11.08.2021 Bilfinger SE  DE0005909006

DGAP-Adhoc: Bilfinger SE: Decision on capital allocation: early debt repayment, special dividend and share buyback, investment in growth


 

DGAP-Ad-hoc: Bilfinger SE / Key word(s): Payout/Letter of Intent
Bilfinger SE: Decision on capital allocation: early debt repayment, special dividend and share buyback, investment in growth

11-Aug-2021 / 20:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Executive Board and Supervisory Board resolved today to use the available surplus capital for an early debt repayment (€109 million), a combination of share buyback and special dividend (€250 million) as well as investments in organic growth and acquisitions (several hundred million euros). This is against the background of high gross liquidity as of June 30, 2021, which includes the proceeds received from the sale of the Apleona stake, Bilfinger's former facility services business.

€109 million will be used for the early redemption of the outstanding tranches of the promissory note loans in October 2021 instead of April 2022, resulting in interest savings of €3 million p.a.

In addition, the Executive Board and Supervisory Board will propose a special dividend of €3.75 per share to the 2022 Annual General Meeting, i.e. a distribution to shareholders of around €150 million. This will be in addition to the regular dividend for financial year 2021.

The Executive Board and Supervisory Board will also ask the 2022 Annual General Meeting to approve the authorization to buy back shares up to a maximum volume of 10 percent. With this authorization and the expected business development, the Executive Board will then propose to the Supervisory Board a share buyback program with a volume of up to €100 million, to be launched in the summer of 2022. The current treasury shares (with a volume of around 8 percent) will be cancelled on commencement of the new program.

The strong balance sheet and the expected positive free cash flows in the coming years will also enable Bilfinger to invest several hundred million euros in organic growth and bolt-on acquisitions. Bilfinger will adhere to the communicated M&A criteria and will continuously review the effective use of capital taking into account Bilfinger's cash situation and financial performance. All this is in line with the Group's mid-term target of regaining an investment grade rating (current S&P rating: BB/stable outlook).
 

11-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Bilfinger SE
Oskar-Meixner-Straße 1
68163 Mannheim
Germany
Phone: +49 (0621) 459-0
Fax: +49 (0621) 459-23 66
E-mail: [email protected]
Internet: http://www.bilfinger.com
ISIN: DE0005909006
WKN: 590900
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1225860

 
End of Announcement DGAP News Service

1225860  11-Aug-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1225860&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 4.248,60 4.044,20 4.152,60 4.327,00 3.461,00 3.737,40 0,00
EBITDA1,2 -220,70 -118,30 -7,40 135,70 49,50 220,70 0,00
EBITDA-Marge3 -5,19 -2,93 -0,18 3,14 1,43 5,91 0,00
EBIT1,4 -230,80 -126,10 -12,20 28,10 -65,50 121,20 0,00
EBIT-Marge5 -5,43 -3,12 -0,29 0,65 -1,89 3,24 0,00
Jahresüberschuss1 270,60 -88,50 -24,30 24,20 99,40 129,50 0,00
Netto-Marge6 6,37 -2,19 -0,59 0,56 2,87 3,47 0,00
Cashflow1,7 -224,30 -83,00 34,50 78,20 120,40 115,00 0,00
Ergebnis je Aktie8 6,13 -2,01 -0,59 0,60 2,44 3,16 2,00
Dividende8 1,00 1,00 1,00 0,12 1,88 4,75 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Bilfinger
WKN Kurs in € Einschätzung Börsenwert in Mio. €
590900 27,620 Kaufen 1.133,45
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,01 12,14 0,98 93,95
KBV KCV KUV EV/EBITDA
1,03 9,86 0,30 4,79
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,80 0,80 2,90 20.04.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2022 11.08.2022 09.11.2022 13.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,14% -8,54% -7,63% -4,76%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Bilfinger SE  ISIN: DE0005909006 können Sie bei EQS abrufen


Bauhauptgewerbe , 590900 , GBF , XETR:GBF