By Sheenagh Matthews
Feb. 10 (Bloomberg) -- Bilfinger Berger AG, Germany’s second-largest construction company, fell the most in five months in Frankfurt trading after the company said new orders declined and signaled that profit may fall in 2009.
Bilfinger lost 14 percent to 31.74 euros, the biggest one- day decline since July 28. New orders in 2008 dropped 9 percent to 10.3 billion euros, the Mannheim-based company said in a statement today.
Full-year net income will total “at least” 140 million euros ($182 million) and earnings before interest and tax will reach “at least” 250 million euros, Bilfinger said. Net income in 2008 rose 49 percent to 200 million euros and included a one- time gain of 60 million euros. Ebit totaled 298 million euros and included a gain of 45 million euros, the company said today.
Bilfinger Berger isn’t aware of plans by any of its investors to take a larger stake in the company, Chief Executive Officer Herbert Bodner said on a conference call.
The company said it plans to raise its dividend payment to 2 euros a share from last year’s 1.80 euros.
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net.
Last Updated: February 10, 2009 11:53 EST
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