Bilfinger CEO on 2Q Earnings, Restructuring, Euro

The transcript covers a discussion on the company's restructuring efforts, financial performance, and provisions for legacy projects. It also addresses the impact of currency fluctuations on international business, particularly in the Middle East and South Africa. The conversation shifts to the progress of business disposals and reshaping strategies, highlighting the sale of dilutive companies. Finally, the discussion touches on expectations from the upcoming German elections, emphasizing the need for stability and action on nuclear decommissioning.

What was the primary reason for the company's lower-than-expected financial performance?

• Currency fluctuations

• Restructuring costs

• Increased competition

• A provision for legacy projects

How has the strength of the euro affected the company's business?

• It has led to a decline in European sales

• It has resulted in more euros from a stronger dollar

• It has increased the cost of imports

• It has decreased revenue in the US

What is the company's approach to handling its dilutive companies?

• Selling or closing them

• Expanding their operations

• Merging them with profitable entities

• Investing more resources into them

What is one of the key issues the company hopes the next German government will address?

• Nuclear decommissioning

• Education funding

• Healthcare improvements

• Tax reforms

How many companies did the company initially target for disposal in its restructuring plan?

• 13

• 20

• 10

• 5