Resignation at Bilfinger: A group from being destroyed – Handelsblatt

Bilfinger

Still, the new Bilfinger boss a shadow figure: It is difficult to find an international top manager who wants to perform the arg truncated enterprise.

(Photo: AP)

Dusseldorf the resignation of CEO Per Utnegaard marks the end of the former flagship company Bilfinger. He is also the beginning of the destruction of the Mannheimer Group. Thus the restructuring strategy of the native Norwegian failed that had begun a few months ago a good ten to bring the ailing industry service back on track.

Utnegaard wanted Bilfinger focus on its core business, ie on the two pillars industrial services and Building- and facility management. His plan: He wanted the biggest loss-makers, the power plant business sell. But the plan went far not to, because the high loss-making “power division” can hardly bring to the man. The energy transition ensures that the major utilities build new coal or gas fired power stations more or modernize old. They have cut investment drastically in power plants. And a turnaround is not in sight. So it looks to the sale of Bilfinger division continued bad

drumbeat of Per Utnegaard .: Bilfinger boss goes surprisingly

When ailing group Bilfinger it comes as a complete surprise to the leadership change. CEO Per Utnegaard shall, after less than a year his office. A successor will be presented soon. more …

However, the final end of Utnegaards original two-pillar strategy already pointed off in January. Since Bilfinger informed, now also consider the sale of large parts of the real estate division “Building and Facility”. Apparently potential investors had expressed an interest in the lucrative area.

If the group in his distress, a buyer would be found for this division and for the power generation sector, would remain of the former proud Bilfinger-sales of more than seven billion euros at the end of just over half left.

In order for the withdrawal of Utnegaard is only logical. For his old strategy he can no longer sell credibly so, neither the workers and even the many small shareholders.

So ends the old strategy of former construction group, which converts through many acquisitions to a broad-based industrial service provider, now final. Former Bilfinger boss Herbert Bodner has failed years ago that dozens companies he bought, to be formed into a unit.

The largest construction companies in Europe (by revenue)

• Bilfinger SE – 7.7 billion euros in sales (as of 2014)

  Germany’s second largest construction company wins despite a sales slump to ninth. In addition to the classical construction Mannheimer also rely on services for industrial plants, power plants and real estate.

• 11

  Ferrovial (Spain) – EUR 8.8 billion in revenue

  The company from Madrid builds and operates motorways and airports. The Group established among others the Guggenheim Museum in Bilbao.

• Balfour Beatty (UK) – 10910000000 Euro sales

  since 1909, the British are in the construction business and include Europe’s top dogs. The London deal in Europe around 30,000 employees.

• Strabag (Austria) – 12.48 billion euros in sales

  from Vienna in the world: the Austrians have expanded mainly in Eastern Europe. 2014, the Group was able to maintain the previously strong slid down sales stable.

• Eiffage (France) – 13.95 billion euros sales

  In addition to some TGV lines also includes the expansion of the EU Parliament on the major projects of the Group. Native to the French are in Asnieres-sur-Seine.

• Skanska (Sweden) – € 15.75 billion sales

  Hardly a street, a power plant or office building in Sweden was created without the participation of the Scandinavian construction giant. Internationally, the Sweden of Solna are now broadly.

• Bouygues (France) – 33.35 billion euros in sales

  In addition to real estate and the road of the Paris Group is a major shareholder of the channel TF1. In telecommunications, the Group is active.

• ACS (Spain) – 38.37 billion euros in sales

  the Spanish have achieved tremendous growth in recent years. In just the past two years, sales increased by almost ten billion euros and ACS climbing the podium remains high.

• Vinci (France) – 38.7 billion euros in sales

  the largest construction company in Europe is the largest construction company in the world and is located in the small town of Rueil-Malmaison, near Paris. The company also owns, among other half of all French motorways

  Source:. Deloitte

the succeeded a self-proclaimed integrator in the management team such as Hesse’s ex-Prime Minister Roland Koch no longer. For too long were allowed to prevail, the manager of the acquired companies. The shortcomings in the network of companies fell on only when the company no longer made the usual profits.

It is difficult to find an international top manager who wants to perform the arg truncated companies, and gets to work, to polish the damaged image again. In addition, the new CEO must be willing to further destruction rate of major shareholder – the financial investor Cevian -. Mitzutragen