Interim Report Q2 2009
August 13, 2009
August 13, 2009
Bilfinger Berger: Interim Report Q2 2009
- Growth in output volume and orders received
- Strong increase in earnings
- Outlook confirmed
Bilfinger Berger is successfully maintaining its strong position in the face of difficult economic conditions. In the first half of 2009, output volume and orders received rose slightly and earnings increased significantly. Against the backdrop of continued positive development in services and a generally stable construction business, the Company confirms its outlook for the full year.
Growth in output volume and orders received
The Bilfinger Berger Group’s total output volume increased by 3 percent to €5,101 million in the first six months of this year. Orders received were up by 2 percent to €5,367 million, surpassing the level of output volume. Order backlog remained high, amounting to €10,958 million at the end of June. While business volumes in construction decreased in line with the sale of the French subsidiary, Razel, output volume, orders received and order backlog in the Services business segment recorded further increases.
Strong increase in earnings
EBIT for the first half of this year increased to €119 million (H1 2008: €53 million), earnings before taxes rose to €103 million (H1 2008: €52 million) and net profit grew to €65 million
(H1 2008: €36 million). Here, the fact that EBIT in the prior-year period was burdened by a one-time effect in the amount of €65 million must be considered. This was partially offset by a gain of €9 million on the sale of office buildings used by Bilfinger Berger.
Outlook confirmed
For financial year 2009, Bilfinger Berger anticipates Group output volume in the range of €10 billion. The Company believes EBIT and net profit will at least maintain the prior-year level of €250 million and €140 million respectively, adjusted for the exceptional item from the sale of Razel.
Key figures for the Group (€ million) |
- | H1 2009 | H1 2008 | ? in % | FY 2008 |
Output volume | 5,101 | 4,948 | + 3 | 10,742 |
Orders received | 5,367 | 5,253 | + 2 | 10,314 |
Order backlog | 10,958 | 11,292 | - 3 | 10,649 |
EBIT | + 119 | + 53 | + 125 | + 298 |
Earnings before taxes | + 103 | + 52 | + 98 | + 284 |
Net profit | + 65 | + 36 | + 81 | + 200 |
Earnings per share (in €) | + 1.83 | + 0.98 | + 87 | + 5.61 |
Investments
- in P, P & E
- in financial assets | 208
66
142 | 229
107
122 | - 9
- 38
+ 16 | 697
237
460 |
Employees | 61,433 | 59,302 | + 4 | 60,923 |
