Group Management Report

• Output volume, orders received and order backlog reach record levels
• EBITA and net profit rise faster than volume of business
• Repeated high volume of cash flow from operating activities

Bilfinger Berger substantially expanded its business volumes and significantly increased its earnings in the year under review.

Output volume rose to € 7,936 million, which was 12% higher than in 2005. The proportion of output volume generated in international markets was the same as in the prior year at 66%. The domestic construction business accounted for 18% of the Group’s output volume (2005: 19%), while the services business in Germany accounted for 16% of the total (2005: 15%).

Orders received increased by 33% to € 10,000 million, primarily due to new major orders in the Civil business segment and the dynamic growth of services activities. The order backlog increased by 25% to € 8,747 million. Output volume, orders received and order backlog thus reached new record levels in the history of our Company in 2006.