Interim Report Q1 2012
Output volume, orders received and earnings increased
Positive outlook for 2012 confirmed
Change of stock exchange sector from ‘Construction’ to ‘Services ‘
Annual General Meeting to decide on name change
The Group had a solid start in the new financial year: output volume increased by 6 percent to €1,947 million with noticeable growth in all three services segments. Orders received rose by 9 percent to €2,173 million. Due to the regional concentration of the construction business, order backlog decreased by 6 percent to €8,092 million.
EBITA increased substantially to €133 million (Q1 2011: €68 million). This figure includes contributions to earnings in the amount of €18 million from the sale of 10 percent of shares in Julius Berger Nigeria and a contribution of €47 million from the sale of 16 concession companies to a fund placed on the London Stock Exchange.
Net profit for the first quarter of 2012 was €100 million. The prior-year figure of €207 million included additional earnings from discontinued operations in the amount of €174 million, primarily from the sale of Valemus Australia.
Net profit of Bilfinger Berger in 2012 will be substantially higher than earnings from continuing operations of €220 million from financial year 2011. Rising margins and the aforementioned capital gains will lead to a significant increase in EBITA.
Deutsche Börse has taken the fundamental transformation of our business activities into account,” said Roland Koch. Standard & Poor’s will also place Bilfinger Berger in the Diversified Support Services sector of its Global Industry Classification Standards.
