Reporting Factsheet Q2 2022 | |||||||||
Published on August 11, 2022 | |||||||||
Bilfinger Group | H1 | Q2 | FY | ||||||
in € million | 2022 | 2021 | Δ in % | 2022 | 2021 | Δ in % | 2021 | ||
Orders received | 2,225 | 2,063 | 8% | 1,107 | 1,061 | 4% | 4,008 | ||
Order backlog | 3,158 | 2,845 | 11% | 3,158 | 2,845 | 11% | 2,946 | ||
Revenue | 2,039 | 1,810 | 13% | 1,078 | 977 | 10% | 3,737 | ||
EBITDA | 89 | 81 | 10% | 57 | 47 | 21% | 222 | ||
EBITA | 41 | 30 | 37% | 32 | 21 | 53% | 121 | ||
thereof special items | -10 | -6 | -59% | 0 | -5 | - | -16 | ||
EBITA margin | 2.0% | 1.7% | - | 3.0% | 2.2% | - | 3.2% | ||
Amortization | 0 | 0 | - | 0 | 0 | - | 0 | ||
EBIT | 41 | 30 | 37% | 32 | 21 | 53% | 121 | ||
Financial result | -12 | -5 | -140% | -5 | -7 | 31% | -6 | ||
EBT | 29 | 25 | 16% | 27 | 14 | 99% | 115 | ||
Income taxes | -16 | -6 | -183% | -9 | -6 | -63% | 8 | ||
Earnings after taxes from continuing operations | 13 | 19 | -33% | 18 | 8 | 123% | 123 | ||
Earnings after taxes from discontinued operations | 1 | 4 | -72% | 1 | 5 | -69% | 7 | ||
Minority interest | 1 | 0 | - | 0 | 0 | - | 1 | ||
Net profit | 13 | 23 | -46% | 19 | 13 | 49% | 130 | ||
EPS (in €) | 0.31 | 0.57 | -46% | 0.46 | 0.31 | 48% | 3.19 | ||
Equity ratio | 38.9% | 36.6% | - | 38.9% | 36.6% | - | 40.9% | ||
Working capital 1) | 80 | 10 | 700% | 80 | 10 | 700% | -42 | ||
Net cash (+) / net debt (-) 2) | 275 | 409 | -33% | 275 | 409 | -33% | 568 | ||
Cash flow from operating activities | -39 | -63 | 38% | 28 | -40 | - | 113 | ||
Investments | 23 | 16 | 44% | 13 | 10 | 30% | 63 | ||
thereof in P,P,E | 23 | 18 | 24% | 13 | 10 | 35% | 61 | ||
thereof in financial assets | 0 | -2 | - | 0 | 0 | - | 2 | ||
Increase in right-of-use assets | 15 | 20 | -26% | 9 | 13 | -36% | 36 | ||
Free cash flow | -57 | -71 | 20% | 19 | -43 | - | 115 | ||
Employees | 30,566 | 29,692 | 3% | 30,566 | 29,692 | 3% | 29,756 | ||
1) Delta between current assets, excluding cash and cash equivalents and securities and current liabilities, excluding liabilities to banks. | |||||||||
2) Excluding leasing liabilities (Q2/22: €183 m; Q1/22: €183 m; Q2/21: €191 m; FY/21: €185 m) and including marketable securities | |||||||||
Outlook 2022 | FY 2022e | FY 2021 | |||||||
in € million | |||||||||
Group | |||||||||
Revenue | Significant increase | 3,737 | |||||||
EBITA | Significant increase | 121 | |||||||
Free cash flow | At prior-year level | 115 | |||||||
Segment Engineering & Maintenance Europe | |||||||||
Revenue | Significant increase | 2,518 | |||||||
EBITA | Significant increase, margin at prior-year level | 116 | |||||||
Segment Engineering & Maintenance International | |||||||||
Revenue | Significant increase | 553 | |||||||
EBITA | Significant increase to at least break-even | -18 | |||||||
Segment Technologies | |||||||||
Revenue | At prior-year level | 560 | |||||||
EBITA | At prior-year level | 19 | |||||||
Reconciliation Group | |||||||||
EBITA | Significantly lower than prior-year, which was impacted by gains of €30 million on real estate disposals. Excluding this effect, a largely stable level is expected. | 4 | |||||||
Bilfinger Segments | H1 | Q2 | FY | ||||||
in € million | 2022 | 2021 | Δ in % | 2022 | 2021 | Δ in % | 2021 | ||
Orders received | |||||||||
Segment Engineering & Maintenance Europe | 1,404 | 1,324 | 6% | 669 | 649 | 3% | 2,552 | ||
Segment Engineering & Maintenance International | 360 | 360 | 0% | 197 | 199 | -1% | 634 | ||
Segment Technologies | 346 | 284 | 22% | 173 | 169 | 3% | 597 | ||
Reconciliation Group | 113 | 94 | 20% | 68 | 44 | 55% | 225 | ||
thereof OOP | 121 | 100 | 21% | 70 | 47 | 48% | 253 | ||
thereof HQ/ consolidation/ others | -8 | -6 | - | -2 | -3 | - | -28 | ||
Group | 2,225 | 2,063 | 8% | 1,107 | 1,061 | 4% | 4,008 | ||
Order backlog | |||||||||
Segment Engineering & Maintenance Europe | 1,796 | 1,821 | -1% | 1,796 | 1,821 | -1% | 1,769 | ||
Segment Engineering & Maintenance International | 550 | 443 | 24% | 550 | 443 | 24% | 490 | ||
Segment Technologies | 697 | 575 | 21% | 697 | 575 | 21% | 617 | ||
Reconciliation Group | 116 | 6 | 1833% | 116 | 6 | 1833% | 71 | ||
thereof OOP | 155 | 67 | 132% | 155 | 67 | 132% | 129 | ||
thereof HQ/ consolidation/ others | -39 | -61 | - | -39 | -61 | - | -59 | ||
Group | 3,158 | 2,845 | 11% | 3,158 | 2,845 | 11% | 2,946 | ||
Revenue | |||||||||
Segment Engineering & Maintenance Europe | 1,360 | 1,227 | 11% | 725 | 665 | 9% | 2,518 | ||
Segment Engineering & Maintenance International | 344 | 253 | 36% | 186 | 143 | 30% | 553 | ||
Segment Technologies | 264 | 276 | -4% | 139 | 145 | -4% | 560 | ||
Reconciliation Group | 71 | 55 | 29% | 29 | 23 | 26% | 107 | ||
thereof OOP | 103 | 84 | 24% | 47 | 39 | 21% | 167 | ||
thereof HQ/ consolidation/ others | -32 | -29 | - | -18 | -16 | - | -61 | ||
Group | 2,039 | 1,810 | 13% | 1,078 | 977 | 10% | 3,737 | ||
EBITA | |||||||||
Segment Engineering & Maintenance Europe | 50 | 54 | -6% | 38 | 38 | -2% | 116 | ||
EBITA margin | 3.7% | 4.4% | - | 5.2% | 5.7% | - | 4.6% | ||
Segment Engineering & Maintenance International | -2 | -16 | 89% | -1 | -9 | 89% | -18 | ||
EBITA margin | -0.5% | -6.2% | - | -0.6% | -6.4% | - | -3.2% | ||
Segment Technologies | 3 | 11 | -69% | 3 | 7 | -53% | 19 | ||
EBITA margin | 1.3% | 3.9% | - | 2.3% | 4.7% | - | 3.4% | ||
Reconciliation Group | -11 | -18 | 39% | -7 | -15 | 53% | 4 | ||
thereof OOP | 6 | -1 | - | 4 | -2 | - | 2 | ||
thereof HQ/ consolidation/ others | -17 | -17 | 1% | -11 | -13 | 14% | 2 | ||
Group | 41 | 30 | 37% | 32 | 21 | 53% | 121 | ||
EBITA margin | 2.0% | 1.7% | - | 3.0% | 2.2% | - | 3.2% | ||
Organic development | |||||||||
in € million | H1 2021 | Δ Net acquisitions | Δ F/X | Δ Organic | H1 2022 | ||||
Orders received | |||||||||
Segment Engineering & Maintenance Europe | 1,324 | 0 | 0% | 6 | 0% | 74 | 6% | 1,404 | 6% |
Segment Engineering & Maintenance International | 360 | 0 | 0% | 31 | 9% | -31 | -9% | 360 | 0% |
Segment Technologies | 284 | 0 | 0% | 0 | 0% | 62 | 22% | 346 | 22% |
Group | 2,063 | -24 | -1% | 42 | 2% | 144 | 7% | 2,225 | 8% |
Revenue | |||||||||
Segment Engineering & Maintenance Europe | 1,227 | 0 | 0% | 7 | 1% | 126 | 10% | 1,360 | 11% |
Segment Engineering & Maintenance International | 253 | 0 | 0% | 30 | 12% | 61 | 24% | 344 | 36% |
Segment Technologies | 276 | 0 | 0% | 1 | 0% | -13 | -5% | 264 | -4% |
Group | 1,810 | -16 | -1% | 42 | 2% | 203 | 11% | 2,039 | 13% |
EBITA | |||||||||
Segment Engineering & Maintenance Europe | 54 | 0 | 0% | 0 | 0% | -4 | -6% | 50 | -6% |
Segment Engineering & Maintenance International | -16 | 0 | 0% | 0 | 2% | 14 | 90% | -2 | 89% |
Segment Technologies | 11 | 0 | 0% | 0 | 0% | -8 | -69% | 3 | -69% |
Group | 30 | 2 | 7% | 0 | -1% | 9 | 31% | 41 | 37% |
Q2 2021 | Δ Net acquisitions | Δ F/X | Δ Organic | Q2 2022 | |||||
Orders received | |||||||||
Segment Engineering & Maintenance Europe | 649 | 0 | 0% | -1 | 0% | 21 | 3% | 669 | 3% |
Segment Engineering & Maintenance International | 199 | 0 | 0% | 21 | 11% | -23 | -12% | 197 | -1% |
Segment Technologies | 169 | 0 | 0% | 0 | 0% | 4 | 3% | 173 | 3% |
Group | 1,061 | -16 | -2% | 21 | 2% | 41 | 4% | 1,107 | 4% |
Revenue | |||||||||
Segment Engineering & Maintenance Europe | 665 | 0 | 0% | 2 | 0% | 58 | 9% | 725 | 9% |
Segment Engineering & Maintenance International | 143 | 0 | 0% | 20 | 14% | 23 | 16% | 186 | 30% |
Segment Technologies | 145 | 0 | 0% | 0 | 0% | -6 | -5% | 139 | -4% |
Group | 977 | -7 | -1% | 22 | 2% | 86 | 9% | 1,078 | 10% |
EBITA | |||||||||
Segment Engineering & Maintenance Europe | 38 | 0 | 0% | -1 | -2% | 1 | 0% | 38 | -2% |
Segment Engineering & Maintenance International | -9 | 0 | 5% | 0 | 2% | 9 | 84% | -1 | 89% |
Segment Technologies | 7 | 0 | 0% | 0 | 0% | -4 | -53% | 3 | -57% |
Group | 21 | 2 | 10% | -1 | -4% | 10 | 49% | 32 | 53% |
&14 &11
Bilfinger SE Investor Relations &P
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Bilfinger SE published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 07:40:10 UTC.