Bilfinger is a leading international industrial services provider. With our 30,000 employees we provide our customers with tailor-made engineering and services throughout the entire lifecycle of an industrial plant: from consulting and engineering through to manufacturing and assembly as well as comprehensive maintenance concepts and their implementation. We stand for the highest standards of safety and quality. In accordance with our corporate strategy, we focus our activities on two service lines, four business units and six industries ("2-4-6 concept").
We have bundled our services in the two service lines Engineering & Maintenance as well as Technologies.
Engineering & Maintenance (E&M) includes all our activities in ongoing maintenance services, modifications and operational management of industrial plants. This typically relates to a services business on the basis of long-term framework agreements to secure ongoing operations of a plant (operational expenditure - OPEX). Bilfinger provides its E&M services locally at the customers’ sites, mainly in Europe, North America and the Middle East.
Technologies provides solutions for the process industry that are informed by increasing environmental awareness, by greater demands on competitiveness, by technological innovations, and by the desire to enhance the performance of industrial plants. Its core competencies are in the fields of servicing, constructing, and digitally networking components and systems for the cost-effective, low-emission operation of energy systems and industrial plants with stringent process and materials requirements. Bilfinger provides its Technologies services globally for customers all over the world.
We concentrate our services on four business units: Engineering & Maintenance Europe, Engineering & Maintenance North America, Engineering & Maintenance Middle East as well as Technologies. We have been operating successfully in these business units for decades and as a result of our outstanding quality, we have a very strong reputation.
We have extensive expertise and excellent customer relationships in our core industries chemicals & petrochemicals, energy & utilities as well as oil & gas. In addition to these three core industries, we also provide services in the pharma & biopharma, metallurgy and cement industries.
Bilfinger will build on its current position and target further improvements with a view to achieving a reported EBITA margin of 5 percent by 2024. With organic growth combined with selected bolt-on M&A transactions, Group revenues will increase to more than €5 billion by 2024. A strong focus on cash conversion will result in a reported free cash flow of more than €200 million by 2024, paving the way for a sustainable dividend payout of 40 to 60 percent of adjusted net profit while reasserting the company’s commitment to returning to investment grade. Our markets - both in Engineering & Maintenance and in Technologies - offer the potential and growth opportunities necessary for that: We help our customers find solutions for the challenges that come with climate change, for example with technology to reduce energy consumption or emissions. Our customers’ aging assets require increasing care and maintenance to ensure their integrity and safe operation. We can guarantee this with our decades of experience in the process industry. And with Bilfinger’s expertise in data and artificial intelligence, we help our customers transition into the digital age.