- November 13, 2007
- Bilfinger Berger continues its successful development
- Earnings significantly increased
- Earnings guidance affirmed
Bilfinger Berger continues its successful growth course. Output volume, orders received and order backlog all increased once more in the first nine months of 2007. EBITA and net profit increased significantly as compared to the same period in the prior year. Positive developments in the global economy are reflected by lively demand in all of our markets.
Further growth in output volume, orders received and order backlog
The Group's output volume in the first nine months of the year grew by 21% to €6,815 million. Orders received amounted to €8,633 million, an increase of 17% compared with the prior-year period, while the order backlog expanded by 23% to €10,514 million.
Significant increase in earnings
EBITA rose by 42% to €148 million (9M 2006: €104 million). Earnings before taxes increased to €137 million (9M 2006: €99 million); after the deduction of taxes and minority interest, net profit amounted to €80 million (9M 2006: €61 million).
Earnings guidance affirmed
The Company anticipates an increase in output volume to more than €9 billion for financial year 2007. The positive earnings trend in the first nine months of 2007 supports the guidance for the full year: EBITA will grow faster than output volume. Net profit will be well above the previously stated goal of €100 million. The Services business segment will once again exceed the expectations. Despite unforeseeable cost developments in Germany, earnings in the Building and Industrial business segment will be in a range comparable to the prior year. Return on capital employed (ROCE) will significantly exceed the cost of capital of 10.5% and will reach the good level of the prior year.
Key figures for the Group (€ million) | |||||
- | 9M | 9M | ∆ in % | 9M | FY |
Output volume | 6,815 | 5,647 | + 21 | - | 7,936 |
Orders received | 8,633 | 7,393 | + 17 | - | 10,000 |
Orders backlog | 10,514 | 8,553 | + 22 | - | 8,747 |
EBITA | + 148 | + 104 | + 42 | + 51 | 180 |
Earnings before taxes | + 137 | + 99 | + 38 | + 46 | + 173 |
Net profit | + 80 | + 61 | + 31 | + 4 | + 92 |
Earnings per share (in €) | + 2.15 | + 1.64 | + 31 | x | + 2.48 |
Investments | 166 | 273 | - 39 | - | 370 |
Employees | 52,165 | 48,675 | + 7 | - | 49,141 |
1 before exceptional items
2 after exceptional items
In the year 2006, the adjustment of the concessions portfolio led to an exceptional charge on earnings of €53 million before taxes. All prior-year comparisons relate to earnings before exceptional items.
