Bilfinger Se Unsp/Adr (BFLBY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Billfinger's first quarter 2025 results conference call. My name is Martina Borger, and I'm joined today by Thomas Schulz, our Group CFO, and Matti Jekyll, our Group CFO. As usually, we will start with a presentation on the quarterly highlights and financials, and then open up the call for your questions. As usually, you can ask your questions via telephone by pressing star and one on your keypad or via chat in the webcast. During the presentation, all participants will be in a listen-only mode. The event will be recorded. And I will now hand over to Thomas. Thank you, Martina. Hello, everybody. Let's start with the highlights. We had, as expected, a good start into the year with orders received 11% up, revenue 17% up, EBITDA 50 basis points up from 4.2 to 4.5%. Free cash flow, very good development up to 109 million. And of course, we keep the guidance as it is with the midpoint in the revenue for 4.5 billion euro and in the EBITDA margin with 5.5%. Before we go into the figures and the outlook, et cetera, as always, at first, the safety part. It's part of our ESG configuration. And you see here on that slide on the upper left side, the total recordable incident frequency rate. And what you can see is that we have a slight negative development versus quarter 124, but quite a significant improvement versus the end of last year. Similar situation on the lost time injury frequency rate. Important is that we are targeting to have zero in all these figures. So no accidents for any one of our suppliers, customers, as well as our own employees. Out of that, we go into the industry development. As you know, we show the production index for North America, Middle East and Europe and index to 2019, the last year before Corona....