Construction – Bilfinger poised on the precipice – Frankfurter Rundschau

February 11, 2016

In a dizzying height: An employee of Bilfinger at work on a construction site. Photo: pa / obs / Bilfinger SE

The ailing Mannheimer construction and services group Bilfinger desperately looking for a strategy to stop the own demise. After all, now increases the sales.

Last year, the traditional Mannheim company recorded a loss of 489 million euros, as Bilfinger announced on Thursday. This was the highest deficit in the company’s history, which dates back to the 1880th In before last year, the company had reported a loss of 71 million euros.

The main reason for the record loss are reported to depreciation in the energy saved and expenses for the restructuring of the MDAX Group , CEO Per Utnegaard will explain in mid-March at the press conference how to proceed with Bilfinger.

is already scheduled the sale of the loss business with turbines. Bilfinger builds and equips on behalf of the operators of power plants. However, this division runs very bad, because, given the energy revolution hardly conventional power plants are being built.

Possibly will Bilfinger also separate from the construction and real estate business, the Group previously based. “Although we already could advance some important issues in the past year, is a challenging 2016 ahead,” Utnegaard said Thursday. The Group employs more than 57 000 employees, nearly 20 000 of them in Germany

After:. Group sales rose by four percent to nearly 6.5 billion euros. New orders and orders placed reportedly increased at double digit. And: The drop in profits was still lower than last predicted. On the stock market Bilfinger share gained

. The legacy of Roland Koch

The Norwegians had in Utnegaard June last year over the management at Bilfinger. His vocation goes back to the Swedish financial investor Cevian, which has more than a quarter of Bilfinger shares. Utnegaards task, realign the Group and to eliminate the legacy that has left there, the former CEO and CDU politician Roland Koch is.

Koch led the group from 2011 to 2014, but then had to leave his post. He wanted out of the former construction company forms and bought numerous specialty firms to primarily a service provider. He frittered however.

The IG Metall and IG Bauen-Agrar-Umwelt threw the Bilfinger management on Thursday before serious failures. Not only the reputation of the group have suffered in public, the financial basis and the confidence of employees in the Group were strong tattered. “This is due to primarily the top management of the group,” according to a joint leaflet. “The uncertainty is growing day by day!”

It is completely unclear where the Group steer. Just last October, the company management had presented a two-pronged strategy, which includes the construction and real estate business should belong. In January, it had again been called that a sale of this division would be examined. would be left then only the division Industrial Services.

In addition to a clear strategy call for the unions agreements on job security.

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