Group Management Report

With its risk management system, Bilfinger Berger promotes awareness of risks at all management levels and with all employees. The system is an integral component of the management processes and helps to avoid risks wherever this is possible, or at least to identify risks at an early stage and to avert any resulting dangers for the Company. We have therefore taken all precautions to ensure that the Group achieves its goals.

Risk management at Bilfinger Berger is a continuous and decentralized process,which is monitored and controlled from headquarters. The elements of the system are strategic business planning combined with a detailed reporting system that is always up to date, an early-warning system, and an internal monitoring system.

Each year, the Group sets new targets for monthly reporting for all the units and subsidiaries of the Group. The monthly reporting system informs the Executive Board and the management about the current economic situation. The actual situation and the targets set are analyzed at all levels. Using defined marginal values and deviation parameters, relevant risks are identified, monitored and limited in their effects by taking suitable measures.

Interaction of elements in the risk-management process