Press Releases 2003

August 21, 2003
Interim Report Q2 2003: Bilfinger Berger Continues to Push Ahead With Successful Strategy

• Increase in output volume, orders received and order backlog
• Service activities steadily gaining in importance
• Operating profit rose

In the first six months of 2003, Bilfinger Berger continued to push ahead with its successful strategy. Output volume rose by 20% to €2,542 million while there was an upswing in orders received by 7% to €2,921 million. At the end of June, the order backlog increased by 13% over the level of the prior year to €5,547 million, a new record. These growth rates are a result of the company's strategic refocus. While operating with caution in the construction business against the backdrop of a sustained decline in demand in Germany and stagnating international markets, Bilfinger Berger expanded its service activities last year. These are steadily gaining in importance.

Operating profit (EBITA) doubled to €10 million in the first six months of 2003. The Group's net profit over this period was €8 million. For the year as a whole, Bilfinger Berger is also expecting a renewed substantial rise in operating profit. Thanks to the capital gain from the sale of the Group's stake in Buderus AG, net profit will again significantly exceed the unusually high level of the prior year. Bilfinger Berger is expecting output volume to increase by 10% to €5.4 billion.

Teleconference information:

Contacts:
Herbert Bodner, Chairman of the Executive Board and CEO
Dr. Jürgen M. Schneider, Member of the Executive Board and CFO

Date: August 21, 2003
Time: 12:00 noon CET
Phone: +49-69 - 27 11 04 00