Reporting_Factsheet
Reporting Factsheet Q4 2021 and FY 2021
Published on February 10, 2022
Bilfinger Group FY Q4
€ million 2021 2020 Δ in % 2021 2020 Δ in %
Orders received 4,008 3,724 8% 1,028 1,024 0%
Order backlog 2,946 2,585 14% 2,946 2,585 14%
Revenue 3,737 3,461 8% 983 882 11%
EBITDA adjusted 1) 235 125 88% 75 68 11%
EBITA adjusted 1) 137 20 592% 50 42 18%
EBITA margin adjusted 1) 3.7% 0.6% 5.1% 4.8%
EBITA 121 -57 37 14 162%
Amortization 0 -9 0 0
EBIT 121 -66 37 14 163%
Financial result -6 181 7 203 -97%
EBT 115 116 0% 44 217 -80%
Income taxes 8 -8 19 -7
Earnings after taxes from continuing operations 123 108 14% 63 209 -70%
Earnings after taxes from discontinued operations 7 -7 3 -5
Minority interest -1 -2 50% 0 -1
Net profit 130 99 30% 66 203 -68%
Net Profit adjusted 1) 89 -8 41 24 68%
EPS adjusted (in €) 1) 2.19 -0.20 1.01 0.60 68%
Equity ratio 40.9% 36.8% 40.9% 36.8%
Working capital 2) -47 -142 67% -47 -142 67%
Net cash (net debt) 3) 568 138 312% 568 138 312%
Cash flow from operating activities 113 120 -7% 115 23 397%
Adjusted cash flow from operating activities 165 164 1% 125 43 192%
Investments 63 37 71% 23 15 53%
thereof in P, P, E 61 37 68% 22 15 47%
thereof in financial assets 2 0 1 0
Increase in right-of-use assets 36 37 -3% 7 8 -10%
Free cash flow 115 93 23% 113 15 668%
Adjusted free cash flow 167 137 22% 122 34 259%
Employees 29,756 28,893 3% 29,756 28,893 3%
1) Categories of adjustments see table "Special items in EBITA"
2) Delta between current assets, excluding cash and cash equivalents and securities and current liabilities, excluding liabilities to banks.
3) Excluding leasing liabilities (FY 2020: €193m, FY 2021: €185m) and including marketable securities
Reconciliation adjusted earnings FY Q4
€ million 2021 2020 Δ in % 2021 2020 Δ in %
EBITA 121 -57 37 14 163%
Special items 16 77 -80% 13 28 -53%
EBITA adjusted 137 20 592% 50 42 19%
Adjusted financial result -14 -29 50% 7 -7
Adjusted income tax expense -33 2 -15 -9 -67%
Minority interest -1 -2 50% 0 -1
Net Profit adjusted 89 -8 41 24 68%
EPS adjusted (in €) 2.19 -0.20 1.01 0.60 68%
Special items in EBITA FY Q4
2021 2020 Δ in % 2021 2020 Δ in %
Disposal losses/write-downs, selling-related expenses -9 4 0 -1
Restructuring and SG&A efficiency 18 77 -77% 12 25 -52%
Compliance 0 -17 0 0
IT Investments 6 13 -54% 1 4 -75%
Total 16 77 -80% 13 28 -53%
Outlook 2022 FY 2022e FY 2021
€ million
Group
Revenue Significant growth 3,737
EBITA reported / margin (in %) Significant operational improvement 121/ 3.2
Free cash flow reported On good level of FY 2021 115
Segment Engineering & Maintenance Europe
Revenue Slight growth 2,518
EBITA reported / margin (in %) Significant margin improvement in the absence of restructuring expenses, with a stable operating performance 116/ 4.6
Segment Engineering & Maintenance International
Revenue Significant growth 553
EBITA reported / margin (in %) Significant improvement to at least break-even -18/ -3.3
Segment Technologies
Revenue Significant growth 560
EBITA reported / margin (in %) Further significant improvement 19/ 3.4
Reconciliation Group
EBITA reported Significantly below prior year, without special effects (gains from disposals including real-estate in 2021) generally stable level 4
Bilfinger Segments FY Q4
€ million 2021 2020 Δ in % 2021 2020 Δ in %
Orders received
Segment Engineering & Maintenance Europe 2,552 2,449 4% 641 698 -8%
Segment Engineering & Maintenance International 634 441 44% 158 69 127%
Segment Technologies 597 719 -17% 143 228 -37%
Reconciliation Group 225 116 94% 86 28 203%
thereof OOP 253 233 9% 106 47 125%
thereof HQ/ consolidation/ others -28 -117 76% -21 -19 -8%
Group 4,008 3,724 8% 1,028 1,024 0%
Order backlog
Segment Engineering & Maintenance Europe 1,769 1,707 4% 1,769 1,707 4%
Segment Engineering & Maintenance International 490 324 51% 490 324 51%
Segment Technologies 617 560 10% 617 560 10%
Reconciliation Group 71 -5 71 -5
thereof OOP 129 79 65% 129 79 65%
thereof HQ/ consolidation/ others -59 -84 30% -59 -84 30%
Group 2,946 2,585 14% 2,946 2,585 14%
Revenue
Segment Engineering & Maintenance Europe 2,518 2,221 13% 657 586 12%
Segment Engineering & Maintenance International 553 521 6% 159 118 35%
Segment Technologies 560 498 12% 143 140 2%
Reconciliation Group 107 221 -52% 23 39 -42%
thereof OOP 167 263 -36% 39 54 -28%
thereof HQ/ consolidation/ others -61 -41 -46% -15 -14 -7%
Group 3,737 3,461 8% 983 882 11%
EBITA adjusted
Segment Engineering & Maintenance Europe 131 69 90% 40 36 10%
EBITA margin adjusted 5.2% 3.1% 6.0% 6.2%
Segment Engineering & Maintenance International -14 -21 33% 2 2 2%
EBITA margin adjusted -2.5% -4.0% 1.4% 1.9%
Segment Technologies 20 -10 4 9 -59%
EBITA margin adjusted 3.6% -2.1% 2.5% 6.3%
Reconciliation Group 0 -18 4 -5
thereof OOP 2 6 -64% 2 2 13%
thereof HQ/ consolidation/ others -2 -24 91% 2 -7
Group 137 20 592% 50 42 18%
EBITA margin adjusted 3.7% 0.6% 5.1% 4.8%
Organic development
€ million FY 2020 Δ Net acquisitions Δ F/X Δ Organic FY 2021
Orders received
Segment Engineering & Maintenance Europe 2,449 6 0% 29 1% 68 3% 2,552 4%
Segment Engineering & Maintenance International 441 -1 0% -19 -4% 213 48% 634 44%
Segment Technologies 719 -11 -2% 0 0% -111 -15% 597 -17%
Group 3,724 -85 -2% 23 1% 345 9% 4,008 8%
Revenue
Segment Engineering & Maintenance Europe 2,221 3 0% 25 1% 268 12% 2,518 13%
Segment Engineering & Maintenance International 521 -1 0% -17 -3% 50 10% 553 6%
Segment Technologies 498 -9 -2% 0 0% 71 14% 560 12%
Group 3,461 -115 -3% 17 0% 374 11% 3,737 8%
EBITA adjusted
Segment Engineering & Maintenance Europe 69 0 0% 1 1% 61 88% 131 90%
Segment Engineering & Maintenance International -21 -7 35% 1 -4% 14 -65% -14 33%
Segment Technologies -10 -2 15% 0 0% 32 309% 20 293%
Group 20 -17 -84% 2 9% 132 667% 137 592%
Q4 2020 Δ Net acquisitions Δ F/X Δ Organic Q4 2021
Orders received
Segment Engineering & Maintenance Europe 698 4 1% 13 2% -74 -11% 641 -8%
Segment Engineering & Maintenance International 69 0 0% 7 10% 81 117% 158 127%
Segment Technologies 228 -3 -1% 0 0% -82 -36% 143 -37%
Group 1,024 -9 -1% 27 3% -13 -1% 1,028 0%
Revenue
Segment Engineering & Maintenance Europe 586 1 0% 12 2% 58 10% 657 12%
Segment Engineering & Maintenance International 118 0 0% 5 4% 36 31% 159 35%
Segment Technologies 140 -3 -2% 0 0% 6 4% 143 2%
Group 882 -13 -1% 19 2% 95 11% 983 11%
EBITA adjusted
Segment Engineering & Maintenance Europe 36 -0 -0% 0 1% 3 8% 40 10%
Segment Engineering & Maintenance International 2 -2 -76% -1 -28% 2 106% 2 2%
Segment Technologies 9 -0 -5% -0 -0% -5 -54% 4 -59%
Group 42 -2 -6% -0 -0% 10 24% 50 18%

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Bilfinger SE published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 08:29:27 UTC.