Bilfinger SE (LTS:0NRG)
€ 51.45 -0.05 (-0.1%) Market Cap: 1.93 Bil Enterprise Value: 1.84 Bil PE Ratio: 9.66 PB Ratio: 1.60 GF Score: 76/100
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Q3 2020 Bilfinger SE Earnings Call Transcript

Nov 12, 2020 / 01:00PM GMT
Release Date Price: €20.78 (-6.56%)
Bettina Schneider
Bilfinger SE - Head of IR

Good afternoon, ladies and gentlemen, and welcome to Bilfinger's Third Quarter 2020 Conference Call. With us today are Tom Blades, our CEO; and Christina Johansson, our CFO.

Before we go to Q&A, Tom and Christina will take you through some of the key highlights of this morning's release and provide some background to the financial performance in the third quarter.

With this, I hand over to Tom Blades.

Thomas Blades
Bilfinger SE - Chairman of the Executive Board, CEO & Labor Director

Thank you, Bettina. So I think you read in our press release today, we are seeing a sequential top line recovery. It's much in line with what we went out with our, let's say, guidance in late April, early May. So it's good to see that the markets are slowly recovering, but more of that a little bit later.

I think also when you look at our numbers, you see that we've taken out the excess capacity. So we've adjusted our business to the levels that we expect currently and going forward. And I think that

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