Press Releases 2002

June 6, 2002
Annual General Meeting: Bilfinger Berger continues to perform successfully Positive forecasts for the year 2002 underscored after sound first quarter

Bilfinger Berger continues to perform successfully. At the Company's Annual General Meeting on June 6, 2002 in Mannheim, Executive Board Chairman Herbert Bodner underscored the positive forecasts for the ongoing business year. The volume of orders received for the first quarter has increased appreciably, and the order backlog is also exceeding the previous year's figures. Earnings - excluding the one-time effect of the sale of the Company's Dresdner Bank shares - are in line with expectations. In spite of somewhat uncertain global economic developments, growth in output to €4.8 billion for 2002 is anticipated. "Our aim is to once again boost our net profit based on the continuous growth in operating earnings," as Herbert Bodner emphasized.

Strategic orientation is focusing on Bilfinger Berger's evolution into a multi-service group for real estate and infrastructure, as well as the expansion of its international position. The range in the services area will be systematically developed through organic growth and targeted acquisitions. The Company will also strengthen its presence in those foreign markets in which it already enjoys a successful track record. Development potential is discernible in the United States, in Australia and in selected European countries. China also holds highly promising potential.

Without addressing further concrete acquisition objectives, Herbert Bodner explained the criteria to be applied in gauging potential candidates. "We will only be considering companies that dovetail with our strategic direction. The new activities must make a positive contribution to our Group earnings' also subsequent to goodwill amortization and interest payments on financing. Bilfinger Berger is targeting candidates with promising development potential. And we expect to find a strong management team already in place," outlined the Chairman of the Executive Board.

The development of the Company is systematically focused on achieving growing economic success. The existing range of management instruments has been enhanced by return-on-capital-employed controlling. This system will help in committing all resources specifically on the expansion of activities in high-yield sectors. Bilfinger Berger is pursuing ambitious financial aims. "In order to achieve our goals we need further improvements of our operating earnings and a stringently yield-oriented deployment of our resources," emphasized Herbert Bodner.

Key figures for the Group: financial year 2001

	2001 € million	2000 € million	Change %
Output	4,607	4,437	+ 4
Orders received	4,680	4,591	+ 2
Order backlog	4,272	4,200	+ 2
Capital expenditure	111	80	+ 39
EBITA	36	10	+ 260
Net profit	52	43	+ 21
Workforce At December 31	43,471	40,653	+ 7

Key figures for the Group: Interim report as at March 31, 2002

	3/2002 € million	3/2001 € million	Change %
Output	951	987	- 4
Orders received	1,469	1,211	+ 21
Order backlog	4,790	4,424	+ 8
EBITA	- 7	- 8	+ 13
Exceptional income	+ 161	0	-
Net profit	+ 157	- 4	-
Workforce At March 31	45,015	42,533	+ 6

Key figures for the Group: April 30, 2002

	4/2002 € million	4/2001 € million	Change %
Output	1,315	1,369	- 4
Orders received	1,832	1,661	+ 10
Order backlog	4,789	4,492	+ 7