and contractor at crucial sites. Strategically placed compressor stations along the NTS are essential for maintaining gas flow. These stations, equipped with multiple compressor units, pressurise and propel the gas through the network at speeds reaching 25mph (40km/h). The Control System Refurbishment project, backed by the Office of Gas and Electricity Markets (Ofgem), will see Bilfinger UK executing a comprehensive design and construction programme, including panel design and manufacturing, while also fulfilling the role of principal contractor to ensure top-tier safety and performance standards. Following a two-year engagement in front end engineering design works, Bilfinger UK will now embark on a subsequent three-year programme of works. The contract involves a two-stage approach, emphasising early contractor involvement. Bilfinger's Engineering, Automation and Production divisions will contribute their expertise to deliver holistic solutions. Bilfinger Engineering & Maintenance UK Gas Framework director Ben Hill said: 'This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance. 'Our partnership with National Gas reflects our commitment to innovation, efficiency and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.' The primary design team, stationed at the Bilfinger UK headquarters in Warrington, will collaborate with colleagues in Chesterfield, St. Helens and on-site. During the design phase, the team will comprise 40–50 individuals, expanding to as many as 100 during the peak construction period. In February 2024, Bilfinger secured a similar contract with INEOS FPS, spanning three-years, to provide maintenance services for the Forties Pipeline System (FPS) in Scotland, with an option to extend for two additional years. This agreement, effective from January 2024, continues a partnership spanning more than ten years, aiming to ensure the FPS' reliability and longevity, which is vital for North Sea oil and gas transportation and processing. The contract will support both onshore and offshore facilities within the 169km pipeline system. "Bilfinger UK wins contract to maintain the National Transmission System" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business News Wales
21-05-2025
- Automotive
- Business News Wales
Bilfinger UK Secures National Gas Contract in South Wales
Bilfinger UK has secured a contract with National Gas which will play a vital role in maintaining gas flow along the National Transmission System (NTS) in South Wales. The contract will create up to 100 jobs, with Bilfinger UK undertaking the role of Principal Designer and Principal Contractor at key locations. Compressor stations are strategically located at intervals along the NTS to maintain the flow of gas. Each station comprises two or more compressor units that pressurise and direct gas through the NTS, ensuring it moves at speeds of up to 25 mph (40 km/h). As part of the Control System Refurbishment Project, funded by Ofgem, Bilfinger will undertake a multi-disciplinary design and construction programme including the design and manufacture of panels, whilst also operating as Principal Contractor ensuring the highest standards of safety and performance. Bilfinger UK has been engaged in a further three-year programme of works, having already been involved in Front End Engineering Design (FEED) works for two years. This contract follows a two-stage approach, leveraging early contractor involvement (ECI). Delivering comprehensive solutions and utilising expertise from Bilfinger's Engineering, Automation, and Production divisions, the core design team, based at Bilfinger UK's Headquarters in Warrington, will be supported by colleagues in Chesterfield, St. Helens and on-site. The design phase will involve 40 to 50 people, with up to 100 personnel operating during the peak construction phase. Ben Hill, Gas Framework Director at Bilfinger Engineering & Maintenance UK, said: 'This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation, and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance. 'Our partnership with National Gas reflects our commitment to innovation, efficiency, and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.' Darren Clement, Vice President, Engineering, Automation & Projects at Bilfinger UK, added: 'Our team's expertise in engineering, automation, and production will be pivotal in ensuring the success of the Control System Refurbishment Project. This contract not only highlights our capabilities but also our commitment to creating jobs and supporting the local economy as we contribute to the reliability and efficiency of the National Transmission System.' Oliver Wood, Programme Director at National Gas, said: 'Ensuring the continued safe and efficient flow of gas across the National Transmission System is critical to the UK's energy security. This investment reflects our commitment to upgrading essential infrastructure and embracing innovative technologies. We're proud that this project will not only strengthen the resilience of our network but also create high-quality jobs and opportunities across South Wales and beyond.'
Yahoo
17-05-2025
- Business
- Yahoo
Bilfinger SE (ETR:GBF) Released Earnings Last Week And Analysts Lifted Their Price Target To €78.75
Bilfinger SE (ETR:GBF) shareholders are probably feeling a little disappointed, since its shares fell 3.7% to €73.20 in the week after its latest first-quarter results. Results were roughly in line with estimates, with revenues of €1.3b and statutory earnings per share of €0.84. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. After the latest results, the four analysts covering Bilfinger are now predicting revenues of €5.37b in 2025. If met, this would reflect a credible 2.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 7.9% to €5.32. In the lead-up to this report, the analysts had been modelling revenues of €5.35b and earnings per share (EPS) of €5.40 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. View our latest analysis for Bilfinger With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.8% to €78.75. It looks as though they previously had some doubts over whether the business would live up to their expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Bilfinger analyst has a price target of €87.00 per share, while the most pessimistic values it at €70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Bilfinger is an easy business to forecast or the the analysts are all using similar assumptions. Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Bilfinger's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.9% growth on an annualised basis. This is compared to a historical growth rate of 7.1% over the past five years. Compare this to the 13 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.0% per year. Factoring in the forecast slowdown in growth, it looks like Bilfinger is forecast to grow at about the same rate as the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Bilfinger going out to 2027, and you can see them free on our platform here.. Before you take the next step you should know about the 1 warning sign for Bilfinger that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-05-2025
- Business
- Yahoo
Bilfinger First Quarter 2025 Earnings: Beats Expectations
Revenue: €1.27b (up 17% from 1Q 2024). Net income: €31.5m (up 28% from 1Q 2024). Profit margin: 2.5% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: €0.84 (up from €0.66 in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Germany. Performance of the German Commercial Services industry. The company's shares are down 4.0% from a week ago. Be aware that Bilfinger is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Bilfinger First Quarter 2025 Earnings: Beats Expectations
Revenue: €1.27b (up 17% from 1Q 2024). Net income: €31.5m (up 28% from 1Q 2024). Profit margin: 2.5% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: €0.84 (up from €0.66 in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Germany. Performance of the German Commercial Services industry. The company's shares are down 4.0% from a week ago. Be aware that Bilfinger is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
