Bilfinger Se Unsp/Adr (BFLBY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to our Q1 2026 results call from Bilsinger. My name is Martina Kalkarke, and I'm here together with our group CEO, Thomas Scholz, and our group CFO, Matti Jekyll. As usual, we will start with a presentation of our quarterly highlights, and then open the call for your questions. Also, as usual, you can ask your questions via telephone by passing star and 1 or via chat on the webcast. During the presentation, everyone will be on the listen-only mode and the event will be recorded as usually. I now hand over to Thomas. Thomas, please. Hello, everybody, and thank you, Martina. So, let's start directly with the highlights. We had a slower start into the year and predominantly based on the severe weather conditions, what we all enjoyed, and which makes it quite difficult for us then in snow and ice to make the necessary work on our customer sites. When we look into the orders, it's minus 5%. Revenue is up despite the weather conditions by 4%. And our EBITDA margin is on 4.6, which is a 5% improvement on EBITDA. The earnings per share went up to 0.99 euro. The cash flow is 21 million. And the outlook is definitely confirmed. And the midpoint, as we always highlight, is actually our target for the revenue as well as for the EBITDA margin. And on strategy execution, we are well on the way. We closed on the 1st of April. The exposition in Turkey with Technocon. Before we go further into the market and into the financial figures and into any other thing related with our group in the first quarter, something about the safety performance. Safety is an indicator of quality. And again, we had a fantastic good start into the year. We had a very good year 2025. And the start into this year was very good with the TRIF. with 0.69, which...