Bilfinger proposes flat FY dividend as adjusted earnings rise

FRANKFURT Tue Feb 11, 2014 2:10am EST

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FRANKFURT Feb 11 (Reuters) - German engineering and services group Bilfinger on Tuesday proposed a dividend of 3.00 euros ($4.09) share for 2013, unchanged from last year, after adjusted 2013 earnings rose.

Bilfinger reported a 6 percent rise in adjusted earnings before interest, taxes and amortisation (EBITA) for 2013, thanks to cost cuts amidst a challenging economic environment in Europe.

It also forecast a positive development in all business segments in 2014. ($1 = 0.7327 euros) (Reporting by Marilyn Gerlach; Editing by Ludwig Burger)

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