Reporting Factsheet Q1 2024
Published on May 15, 2024
Bilfinger Group | Q1 | FY | |||||||
in € million | 2024 | 2023 | Δ in % | 2023 | |||||
Orders received | 1,144 | 1,385 | -17% | 4,735 | |||||
Order backlog | 3,448 | 3,491 | -1% | 3,385 | |||||
Revenue | 1,088 | 1,053 | 3% | 4,486 | |||||
EBITDA | 68 | 46 | 50% | 289 | |||||
EBITA | 43 | 22 | 100% | 191 | |||||
EBITA margin | 4.0% | 2.1% | 4.3% | ||||||
thereof special items | -1 | 0 | - | -1 | |||||
Amortization | 0 | 0 | - | -1 | |||||
EBIT | 43 | 22 | 99% | 190 | |||||
Financial result | -6 | -6 | - | -26 | |||||
EBT | 37 | 15 | 137% | 163 | |||||
Income taxes | -11 | -8 | - | 18 | |||||
Earnings after taxes from continuing operations | 26 | 7 | 243% | 182 | |||||
Earnings after taxes from discontinued operations | 0 | 0 | - | 3 | |||||
Minority interest | -1 | -1 | - | -4 | |||||
Net profit | 25 | 7 | 273% | 181 | |||||
Net profit adjusted | 27 | 11 | 149% | 117 | |||||
Number of outstanding shares (average, in thousands) | 37,484 | 37,406 | 37,462 | ||||||
EPS (in €) | 0.66 | 0.18 | 272% | 4.84 | |||||
EPS adjusted (in €) | 0.71 | 0.29 | 148% | 3.12 | |||||
Equity ratio | 38.7% | 35.0% | 35.2% | ||||||
Working capital 1 | 108 | -1 | - | 51 | |||||
Net cash (+) / net debt (-)2 | 261 | 266 | -2% | 290 | |||||
Cash flow from operating activities | 38 | -15 | - | 151 | |||||
Gross Capex in PPE | -15 | -12 | - | -59 | |||||
Increase in right-of-use assets | 9 | 15 | -41% | 33 | |||||
Free cash flow | 24 | -26 | - | 122 | |||||
Employees | 28,612 | 29,514 | -3% | 28,650 |
1) Delta between current assets, excluding cash and cash equivalents and securities and current liabilities, excluding liabilities to banks.
2) Excluding leasing liabilities (Q1 2024: 168€ million; FY 2023: €170 million; Q1 2023: €187 million) and including marketable securities
Outlook 2024 3 | FY 2023 | FY 2024e | YTD | ||||||||
in € million / % | |||||||||||
Group | |||||||||||
Revenue | 4,486 | 4,500 | to | 4,800 | 1,088 | ||||||
EBITA Margin | 4.3% | 4.9% | to | 5.2% | 4.0% | ||||||
Free cash flow | 122 | 100 | to | 140 4 | 24 | ||||||
Segment Engineering & Maintenance Europe 5 | |||||||||||
Revenue | 3,033 | 2,900 | to | 3,200 | 729 | ||||||
EBITA Margin | 5.1% | 5.9% | to | 6.2% | 4.5% | ||||||
Segment Engineering & Maintenance International | |||||||||||
Revenue | 682 | 650 | to | 750 | 162 | ||||||
EBITA Margin | 0.4% | 2.5% | to | 4.0% | 2.1% | ||||||
Segment Technologies 6 | |||||||||||
Revenue | 684 | 750 | to | 850 | 170 | ||||||
EBITA Margin | 5.9% | 5.0% | to | 5.5% | 4.2% | ||||||
Reconciliation Group 7 | |||||||||||
Revenue | 87 | 50 | to | 75 | 27 | ||||||
EBITA | -9 | -15 | to | -25 | 0 | ||||||
- Without Stork
- Including ~ € 40 million special items cash-out efficiency program, corresponds to Cash Conversion adjusted of ~70%
- Restatement of 2023 figures due to new allocation of entities: revenue +54; EBITA margin -0.3 percentage points
- Restatement of 2023 figures due to new allocation of entities: revenue -53; EBITA margin +1.4 percentage points
- Restatement of 2023 figures due to new allocation of entities: revenue -1; EBITA -2
Bilfinger SE - Investor Relations | 1 |
Bilfinger Segments | Q1 | FY | |||||
in € million | 2024 | 2023 | Δ in % | 2023 | |||
Orders received | |||||||
Segment Engineering & Maintenance Europe 8 | 801 | 933 | -14% | 3,125 | |||
Segment Engineering & Maintenance International | 156 | 241 | -35% | 733 | |||
Segment Technologies 9 | 160 | 182 | -12% | 743 | |||
Reconciliation Group 10 | 28 | 30 | -8% | 134 | |||
thereof OOP | 53 | 34 | 54% | 166 | |||
thereof HQ/ consolidation/ others 10 | -25 | -4 | - | -32 | |||
Group | 1,144 | 1,385 | -17% | 4,735 | |||
Order backlog | |||||||
Segment Engineering & Maintenance Europe 8 | 2,097 | 2,145 | -2% | 2,032 | |||
Segment Engineering & Maintenance International | 556 | 607 | -9% | 551 | |||
Segment Technologies 9 | 703 | 663 | 6% | 709 | |||
Reconciliation Group 10 | 93 | 76 | 22% | 93 | |||
thereof OOP | 111 | 113 | -2% | 106 | |||
thereof HQ/ consolidation/ others 10 | -18 | -37 | - | -13 | |||
Group | 3,448 | 3,491 | -1% | 3,385 | |||
Revenue | |||||||
Segment Engineering & Maintenance Europe 8 | 729 | 695 | 5% | 3,033 | |||
Segment Engineering & Maintenance International | 162 | 171 | -5% | 682 | |||
Segment Technologies 9 | 170 | 167 | 2% | 684 | |||
Reconciliation Group 10 | 27 | 21 | 28% | 87 | |||
thereof OOP | 47 | 35 | 37% | 167 | |||
thereof HQ/ consolidation/ others 10 | -21 | -14 | - | -80 | |||
Group | 1,088 | 1,053 | 3% | 4,486 | |||
EBITA | |||||||
Segment Engineering & Maintenance Europe 8 | 33 | 23 | 40% | 156 | |||
EBITA margin | 4.5% | 3.3% | 5.1% | ||||
Segment Engineering & Maintenance International | 3 | -6 | - | 3 | |||
EBITA margin | 2.1% | -3.3% | 0.4% | ||||
Segment Technologies 9 | 7 | 7 | 0% | 40 | |||
EBITA margin | 4.2% | 4.3% | 5.9% | ||||
Reconciliation Group 10 | 0 | -3 | - | -9 | |||
thereof OOP | 5 | 3 | 49% | 14 | |||
thereof HQ/ consolidation/ others 10 | -4 | -6 | - | -23 | |||
Group | 43 | 22 | 100% | 191 | |||
EBITA margin | 4.0% | 2.1% | 4.3% |
- Restatement of 2023 figures due to new allocation of entities: Q1 2023: Order received +11; order backlog +47; revenue +12; EBITA -2 | FY 2023: Order received +31; order backlog +24; revenue +54; EBITA -5
- Restatement of 2023 figures due to new allocation of entities: Q1 2023: Order received -11; order backlog -42; revenue -11; EBITA +2 | FY 2023: Order received -34; order backlog -23; revenue -53; EBITA +7
- Restatement of 2023 figures due to new allocation of entities: Q1 2023: Order received 0; order backlog -5; revenue 0; EBITA 0| FY 2023: Order received +3; order backlog -1; revenue -1; EBITA -2
Organic development
in € million | Q1 2023 | Δ Net acquisitions | Δ F/X | Δ Organic | Q1 2024 | ||||||
Orders received | |||||||||||
Segment Engineering & Maintenance Europe | 933 | 2 | 0% | 4 | 0% | -138 | -15% | 801 | -14% | ||
Segment Engineering & Maintenance International | 241 | 0 | 0% | -2 | -1% | -83 | -34% | 156 | -35% | ||
Segment Technologies | 182 | 0 | 0% | 0 | 0% | -22 | -12% | 160 | -12% | ||
Group | 1,385 | 2 | 0% | -1 | 0% | -242 | -17% | 1,144 | -17% | ||
Revenue | |||||||||||
Segment Engineering & Maintenance Europe | 695 | 4 | 1% | 3 | 0% | 27 | 4% | 729 | 5% | ||
Segment Engineering & Maintenance International | 171 | 0 | 0% | -2 | -1% | -7 | -4% | 162 | -5% | ||
Segment Technologies | 167 | 0 | 0% | 1 | 1% | 2 | 1% | 170 | 2% | ||
Group | 1,053 | 4 | 0% | -1 | 0% | 32 | 3% | 1,088 | 3% | ||
EBITA | |||||||||||
Segment Engineering & Maintenance Europe | 23 | 0 | 0% | 0 | 1% | 9 | 39% | 33 | 40% | ||
Segment Engineering & Maintenance International | -6 | 0 | - | 0 | - | 9 | - | 3 | - | ||
Segment Technologies | 7 | 0 | -2% | 0 | 0% | 0 | 2% | 7 | 0% | ||
Group | 22 | 0 | -1% | 0 | -1% | 22 | 102% | 43 | 100% | ||
Bilfinger SE - Investor Relations | 2 |
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Bilfinger SE published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:16:34 UTC.