New Chief Financial Officer: Patzak taking over, Salzmann leaving - Outlook for financial year 2016 again confirmedThere will be a change in the Executive Board at Bilfinger from October 1. Dr. Klaus Patzak (51) will take over as Chief Financial Officer. He succeeds Axel Salzmann (58), whose request for an early termination of his contract as of September 30, 2016 and to step down from his position as CFO and Member of the Executive Board has been accepted today by the Supervisory Board of Bilfinger SE.
2016-08-05 Bilfinger is selling its activities related to the manufacturing and installation of offshore foundations. Buyer of the manufacturing activities is the VTC Group Munich, buyer of the installation activities is the Dutch Van Oord Group. The two parties have agreed to keep the terms of the sale confidential.
2016-07-29 Now that most of the economic sanctions against Iran have been lifted, the country has become an interesting partner for German industry. Bilfinger has now secured its first order there: one of Iran’s largest refineries is being upgraded and Bilfinger is delivering the entire process control system for the project.
2016-06-23 Tom Blades (59) will assume the role of Chairman of the Executive Board at Bilfinger SE as of July 1, 2016. He joins Bilfinger from Linde AG where he currently serves on the Executive Board. The Bilfinger Supervisory Board had already appointed Blades as the new Chairman of the Executive Board at the beginning of May 2016.
2016-06-17 In 2015, Bilfinger was once again the largest provider of facility services in Germany. In the recently published industry rankings from consulting firm Lünendonk, the company was ranked first, as in the years before.
2016-06-02 The Executive Board of Bilfinger SE has decided to sell the Building and Facility business segment to EQT. The relevant purchase agreement for Building and Facility was signed today. The purchase price amounts to approximately €1.2 billion, which corresponds to an enterprise value of around €1.4 billion. The decision is the result of an intensive review of several purchase bids for the segment. The Supervisory Board of Bilfinger SE approved the sale today. The transaction remains subject to approval from the responsible authorities.
2016-05-25 Bilfinger is building a district heating pipeline from the city of Datteln to the existing district heating grid on behalf of Uniper. The 13.5 kilometer pipeline runs from the newly constructed Datteln 4 power plant via Castrop-Rauxel to Recklinghausen where it will be connected to the district heating grid.
2016-05-20 Bilfinger, as part of an alliance with Accenture, Deloitte and IBM, has won a major order from Thames Water. Within the scope of the project, the largest British water utility intends to comprehensively develop its entire technological infrastructure. To this end, the utility has formed a “Technology and Transformation Alliance“ with the consulting and service companies. Planning for the major project calls for a volume of about €480 million until 2020. Of this total, around 15 percent are attributable to automation technology as Bilfinger’s area of work.
2016-05-11 Following his election by the Annual General Meeting, the Supervisory Board of Bilfinger SE confirmed Dr. Eckhard Cordes, Partner at Cevian Capital AG, as Chairman at its inaugural meeting on May 11, 2016. He assumed the office of Chairman in 2014.
2016-05-11 Following the conclusion of the first quarter, the Executive Board of Bilfinger SE confirms the forecast issued in the middle of March: For financial year 2016, a significant decrease in output volume is expected at Group level. It is anticipated, however, that adjusted EBITA, with a higher margin, will increase slightly as will adjusted net profit.
2016-05-10 The Annual General Meeting of Bilfinger SE will take place on May 11, 2016 in Mannheim. All shareholder representatives in the Supervisory Board face re-election. Should he be re-elected, Dr. Eckhard Cordes will again stand as a candidate for the office of Chairman of the Supervisory Board. Three new candidates are also up for election at the Annual General Meeting.
2016-05-09 The Executive Board of Bilfinger SE today agreed on the restructuring of administration in the Group. In line with the new strategy, processes, structures and systems will be given a more uniform, leaner and efficient structure. To this end, one-time expenses in the high double-digit million euro range are planned.
2016-05-03 The Supervisory Board of Bilfinger SE has appointed Thomas Blades (59) as new Chairman of the Executive Board. His current employer, Linde AG, has agreed on an early cancellation of his current contract. The concerned parties are coordinating when exactly Thomas Blades will take up his duties. Bilfinger SE expects that he will assume the position of Chairman of the Executive Board by the third quarter of 2016 at the latest.
CEO Per H. Utnegaard steps down from Bilfinger Executive Board for personal reasons – Axel Salzmann named interim CEOThe Supervisory Board of Bilfinger SE and Chairman of the Executive Board Per H. Utnegaard (56) have mutually agreed that Per H. Utnegaard will resign as Chairman and member of the Executive Board with effect from April 30, 2016. This step is being taken for personal reasons. The Supervisory Board would like to thank Mr. Utnegaard for his services at Bilfinger.
2016-04-01 Engineering and services group Bilfinger has successfully sold its Water Technologies division to Chinese company Chengdu Techcent Environment Group. The responsible anti-trust authorities approved the deal. As a result of the sale, the company will receive net proceeds in the amount of €200 million as additional liquidity in the first quarter of 2016.
2016-02-25 The engineering and services group Bilfinger has successfully completed installation of a total of 72 foundations for the new Sandbank offshore wind park. The foundation elements were installed 90 kilometers west of the island of Sylt in the German North Sea with the help of a special installation barge in water depths of more than 30 meters.
2016-02-17 Bilfinger, the engineering and services group, has won orders with a total volume of about €60 million from three international pharmaceutical companies. They relate to the design, manufacturing, installation and commissioning of biotechnology production facilities.
2016-02-11 The output volume generated by the Bilfinger Group in financial year 2015 increased by 4 percent to €6,482 million. Orders received amounted to €6,825 million, which corresponds to an increase of 24 percent as compared to the prior-year figure. Order backlog as of the end of the year was up 10 percent to €4,824 million.
2016-02-06 The engineering and services group Bilfinger is selling its Water Technologies division. The buyer is Chinese company Chengdu Techcent Environment Group which has been active in the water technology sector for many years. The agreement was signed today.
2016-02-02 Bilfinger is assuming responsibility for technical facility management for seven locations of the Airbus Group in Southern Germany. The contract has an initial term of five years and total volume in the mid double-digit million range. It covers the locations in Ottobrunn, Manching, Augsburg, Ulm, Friedrichshafen, Lampoldshausen and Donauwörth.
2016-01-21 On behalf of Messe Essen, engineering and services group Bilfinger will modernize large sections of the city’s exhibition grounds. The contract was signed last week. The total investment amounts to approximately €90 million with Bilfinger accounting for a construction volume of about €70 million.
2016-01-13 Bilfinger SE has received offers of interested parties regarding a possible acquisition of the divisions Building, Facility Services and Real Estate of the Building and Facility Segment. The executive board will review such offers in the best interest of the company and its shareholders.
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