FRANKFURT: German industrial services and construction group Bilfinger on Wednesday issued its third profit warning since the end of June, saying it had reevaluated risks since its chief executive quit.

Bilfinger said it now expected 2014 earnings before interest, tax and amortisation (EBITA) from continuing operations of at least 270 million euros ($355 million), down from its last forecast of 340-360 million euros.

Net profit from continuing operations should be at least 160 million euros, it said, down from 205-220 million.