Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €0.99 (vs €0.84 in 1Q 2025) First quarter 2026 results: EPS: €0.99 (up from €0.84 in 1Q 2025). Revenue: €1.31b (up 3.6% from 1Q 2025). Net income: €36.7m (up 17% from 1Q 2025). Profit margin: 2.8% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 13
Dividend increased to €2.80 Dividend of €2.80 is 17% higher than last year. Ex-date: 21st May 2026 Payment date: 25th May 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 04
Bilfinger SE announces Annual dividend, payable on May 25, 2026 Bilfinger SE announced Annual dividend of EUR 2.8000 per share payable on May 25, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Declared Dividend • Apr 04
Dividend increased to €2.80 Dividend of €2.80 is 17% higher than last year. Ex-date: 21st May 2026 Payment date: 26th May 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: €4.74 (vs €4.75 in FY 2024) Full year 2025 results: EPS: €4.74 (down from €4.75 in FY 2024). Revenue: €5.43b (up 7.7% from FY 2024). Net income: €175.9m (down 1.2% from FY 2024). Profit margin: 3.2% (down from 3.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 39% per year. Announcement • Dec 19
Bilfinger SE (XTRA:GBF) agreed to acquire Teknokon Servis & Bakim and Teknokon Endustri Tesisleri Insaat Ve Montaj Anonim Sirketi from Teknokon Makina Imalat Ve Montaj Anonim Sirketi. Bilfinger SE (XTRA:GBF) agreed to acquire Teknokon Servis & Bakim and Teknokon Endustri Tesisleri Insaat Ve Montaj Anonim Sirketi from Teknokon Makina Imalat Ve Montaj Anonim Sirketi on December 18, 2025. The transaction is subject to competition authority approval and is expected to close in the first half of 2026. Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €1.38b (up 7.8% from 3Q 2024). Net income: €54.6m (flat on 3Q 2024). Profit margin: 3.9% (down from 4.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Europe. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: €1.30 (vs €1.26 in 2Q 2024) Second quarter 2025 results: EPS: €1.30 (up from €1.26 in 2Q 2024). Revenue: €1.35b (up 3.7% from 2Q 2024). Net income: €47.9m (up 1.5% from 2Q 2024). Profit margin: 3.5% (in line with 2Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €92.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total returns to shareholders of 234% over the past three years. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €0.84 (vs €0.66 in 1Q 2024) First quarter 2025 results: EPS: €0.84 (up from €0.66 in 1Q 2024). Revenue: €1.27b (up 17% from 1Q 2024). Net income: €31.5m (up 28% from 1Q 2024). Profit margin: 2.5% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 37% per year. Upcoming Dividend • May 08
Upcoming dividend of €2.40 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Austrian dividend payers (5.0%). Lower than average of industry peers (3.6%). Announcement • Apr 02
Bilfinger SE, Annual General Meeting, May 14, 2025 Bilfinger SE, Annual General Meeting, May 14, 2025, at 13:00 W. Europe Standard Time. Declared Dividend • Mar 06
Dividend increased to €2.40 Dividend of €2.40 is 33% higher than last year. Ex-date: 15th May 2025 Payment date: 19th May 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.6% average weekly change). Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: €4.75 (vs €4.75 in FY 2023) Full year 2024 results: EPS: €4.75 (down from €4.75 in FY 2023). Revenue: €5.04b (up 12% from FY 2023). Net income: €178.0m (flat on FY 2023). Profit margin: 3.5% (down from 4.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
Bilfinger SE announces Annual dividend, payable on May 19, 2025 Bilfinger SE announced Annual dividend of EUR 2.4000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025. Announcement • Dec 18
Bilfinger SE (XTRA:GBF) agreed to acquire Rodoverken Ab from Induroc Fastighets Ab. Bilfinger SE (XTRA:GBF) agreed to acquire Rodoverken Ab from Induroc Fastighets Ab on December 13, 2024. The transaction includes both Rodoverken’s prefabrication site in Gródek, Poland, and its offices in Stenungsund, Sweden, as well as a total of around 100 employees.
For the period ending December 31, 2023, Rodoverken Ab reported total revenue of €30 million.
The transaction is subject to subject to antitrust regulations. The expected completion of the transaction is in the first quarter of 2025. Announcement • Aug 16
Bilfinger SE to Report Q2, 2025 Results on Aug 14, 2025 Bilfinger SE announced that they will report Q2, 2025 results at 12:00 PM, Central European Standard Time on Aug 14, 2025 Announcement • Aug 15
Bilfinger SE to Report Fiscal Year 2024 Results on Mar 04, 2025 Bilfinger SE announced that they will report fiscal year 2024 results on Mar 04, 2025 Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €0.66 (vs €0.18 in 1Q 2023) First quarter 2024 results: EPS: €0.66 (up from €0.18 in 1Q 2023). Revenue: €1.09b (up 3.3% from 1Q 2023). Net income: €24.6m (up 267% from 1Q 2023). Profit margin: 2.3% (up from 0.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • May 09
Upcoming dividend of €1.80 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Austrian dividend payers (5.9%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: €4.75 (vs €0.71 in FY 2022) Full year 2023 results: EPS: €4.75 (up from €0.71 in FY 2022). Revenue: €8.97b (up 108% from FY 2022). Net income: €356.0m (up €327.7m from FY 2022). Profit margin: 4.0% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Feb 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (92% payout ratio). Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Jan 24
Bilfinger SE to Report Q4, 2023 Results on Feb 14, 2024 Bilfinger SE announced that they will report Q4, 2023 results at 7:00 AM, Central European Standard Time on Feb 14, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €1.12b (up 3.9% from 3Q 2022). Net income: €36.6m (up 63% from 3Q 2022). Profit margin: 3.3% (up from 2.1% in 3Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in Europe. Announcement • Sep 07
Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR). Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR) on September 7, 2023. This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024. Lazard is the financial advisor to Fluor Corporation (NYSE:FLR) on this transaction. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €1.12b (up 3.9% from 2Q 2022). Net income: €29.8m (up 66% from 2Q 2022). Profit margin: 2.7% (up from 1.7% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in Europe. New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (122% payout ratio). Share price has been volatile over the past 3 months (4.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €35.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total returns to shareholders of 188% over the past three years. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: €0.19 (vs €0.15 loss in 1Q 2022) First quarter 2023 results: EPS: €0.19 (up from €0.15 loss in 1Q 2022). Revenue: €1.05b (up 9.6% from 1Q 2022). Net income: €7.00m (up €13.0m from 1Q 2022). Profit margin: 0.7% (up from net loss in 1Q 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 14
Upcoming dividend of €1.30 per share at 3.3% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Austrian dividend payers (5.6%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €0.71 (vs €3.02 in FY 2021) Full year 2022 results: EPS: €0.71 (down from €3.02 in FY 2021). Revenue: €4.31b (up 15% from FY 2021). Net income: €28.0m (down 77% from FY 2021). Profit margin: 0.6% (down from 3.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €37.08, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Commercial Services industry in Europe. Total returns to shareholders of 38% over the past three years. Announcement • Feb 16
Bilfinger SE to Report First Half, 2023 Results on Aug 14, 2023 Bilfinger SE announced that they will report first half, 2023 results on Aug 14, 2023 Announcement • Jan 20
Bilfinger SE to Report Fiscal Year 2022 Results on Feb 14, 2023 Bilfinger SE announced that they will report fiscal year 2022 results at 7:00 AM, Central European Standard Time on Feb 14, 2023 Reported Earnings • Nov 11
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €1.08b (up 14% from 3Q 2021). Net income: €22.4m (down 46% from 3Q 2021). Profit margin: 2.1% (down from 4.4% in 3Q 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.44 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €0.44 (up from €0.20 in 2Q 2021). Revenue: €1.08b (up 10% from 2Q 2021). Net income: €18.0m (up 122% from 2Q 2021). Profit margin: 1.7% (up from 0.8% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 09
Bilfinger SE (DB:GBF) commences an Equity Buyback for 10% of its issued share capital, for €100 million, under the authorization approved on May 11, 2022. Bilfinger Berger SE (DB:GBF) commences share repurchases on July 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 11, 2022. As per the mandate, the company is authorized to repurchase its shares, representing 10% of its share capital, for a total consideration of €100 million. If the shares are repurchased over a stock exchange, the purchase price per share shall not exceed by more than 10%, and not fall short of by more than 20%, the opening auction price on the trading day in Frankfurt am Main in the XETRA trading system. The repurchased shares will be cancelled. The purchase may also be affected through dependent group companies of Bilfinger Berger AG within the meaning of Section 17 AktG or through third parties for the account of Bilfinger Berger AG or of such dependent group companies. The authority is valid until May 10, 2027.
On September 1, 2017, the company announced that the Executive Board of the company with the approval of the Supervisory Board has decided to acquire treasury shares of the company. Under the program, the company will repurchase up to 4,103,732 shares for a total consideration of €100 million. The program will be effected during the period from July 1, 2022 to March 17, 2023. Announcement • Jun 17
Bilfinger SE Announces Board Changes The Supervisory Board of Bilfinger SE and the company's Chief Financial Officer, Christina Johansson agreed by best mutual consent to comply with Christina Johansson's wish to terminate her Executive Board mandate for personal reasons as of 30 June 2022. Accordingly, Christina Johansson has declared her resignation as a member of the Executive Board with effect from 30 June 2022 and is withdrawing from the day-to-day business. Now that this transition period has been successfully completed with the arrival of Dr. Thomas Schulz as Chairman of the Executive Board, she plans to devote her time to new professional challenges. The Supervisory Board has appointed Matti Jakel, currently Executive President of Bilfinger's Other Operations Division, as her successor. He will assume the role of Chief Financial Officer for three years as of July 1. Matti Jakel has worked for Bilfinger in several positions since 1989 and has made a significant contribution to the company's progress by combining his skills as a business economist and civil engineer. He has played a key role in the development of Bilfinger's current core business as an industrial services provider since 2010. In addition, Matti Jakel has gained extensive experience in finance and controlling as Finance Director of the former Industrial Maintenance Division and the Continental Europe Region. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €27.88, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Commercial Services industry in Europe. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.62 per share. Reported Earnings • May 13
First quarter 2022 earnings released: €0.15 loss per share (vs €0.27 profit in 1Q 2021) First quarter 2022 results: €0.15 loss per share (down from €0.27 profit in 1Q 2021). Revenue: €961.0m (up 15% from 1Q 2021). Net loss: €6.00m (down 155% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 4.3%, compared to a 25% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of €4.75 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Austrian dividend payers (4.6%). In line with average of industry peers (2.7%). Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €3.02 (up from €2.64 in FY 2020). Revenue: €3.74b (up 8.0% from FY 2020). Net income: €122.7m (up 15% from FY 2020). Profit margin: 3.3% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.3%, compared to a 27% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €3.02 (up from €2.64 in FY 2020). Revenue: €3.74b (up 8.0% from FY 2020). Net income: €122.7m (up 15% from FY 2020). Profit margin: 3.3% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.3%, compared to a 27% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Bilfinger SE to Report Q1, 2022 Results on May 11, 2022 Bilfinger SE announced that they will report Q1, 2022 results on May 11, 2022 Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €3.03 (up from €2.64 in FY 2020). Revenue: €3.74b (up 8.0% from FY 2020). Net income: €123.0m (up 16% from FY 2020). Profit margin: 3.3% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.6%, compared to a 34% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €1.03 (vs €0.42 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €945.0m (up 8.6% from 3Q 2020). Net income: €42.0m (up €59.0m from 3Q 2020). Profit margin: 4.4% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS €0.20 (vs €1.52 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €977.1m (up 23% from 2Q 2020). Net income: €8.10m (up €69.4m from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 12
Bilfinger SE Will Propose A Special Dividend for Financial Year 2021 The Executive Board and Supervisory Board of Bilfinger SE will propose a special dividend of €3.75 per share to the 2022 Annual General Meeting, i.e. a distribution to shareholders of around €150 million. This will be in addition to the regular dividend for financial year 2021. Executive Departure • Jul 13
Advisor Thomas Blades has left the company On the 30th of June, Thomas Blades was replaced as CEO by Christina Johansson. We don't have any record of a personal shareholding under Thomas' name. Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.08 years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS €0.27 (vs €0.57 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €833.0m (down 9.0% from 1Q 2020). Net income: €11.0m (up €34.0m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 07
Altrad Talks on $1.8 Billion Bilfinger Deal Reportedly Fall Apart Altrad Investment Authority S.A.S.’s (Altrad SA) talks over a potential takeover Bilfinger SE (XTRA:GBF) have fallen apart following disagreements over price, ending months of uncertainty around a deal, people familiar with the matter said. The French suitor indicated it would be willing to pay about €34 per share, valuing Bilfinger at around €1.5 billion ($1.8 billion), according to the people. Bilfinger deemed the proposal too low and refused to grant due diligence to Altrad, the people said, asking not to be identified because the information is private. Altrad wasn’t willing to improve its offer without receiving access to more detailed information on the business, and talks between the two companies ended last week, the people said. Private equity interest in the business has also cooled, and Bilfinger isn’t currently in any active discussions with buyout firms, the people said. The company has long been considered a takeover candidate, and it could still get fresh approaches. Representatives for Altrad and Bilfinger declined to comment. Upcoming Dividend • Apr 09
Upcoming dividend of €1.88 per share Eligible shareholders must have bought the stock before 16 April 2021. Payment date: 20 April 2021. Trailing yield: 5.9%. Within top quartile of Austrian dividend payers (3.2%). Higher than average of industry peers (2.1%). Is New 90 Day High Low • Mar 09
New 90-day high: €31.76 The company is up 24% from its price of €25.56 on 09 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €77.17 per share. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 10%, compared to a 29% growth forecast for the Commercial Services industry in Austria. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 11%, compared to a 24% growth forecast for the Commercial Services industry in Austria. Announcement • Feb 11
Bilfinger SE to Report Q4, 2020 Results on Feb 11, 2021 Bilfinger SE announced that they will report Q4, 2020 results at 7:00 AM, Central European Standard Time on Feb 11, 2021 Announcement • Feb 09
Altrad Reportedly in Talks to Buy Bilfinger Altrad Investment Authority S.A.S. is in talks over a possible acquisition of Bilfinger SE (XTRA:GBF), sources close to the matter told Reuters. The discussions are not yet exclusive and an alternative deal led by Clayton Dubilier & Rice remains a possibility, one of the sources said. Both Altrad and CD&R have offered more than €30 a share for Bilfinger which has a market value of €1.3 billion ($1.57 billion), this source said, cautioning that any deal may be several weeks away and negotiations could still fall apart. Bilfinger and CD&R declined to comment, while Altrad was not immediately available for comment. Is New 90 Day High Low • Feb 04
New 90-day high: €29.48 The company is up 71% from its price of €17.29 on 05 November 2020. The Austrian market is up 35% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.30 per share. Announcement • Jan 21
Bilfinger Se Announces Resignation of Tom Blades as Director The Supervisory Board of Bilfinger SE and CEO Tom Blades (64) mutually have agreed to comply with Tom Blades' request not to extend his contract beyond June 30, 2021 for personal reasons and against the background of his reaching the age of 65. In consent with the Supervisory Board, Tom Blades has declared his resignation from his mandate as a member of the Executive Board with immediate effect and withdraws from daily business. In order to ensure a smooth transition, Tom Blades has agreed to be available to provide further support to the Company. Announcement • Jan 20
Bilfinger SE Announces Executive Changes The Supervisory Board of Bilfinger SE and CEO Tom Blades (64) mutually have agreed to comply with Tom Blades' request not to extend his contract beyond June 30, 2021 for personal reasons and against the background of his reaching the age of 65. In consent with the Supervisory Board, Tom Blades has declared his resignation from his mandate as a member of the Executive Board and CEO with immediate effect and withdraws from daily business. CFO Christina Johansson assumes the duties of CEO and Labor Director on an interim basis, retaining her current functions. In order to ensure a smooth transition, Tom Blades has agreed to be available to provide further support to the Company. Is New 90 Day High Low • Jan 18
New 90-day high: €29.30 The company is up 54% from its price of €19.01 on 20 October 2020. The Austrian market is up 32% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.17 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €25.92 The company is up 68% from its price of €15.47 on 01 October 2020. The Austrian market is up 29% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.94 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €24.62 The company is up 49% from its price of €16.52 on 10 September 2020. The Austrian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.19 per share. Announcement • Nov 25
CVC Capital Reportedly Says to Be Eyeing Bilfinger Bilfinger SE (ETR:GBF) is said to have drawn the interest of CVC Capital Partners SICAV-FIS S.A, which will seek to outbid rival suitor Clayton, Dubilier & Rice, LLC, or CD & R, Bloomberg reported on November 20, 2020, citing sources in the know. It is still uncertain whether a deal will be agreed because considerations are in an early phase, the report said. CVC Capital Partners SICAV-FIS S. A has joined the race for Bilfinger SE (ETR:GBF), according to people familiar with the matter. It’s competing with rival buyout firm Clayton Dubilier & Rice, whose interest in Mannheim-based Bilfinger prompted other suitors to make approaches, the people said, asking not to be identified because discussions are private. Some suitors are considering acquiring Bilfinger, growing the business through acquisitions and eventually seeking a listing of the larger entity, people familiar with the matter have said. Announcement • Nov 14
Bilfinger Not in Talks with Private Equity Investors Bilfinger SE (XTRA:GBF) is not up for sale, Chief Executive Officer Tom Blades said on November 12, 2020 as a response to recent market rumours. The weak share price drew the interest of investors and several financial investors approached the company in the summer, Blades said as cited by news agency DPA-Afx. The German company has lost more than 70% of its market value since 2014 and now is worth about €923 million ($1.09 billion). However, it is not involved in a sale process with a private equity firm, the Chief Executive added. Earlier in November, 2020 newspaper Frankfurter Allgemeine Zeitung reported that Bilfinger was considering a sale of the company to Clayton, Dubilier & Rice, LLC, or CD & R, and was working with financial services provider Perella Weinberg Partners on a potential deal. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 3.6%, compared to a 2,542% growth forecast for the Commercial Services industry in Austria. Reported Earnings • Nov 13
Third quarter 2020 earnings released: €0.42 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €870.0m (down 21% from 3Q 2019). Net loss: €17.0m (down 440% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Bilfinger SE (XTRA:GBF) signed a contract to acquire Height Specialists. Bilfinger SE (XTRA:GBF) signed a contract to acquire Height Specialists on November 10, 2020. Is New 90 Day High Low • Nov 11
New 90-day high: €20.78 The company is up 21% from its price of €17.15 on 12 August 2020. The Austrian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.99 per share. Announcement • Oct 15
DI Erste Beratungs GmbH acquired Bilfinger Industrial Services Czech s.r.o., Bilfinger Euromont a.s. and Bilfinger Slovensko s.r.o. from Bilfinger SE (XTRA:GBF). Deutsche Invest Mittelstand GmbH acquired Bilfinger Industrial Services Czech s.r.o., Bilfinger Euromont a.s. and Bilfinger Slovensko s.r.o. from Bilfinger SE (XTRA:GBF) in September 2020. goetzpartners acted as financial advisor to Deutsche Invest Mittelstand.
Deutsche Invest Mittelstand GmbH completed the acquisition of Bilfinger Industrial Services Czech s.r.o., Bilfinger Euromont a.s. and Bilfinger Slovensko s.r.o. from Bilfinger SE (XTRA:GBF) in September 2020. Is New 90 Day High Low • Oct 08
New 90-day high: €19.05 The company is up 19% from its price of €16.07 on 10 July 2020. The Austrian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.69 per share. Announcement • Aug 27
Bilfinger SE (XTRA:GBF) acquired Three Plant Clusters from BASF SE (XTRA:BAS). Bilfinger SE (XTRA:GBF) acquired Three Plant Clusters from BASF SE (XTRA:BAS) in August, 2020.
Bilfinger SE (XTRA:GBF) completed the acquisition of Three Plant Clusters from BASF SE (XTRA:BAS) in August, 2020. Announcement • Aug 15
Bilfinger SE to Report Q4, 2020 Results on Feb 11, 2021 Bilfinger SE announced that they will report Q4, 2020 results on Feb 11, 2021 
