Your Performance Is Our Business
Factbook
Q1 2026
1. COMPANY PROFILE | 5. SUSTAINABILITY | |||
Bilfinger SE - leading in Industrial Services ………..... | 3 | Bilfinger Material Sustainability Topics.........………….. | 24 | |
Business offering …………...….……..….…………….. | 4 | Energy and Emissions ……..…….……...................... | 25 | |
Segments and Revenue split …….........………….…... | 5 | ESG Performance KPIs ………………………………… | 26 | |
Outlook 2026…………………………………………….. | 6 | |||
Mid-term financial targets............................................. | 6 | |||
Group Executive Management ………………...……… | 7 | |||
Supervisory Board ..…….……………....……….……... | 8 | |||
Corporate History..…………………………………..….. | 9 | |||
2. MARKETS | 6. BILFINGER SHARE | |||
Trends and Drivers……………………………………… | 10 | Master Data ……………………….……........................ | 27 | |
Addressable Markets……………………………………. | 10 | Relative Performance of our Shares ……..…….….…. | 27 | |
10-Year-Overview Key Figures ………........................ | 28 | |||
Analysts' Coverage ...…........……...…………………… | 29 | |||
Analysts' Recommendation Development ……………. | 29 | |||
Shareholder Structure …………………….…….……… | 30 | |||
3. KEY FIGURES | 7. BILFINGER RATING | |||
Overview Group ..…………………..………………..…. | 11 | Bilfinger Rating….……………………………................ | 30 | |
Profit and Loss Statement ……………….…………….. | 12 | Bilfinger ESG-Ratings………………………………….. | 30 | |
Cash Flow Statement ..………………………………… | 13 | |||
Net liquidity positions ……………………………….….. | 14 | |||
Gearing ratios……………………..…………………….. | 14 | |||
10-Year-Overview Business Development ………….. | 15 | |||
10-Year-Overview Balance Sheet…............................ | 16 | |||
4. SEGMENTS | 8. IR EVENTS AND CONTACT | |||
Western Europe ……………………..………………….. | 17 | IR Events 2026 ………………………………………….. | 31 | |
Central Europe …………………………….……............ | 19 | Contact Details …………………………………………. | 31 | |
International ..……………………………………............ | 21 | |||
Reconciliation Group ……………………………........... | 23 |
BILFINGER SE - NO. 1 FOR OUR CUSTOMERS IN ENHANCING EFFICIENCY & SUSTAINABILITY-
Bilfinger is an international industrial services provider with a vision to be the No. 1 for its customers in enhancing efficiency and sustainability within the process industry. Bilfinger's comprehensive portfolio spans the entire value chain, from Consulting & Engineering to Prefabrication & Installation, Access & Insulation, and services that improve the asset performance of industrial plants.
The company operates in three geography-based segments: Western Europe, Central Europe, and International, with primary activities in Europe, North America, and the Middle East. Its process industry customers come from markets such as Chemicals & Petrochemicals, Energy, Oil & Gas, and Pharma & Biopharma. With about 31,000 employees, Bilfinger upholds the highest standards of safety and quality, generating revenue of €5.4 billion in the financial year 2025.
To achieve its goals, Bilfinger has identified two strategic levers: Operational Excellence to continuously improve its own efficiency and performance, and Market Expansion to strengthen customer orientation and establish Bilfinger as the partner of choice.
Bilfinger key data[€ million] | FY 2025 | FY 2024 |
Orders received | 5,679 | 5,334 |
Order backlog | 4,316 | 4,120 |
Revenue | 5,427 | 5,037 |
EBITDA | 422 | 382 |
EBITDA margin | 7.8% | 7.6% |
EBITA | 299 | 264 |
EBITA margin | 5.5% | 5.2% |
Special items | -8 | 7 |
Free cash flow | 330 | 189 |
Cash conversion rate | 110% | 71% |
Net profit | 176 | 180 |
Earnings per share (in €) | 4.74 | 4.79 |
Earnings per share adjusted (in €) | 5.23 | 4.51 |
Employees | 30,749 | 31,478 |
Consulting & Engineering | Pre-fabrication & Installation | Access & Insulation | Asset Performance |
Digitalization | |||
4%
10%
4%
18%
€5.4 bn
63%
GermanyRest of Europe America
Asia
AfricaKey Characteristics
~31,000 employees
>90% customer retention rate
~80% similar business across all industries
90% revenue in sustainable services
>140 years of expertise
Active in ~30 countries
Listed in German MDAX and European STOXX 600
Asset-light service provider
Revenue by Industry
- FY 2025Revenue by Remuneration Type
- FY 2025Adjacent Industries
21%
23%
Chemicals & Petrochemicals
Mixed
17%
44%
20%
18%
Time & Material
Pharma &
Biopharma
13%
19%
24%
Energy
Lump Sum
Oil & Gas
Unit rates
THREE SEGMENTS Revenue by Segment - FY 2025Western Europe
34%
46%
Central Europe
20%
International
Revenue
by Segment - FY 2025EBITA | EBITA margin
by Segment - FY 2025€2,497m
€1,825m
€1,062m
€43m
5.4%
6.7%
4.4%
€122
€135
€47
Western Europe
Central Europe
International Recon.
Group
Western Europe
Central Europe
€-5
International Recon.
Group
OUTLOOK 2026in € million, % | FY 2025 | Outlook FY 2026 | |
Group | Revenue | 5,427 | 5,400 to 5,900 |
EBITA Margin | 5.5% | 5.8 to 6.2% | |
Free cash flow | 3301) | 250 to 300 | |
Western Europe | Revenue | 1,825 | 1,800 to 2,000 |
EBITA Margin | 6.7% | 7.0 to 7.4% | |
Central Europe | Revenue | 2,497 | 2,500 to 2,700 |
EBITA Margin | 5.4% | 5.8 to 6.4% | |
International | Revenue | 1,062 | 1,050 to 1,200 |
EBITA Margin | 4.4% | 4.2 to 5.0% | |
Reconciliation Group | Revenue | 43 | 0 to 50 |
EBITA | -5 | -20 to 0 |
2030 | |
Organic Growth | 8 to 10% CAGR |
EBITA margin | 8 to 9% |
Cash Conversion rate adjusted (Free cash flow/EBITA) | ≥90% |
NTA as of Revenue2) | ≤ 6% |
Including a mid double-digit million amount cash-inflow due to completion of a legal proceeding
12-month rolling average
Group CEO
Dr. Thomas Schulz
Born 1965, in federal state Saarland, Germany
2022 | Bilfinger SE, Germany, Chief Executive Officer |
2013 - 2022 | FLSmidth A/S, Denmark, Group Chief Executive Officer |
2001 - 2013 | Sandvik AB, Sweden, most recently President Sandvik |
1998 - 2001 | Construction Svedala Industri AB, Sweden Business Area Manager |
Engineering studies and doctorate in mining at RWTH Aachen University, Germany Degrees: Dipl.-Ing., Dr.-Ing.
Group CFO
Matti Jäkel
Born 1961, in Düsseldorf, Germany
2022 | Bilfinger SE, Germany, Chief Finance Officer |
2020- 2022 | Division Other Operations, Germany, Executive President |
2017 - 2019 | Region MMO Continental Europe, Germany, Finance Director |
2014 - 2016 | Division Industrial Maintenance, Germany, Finance Director |
2010 - 2013 | Bilfinger Industrial Services GmbH, Germany, CFO |
2007 - 2010 | Bilfinger Berger Ingenieurbau GmbH, Germany, CFO |
2006 - 2007 | Bilfinger Berger Hochbau GmbH, Germany, CFO |
2000 - 2006 | FRU-CON Construction CORP., USA, CFO |
1997 - 2000 | Baulderstone Hornibrook PTY. LTD. And BHBB M5 East Joint Venture, Australia, Finance Director Civil Engineering and Finance |
Diretor | |
Since 1989 | Bilfinger+Berger Bauaktiengesellschaft, Germany, various technical and commercial positions |
Studied Civil Engineering at TU München and Business Administration at Henley Management College / Brunel University
Products &
Innovation
Western Europe
International
Central Europe
People
Procurement
Sales
GROUP EXECUTIVE MANAGEMENT
Group CEO
Group CFO
Dr. | Matti | Sandy | Thierry | Christian | Mirja | Christoph | Gerald |
Thomas | Jäkel | Bonner | Burki | Rugland | Becker | Bäumer | Pilotto |
Schulz |
Dr. Eckhard Cordes (Chairman)
Partner with Cevian Capital, Pfäffikon, Switzerland
Stephan Brückner, Deputy Chairman*
Chairman of the Bilfinger Group Works Council and the
SE Works Council of Bilfinger SE, Mannheim
Ebrahim Attarzadeh
Managing Director of Münchmeyer Petersen Capital Markets GmbH, Hamburg
Vanessa Barth*
Head of Principles,
IG Metall, Frankfurt am Main
Dr. Roland Busch
Chairman of the Supervisory Board of Delvag Versicherungs AG, Cologne
Evert Doornbos*
Chairman of the Works Council at Bilfinger Industrial Services ISP Netherlands, Groningen
Rainer Knerler*
Executive Employee of IG Bauen-Agrar-Umwelt and consultant, Berlin
Dr. Silke Maurer
Member of the Executive Board at MTU Aero Engines AG, Munich
Agnieszka Othman*
Member of the SE Works Council of Bilfinger SE, Mannheim
Robert Schuchna
Partner at Cevian Capital Ltd, Pfäffikon, Switzerland
Jörg Sommer*
Deputy Chairman of the SE Works Council at Bilfinger SE, Mannheim and of the Bilfinger Segment Works Council Engineering & Maintenance DACH, Neu-Isenburg
Dr. Bettina Volkens
Member of various supervisory boards and independent consultant
Presiding Committee Dr. Eckhard Cordes Stephan Brückner Rainer Knerler
Dr. Bettina Volkens
Audit Committee Dr. Roland Busch Vanessa Barth Robert Schuchna Jörg Sommer
Nomination Committee Dr. Eckhard Cordes Robert Schuchna
Dr. Bettina Volkens
Strategy Committee Dr. Eckhard Cordes Stephan Brückner Evert Doornbos Rainer Knerler
Dr. Silke Maurer Robert Schuchna
*Staff representatives
Supervisory Board re-election to take place at the annual general meeting on the 20th May 2026
CORPORATE HISTORY -From construction company to industrial services provider
1880 Beginnings of Grün & Bilfinger AG, the oldest forerunner company
1890 Beginnings of Julius Berger Tiefbau AG and Berlinischen Boden-Gesellschaft (later Bauboag)
1969 Merger of Julius Berger and Bauboag
1975 Merger of Julius Berger - Bauboag and Grün & Bilfinger to form Bilfinger + Berger Bauaktiengesellschaft
2001 Renamed Bilfinger Berger AG from 2002 Development of services divisions
Industrial services (from 2002) Real estate services (from 2002) Power plant services (from 2005)
2010 Transformation to Bilfinger Berger SE from 2011 Disposal of construction business
Sale of Valemus Australia (2011)
Sale of Construction division (Civil) (2014)
2012 Renamed Bilfinger SE
2016 Sale of real-estate services and building construction activities
2017 Focus on industrial services
from 2022 Vision: No. 1 for customers in enhancing
efficiency and sustainability
Trends and DriversVolatility
Overregulation
Sustainability
Political unrest Labor shortage
Climate change
Digitalization
…
Energy | Chemicals & Petrochemicals | Pharma & Biopharma | Oil & Gas | Adjacent Industries | Total |
64 | 44 | 21 | 32 | > 50 | |
1-2% | 1-2% | ~ 4% | 1-2% | 1-2% | 1-2% |
~ 0.5% | ~ 1% | ~ 1% | ~ 0.5% | ~ 1% | ~ 1% |
1-2% | ~ -1% | ~ 7% | ~ -4% | 1-2% | ≤ 0.5% |
Addressable Markets 1)
[€ bn]
Bilfinger
Outsourcing
Efficiency
Decomplexing
Competence transfer
Energy costs Artificial Intelligence
Europe compared to
Rest of World
Bilfinger's business model benefits from both growing as well as declining markets
CAGR 2025-30
Outsourcing CAGR
2025-30
Market CAGR 2022-24
1) Addressable markets in expanding geographies versus 2024; Source S&P Global, McKinsey, Company data
OVERVIEW GROUPin € million | Q1/26 | Q1/25 ∆ in % |
Orders received | 1,208 | 1,271 -5% |
Order backlog | 4,181 | 4,138 1% |
Revenue | 1,312 | 1,267 4% |
EBITDA | 90 | 87 4% |
Depreciation | -31 | -30 - |
EBITA | 60 | 57 5% |
EBITA margin | 4.6% | 4.5% |
thereof special items | -1 | -1 - |
EBITA without special items | 61 | 57 6% |
EBITA margin without special items | 4.6% | 4.5% |
Amortization | -2 | -2 - |
Investments in P, P & E | 17 | 17 0% |
Increase in right-of-use assets | 11 | 7 63% |
Operating cash flow | 36 | 125 -71% |
Free cash flow | 21 | 109 -81% |
thereof special items | -5 | -5 - |
FY/25 |
5,679 |
4,316 |
5,427 |
422 |
-124 |
299 |
5.5% |
-8 |
307 |
5.7% |
-14 |
72 |
56 |
390 |
330 |
-27 |
in € million | Q1/26 | Q1/25 ∆ in % |
Revenue | 1,312 | 1,267 4% |
Gross profit | 142 | 142 0% |
Selling and administrative expense | -84 | -87 - |
Impairment losses and reversal of impairment losses according to IFRS 9 | -2 | 0 - |
Other operating income and expense | 1 | -2 - |
Income from investments accounted for using the equity method | 1 | 2 -60% |
EBIT | 57 | 55 5% |
Financial result | -5 | -5 - |
EBT | 52 | 50 5% |
Income taxes | -14 | -16 - |
Earnings after taxes from continuing operations | 38 | 34 12% |
Earnings after taxes from discontinued operations | 0 | 0 - |
Minority interest | -2 | -3 - |
Net profit | 37 | 32 16% |
Earnings per share (in €) | 0.99 | 0.84 17% |
FY/25 |
5,427 |
616 |
-340 |
-7 |
6 |
10 |
285 |
-31 |
254 |
-71 |
183 |
0 |
-7 |
176 |
4.74 |
in € million | Q1/26 | Q1/25 ∆ in % |
Cash flow from operating activities of continuing operations | 36 | 125 -71% |
- thereof special items | -5 | -5 - |
Net cash outflow for P, P & E and intangible assets | -15 | -16 - |
Free cash flow from continuing operations | 21 | 109 -81% |
- thereof special items | -5 | -5 - |
Proceeds from the disposal of financial assets | 0 | 0 - |
Investments in financial assets | 0 | -8 - |
Proceeds / investments in marketable securities | 0 | 0 - |
Cash flow from financing activities of continuing operations | -37 | -32 - |
- Share buyback | 0 | -12 - |
- Dividends | -16 | 0 - |
- Changes in ownership interest without change in control | 0 | 0 - |
- Borrowing | 0 | 0 - |
- Repayment of financial debt | -17 | -16 - |
- Interest paid | -3 | -3 - |
Change in cash and cash equivalents of continuing operations | -16 | 70 - |
Change in cash and cash equivalents of discontinued operations | -1 | -1 - |
Change in value of cash and cash equivalents due to changes in FX rates | 0 | -1 - |
Change in cash and cash equivalents | -17 | 68 - |
Cash and cash equivalents at January 1 | 519 | 465 12% |
Change in cash and cash equivalents of assets classified as held for sale | 0 | 0 - |
Cash and cash equivalents at March 31 / December 31 | 502 | 533 -6% |
FY/25 |
390 |
-27 |
-60 |
330 |
-27 |
1 |
-35 |
0 |
-236 |
-50 |
-97 |
0 |
0 |
-67 |
-22 |
59 |
-3 |
-1 |
54 |
465 |
0 |
519 |
in € million | Mar 31, 2026 | Mar 31, 2025 |
Cash, cash equivalents and marketable securities | 502 | 533 |
Financial debt | -178 | -179 |
Net cash (+) / Net debt (-)1) | 324 | 354 |
Leverage targets | Limit | Mar 31, 2026 | Mar 31, 2025 |
FFO / Net debt2) | >50% | 218% | 263% |
Net debt / EBITDA2) | <2.0 | 0.4 | 0.3 |
Q1 2026 | Q1 2025 | |
NTA / Revenue3) | 9% | 10% |
Excluding leasing liabilities (Q1 2026: €196 million; Q1 2025: €191 million) and including marketable securities
S&P definition
3-month average
[€ million] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
Orders received | 4,056 | 4,055 | 4,459 | 4,159 | 3,724 | 4,008 | 4,615 | 4,735 | 5,334 | 5,679 |
Order backlog | 2,618 | 2,531 | 2,818 | 2,567 | 2,585 | 2,946 | 3,226 | 3,385 | 4,120 | 4,316 |
Revenue/ output volume 1) | 4,219 | 4,044 | 4,153 | 4,327 | 3,461 | 3,737 | 4,312 | 4,486 | 5,037 | 5,427 |
Investments in P, P & E | 70 | 71 | 66 | 64 | 37 | 61 | 52 | 59 | 63 | 72 |
Employees (at year-end) | 36,946 | 35,644 | 35,905 | 33,327 | 28,893 | 29,756 | 30,309 | 28,650 | 31,478 | 30,749 |
Earnings figures | ||||||||||
Gross profit | 395 | 336 | 391 | 412 | 296 | 387 | 437 | 463 | 547 | 616 |
EBITA | -221 | -118 | -7 | 32 | -57 | 121 | 75 | 191 | 264 | 299 |
thereof special items | -236 | -121 | -73 | -72 | -77 | -16 | -65 | -1 | 7 | -8 |
EBITA adjusted | 15 | 3 | 65 | 104 | 20 | 137 | 140 | 191 | 257 | 307 |
EBIT | -231 | -126 | -12 | 28 | -66 | 121 | 75 | 190 | 258 | 285 |
Net Profit | 271 | -89 | -24 | 24 | 99 | 130 | 28 | 181 | 180 | 176 |
Net profit adjusted | -8 | -9 | 36 | 49 | -8 | 89 | 82 | 117 | 169 | 194 |
Operating cash flow | -224 | -119 | 50 | 110 | 120 | 113 | 166 | 151 | 248 | 390 |
Free cash flow | -264 | -181 | -4 | 57 | 93 | 115 | 136 | 122 | 189 | 330 |
Cash conversion rate in % | - | - | - | - | - | - | 181 | 64 | 71 | 110 |
Cash conversion rate adjusted in % | - | - | - | - | - | - | 112 | 78 | 88 | 116 |
Earnings per share in € | 6.13 | -2.01 | -0.59 | 0.60 | 2.47 | 3.19 | 0.71 | 4.84 | 4.79 | 4.74 |
Earnings per share in € adjusted | -0.17 | -0.19 | 0.87 | 1.23 | -0.20 | 2.19 | 2.06 | 3.12 | 4.51 | 5.23 |
Gross margin in % | 9.4 | 8.3 | 9.4 | 9.5 | 8.6 | 10.4 | 10.1 | 10.3 | 10.9 | 11.3 |
EBITA margin in % | - | - | - | - | - | 3.2 | 1.8 | 4.3 | 5.2 | 5.5 |
EBITA margin adjusted in % | 0.4 | 0.1 | 1.6 | 2.4 | 0.6 | 3.7 | 3.2 | 4.3 | 5.1 | 5.7 |
Dividend distribution | 44.2 | 42.0 | 40.3 | 4.8 | 75.8 | 193.4 | 48.6 | 67.5 | 89.3 | 103.4 |
Dividend per share in € | 1.00 | 1.00 | 1.00 | 0.12 | 1.88 | 1.00 | 1.30 | 1.80 | 2.40 | 2.80 |
Dividend bonus in € | - | - | - | - | - | 3.75 | - | - | - | - |
Share price at year-end in € | 36.57 | 39.57 | 25.48 | 34.50 | 25.86 | 29.90 | 27.08 | 34.82 | 46.25 | 107.40 |
Number of shares at year-end in million 2) | 46.0 | 44.2 | 44.2 | 44.2 | 44.2 | 41.0 | 41.0 | 37.6 | 37.6 | 37.6 |
Change in reporting from output volume to revenue. Output volume 2016 | Revenue 2017 ff.
Including shares held as treasury stock
2016: 1,815,085 | 2017: 1,084,302 | 2018: 3,938,393 | 2019: 3,917,752 | 2020: 3,908,453 | 2021: 320,000 | 2022: 3,630,956 | 2023: 122,049 |
2024: 86,849 | 2025: 666,649
10-YEAR-OVERVIEW BALANCE SHEET[€ million] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
Assets | ||||||||||
Non-current assets | 1,690 | 1,643 | 1,614 | 1,676 | 1,313 | 1,281 | 1,262 | 1,306 | 1,400 | 1,406 |
Intangible assets | 849 | 804 | 804 | 803 | 765 | 781 | 787 | 788 | 814 | 828 |
Property, plant and equipment | 383 | 367 | 324 | 312 | 270 | 259 | 246 | 247 | 287 | 294 |
Right-of-use assets from leases | - | - | - | 227 | 189 | 177 | 173 | 164 | 188 | 188 |
Other non-current assets | 337 | 386 | 412 | 274 | 33 | 19 | 20 | 20 | 23 | 24 |
Deferred taxes | 121 | 86 | 75 | 61 | 56 | 47 | 36 | 88 | 87 | 73 |
Current assets | 2,329 | 1,977 | 1,862 | 1,678 | 1,943 | 1,867 | 1,790 | 2,051 | 2,064 | 2,085 |
Inventories, receivables, other | 1,216 | 1,198 | 1,238 | 1,179 | 1,432 | 1,035 | 1,202 | 1,322 | 1,599 | 1,565 |
Cash and cash equivalents 1) | 1,032 | 767 | 574 | 500 | 511 | 833 | 588 | 729 | 465 | 519 |
Assets classified as held for sale | 81 | 12 | 50 | - | - | - | - | - | - | - |
Equity and liabilities | ||||||||||
Equity | 1,621 | 1,383 | 1,205 | 1,153 | 1,199 | 1,289 | 1,078 | 1,182 | 1,311 | 1,345 |
Share capital | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 |
Capital Reserves | 762 | 765 | 767 | 769 | 771 | 772 | 766 | 763 | 761 | 762 |
Retained and distributable earnings | 781 | 532 | 465 | 379 | 468 | 403 | 293 | 283 | 401 | 503 |
Other reserves | 64 | 17 | 3 | 35 | -13 | 6 | 1 | -2 | 9 | -18 |
Treasury shares | -96 | -39 | -150 | -150 | -150 | -12 | -105 | -4 | -3 | -49 |
Minority interest | -28 | -25 | -13 | -12 | -11 | -12 | -10 | 8 | 10 | 13 |
Non-current liabilities | 898 | 874 | 363 | 917 | 886 | 729 | 656 | 590 | 632 | 481 |
Provisions for pensions and similar obligations | 304 | 293 | 288 | 338 | 340 | 307 | 239 | 261 | 266 | 243 |
Other provisions | 29 | 27 | 25 | 24 | 22 | 21 | 17 | 19 | 25 | 23 |
Financial debt | 510 | 509 | 11 | 551 | 521 | 395 | 389 | 295 | 317 | 192 |
Other liabilities | - | - | - | - | - | 3 | - | - | 1 | 0 |
Deferred taxes | 55 | 45 | 39 | 4 | 3 | 4 | 11 | 16 | 22 | 24 |
Current liabilities | 1,500 | 1,363 | 1,908 | 1,285 | 1,171 | 1,131 | 1,318 | 1,586 | 1,521 | 1,665 |
Current tax liabilities | 39 | 34 | 34 | 25 | 24 | 22 | 30 | 26 | 35 | 49 |
Other provisions | 490 | 442 | 384 | 302 | 300 | 216 | 239 | 202 | 168 | 132 |
Financial debt | 12 | 2 | 502 | 50 | 47 | 54 | 55 | 314 | 59 | 182 |
Other liabilities | 892 | 859 | 963 | 908 | 800 | 839 | 995 | 1,044 | 1,258 | 1,303 |
Liabilities classified as held for sale | 68 | 26 | 26 | - | - | - | - | - | - | - |
Balance-sheet total | 4,020 | 3,620 | 3,476 | 3,355 | 3,256 | 3,149 | 3,052 | 3,357 | 3,464 | 3,491 |
1) Incl. marketable securities
WESTERN EUROPE
Updated segment structure from 01.01.2026
FY 2025
1,825
Revenue [€ m]
1.05
Book to Bill [ratio]
122
EBITA [€ m]
6.7%
EBITA [%]
Revenue by Industry -
FY 2025
Revenue by Remuneration Type -
FY 2025
Adjacent Industries1)
Chemicals &
Mixed
Pharma & Biopharma
Oil & Gas
4%
30%
13%
17%
Petrochemicals 36%
Lump Sum 3% 17%
31%
Unit rates
48%
Time & Material
Energy
1) Includes different industries outside the defined core industries
Key figures Western Europe
[€ million] | Q1/26 | Q1/25 | ∆ in % |
Orders received | 385 | 424 | -9% |
Order backlog | 1,385 | 1,391 | 0% |
Revenue | 443 | 416 | 6% |
EBITDA | 41 | 38 | 8% |
Depreciation | -11 | -12 | - |
EBITA | 30 | 26 | 14% |
EBITA margin | 6.8% | 6.3% | |
thereof special items | 0 | 0 | - |
Amortization | -2 | -2 | - |
Investments in P, P & E | 9 | 7 | 30% |
Increase in right-of-use assets | 5 | 4 | 10% |
Employees (number) | 8,380 | 8,040 | 4% |
FY/25 |
1,921 |
1,490 |
1,825 |
167 |
-45 |
122 |
6.7% |
-4 |
-13 |
25 |
17 |
8,344 |
CENTRAL EUROPE
Updated segment structure from 01.01.2026
FY 2025
2,497
Revenue [€ m]
1.05
Book to Bill [ratio]
135
EBITA [€ m]
5.4%
EBITA [%]
Revenue by Industry -
FY 2025
Revenue by Remuneration Type -
FY 2025
Adjacent Industries1)
14%
Chemicals & Petrochemicals
23%
Mixed
24%
Time & Material
Pharma & Biopharma
24%
13%
26%
Energy
Lump Sum
16%
14%
45%
Oil & Gas
Unit rates
1) Includes different industries outside the defined core industries
Key figures Central Europe
[€ million] | Q1/26 | Q1/25 | ∆ in % |
Orders received | 593 | 624 | -5% |
Order backlog | 2,059 | 1,981 | 4% |
Revenue | 600 | 568 | 6% |
EBITDA | 38 | 37 | 3% |
Depreciation | -12 | -12 | - |
EBITA | 26 | 25 | 5% |
EBITA margin | 4.3% | 4.3% | |
thereof special items | 0 | 0 | - |
Amortization | 0 | 0 | - |
Investments in P, P & E | 5 | 4 | 36% |
Increase in right-of-use assets | 3 | 1 | 81% |
Employees (number) | 11,379 | 11,659 | -2% |
FY/25 |
2,624 |
2,053 |
2,497 |
186 |
-51 |
135 |
5.4% |
-5 |
-1 |
28 |
19 |
11,639 |