Development of the business segments

• Revival of demand in Germany
• Additional momentum from public-private partnerships
• Consolidation in Australia

Our activities in the Building and Industrial business segment are concentrated on Germany, Australia and Nigeria. The good competitive position in these markets can be attributed to our ability to offer demanding clients much more than just the execution of pure construction tasks. The building construction business in Germany ideally complements our facility services knowledge and our expertise in concessions. On the Australian market we are carrying out successful projects in the health care sector and in the prisons system based on concession models. In Nigeria, too,we are often involved at early stages of projects in a consultative capacity.

Output volume in the Building and Industrial business segment in 2006 was, with € 2,069 million, at about the level of the previous year. Due to our selective approach in the acquisition of new projects in Australia, orders received of € 2,053 million were about 3% below the prior year level. As planned, order backlog decreased, with the figure of € 1,745 million representing a minus of 16%. EBITA in the business segment, burdened a year earlier by business in Australia, once again achieved a very positive value with € 22 million (2005: minus € 14 million).

Capital expenditure on property, plant and equipment amounted to € 4 million (2005: € 8 million), the size of the workforce, at 3,745 was below the figure for the previous year.

Key figures for Building and Industrial