October 5, 2005
Loss in the Building and Industrial business segment and increases in the other segments: Net profit forecast for 2005 between €65 and €70 million
Based on a current report, the Executive Board at Bilfinger Berger AG adjusted the earnings forecast for the Building and Industrial segment on October 4, 2005. Due to losses of around €30 million in the presently difficult Australian building construction business, a negative contribution to earnings in the amount of €15 million from this business segment is assumed. Until now, an improvement on the previous year's result (€9 million) had been planned.
A significant earnings increase in excess of the previous plan is, however, assumed in the remaining business segments of Civil, Services and Concessions. Overall, Bilfinger Berger expects that, with net profit in the range of €65 to €70 million, the previous year's result (€51 million) will be clearly surpassed. The forecast had been at more than €70 million. The stated goal of increasing net profit to €100 million by fiscal year 2007 remains unchanged.
In conformity with ad-hoc-announcement
