Press Releases 2002

November 25, 2002
Interim Report Q3 2002: Bilfinger Berger confirms forecasts

In the third quarter of 2002, Bilfinger Berger made decisive progress on the attainment of its goal of becoming a multi-service group. With the acquisition of Rheinhold & Mahla, the Group has now successfully entered the attractive market for industrial services. And activities in the field of real-estate services have been substantially expanded by the acquisition of HSG. The Group's services activities are being concentrated in a separate business segment, which for 2003 has a projected output volume of more than €1.1 billion and an anticipated contribution to earnings before interest, taxes and goodwill amortization (EBITA) of around €40 million.

In the first nine months of the current year, EBITA increased by €8 million over the corresponding period of last year to €22 million. Net profit, excluding exceptional income from the sale of shares in Dresdner Bank, amounted to €26 million. For full-year 2002, Bilfinger Berger anticipates growth in output volume from €4.6 billion to €4.9 billion, and a significant increase in net profit to around €60 million.