Bilfinger SE (BFLBY) Q2 2026 Earnings Call Transcript

Good afternoon, ladies and gentlemen, and welcome to Bilfinger's Q2 2026 Results Webcast. My name is Martina Kalkhake, and I'm here today with our CEO, Dr. Thomas Schulz; and our CFO, Matti Jakel. We will start with the presentation today on the quarterly highlights and then open the call for your questions. [Operator Instructions] And the event will be recorded. I will now hand over to Thomas. Thomas Schulz Chairman of Executive Board & CEO Thank you. So hello, everybody. Welcome to our Q2 2026 results here out of Mannheim in Germany. Let's start with the highlights. We had actually quite a good order intake in the Q2 with around EUR 1.5 billion. And that's in a quite volatile market environment, especially with the Iran war. Our revenue has a quite good run rate. And we foresee that definitely with more dynamic, positive dynamic towards the second half and the end -- second half of this year and then, of course, the end of this year. Our EBITA was not on the level as expected and actually moved down to 5.3%. Our earnings per share is up to EUR 1.47, which is quite a nice improvement. And the cash flow for the market situation, with the Iran war, is the EUR 48 million, quite a good one. Our outlook is confirmed, especially on the revenue, where