Q3 2023 Bilfinger SE Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Bilfinger's Third Quarter 2023 Earnings Call. My name is Bettina Schneider. Joining me are Thomas Schulz, our Group CEO, as well as Matti Jakel, our group CFO. (Operator Instructions) the conference call is being recorded.
Thomas and Matti will provide highlights from the quarter and then open the call to your questions. You can ask them via phone or via chat in the webcast.
With this, I would like to hand over to Thomas Schulz.
Thank you, Bettina. Hello, everybody. Let's start directly with the key highlights for the quarter 3 2023.
Our orders received went down by 5%. Background for that is purely the restructuring and repositioning initiatives based on our strategy in North America. Revenue went up organically by 7% despite the reorganization and repositioning in North America. Otherwise it would be double digit.
The highlight for the quarter is a
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