02.06.2016 Bilfinger SE  DE0005909006

DGAP-Adhoc: Bilfinger will focus on industrial services in future / Bilfinger sells Building and Facility to EQT for an enterprise value of EUR1.4 billion / Value-optimized further development of Power, including sale of individual units, further impairme

Bilfinger SE / Key word(s): Disposal/Strategic Company Decision 02.06.2016 13:51 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Executive Board of Bilfinger SE has decided to sell its Building, Facility Services and Real Estate divisions, which are focused on real-estate services, to financial investor EQT. The relevant purchase agreement was signed after the Supervisory Board issued its approval of the sale today. The purchase price amounts to about EUR1.2 billion. This corresponds to an enterprise value of approximately EUR1.4 billion. A total of approximately EUR900 million from the purchase price is payable upon completion of the transaction. The remainder of the purchase price of about EUR300 million is made up of two purchase price components that are not payable immediately, but upon resale (exit) by EQT. On the one hand, Bilfinger and the acquiring company have agreed on a vendor claim agreement for a portion of the purchase price in the amount of EUR100 million with interest of 10% p.a. payable upon maturity. On the other hand, a further portion of the purchase price in the amount of approximately EUR200 million will be transformed into an instrument similar to an earn-out through which Bilfinger will receive about 49% of the exit proceeds of EQT. Bilfinger thus continues to participate in a proportionate amount in the opportunities and risks of the sold divisions. As a result of the sale, the company expects an estimated capital gain at Group level of approximately EUR500 million. The transaction is subject to approval from the responsible anti-trust authorities as well as from the Financial Conduct Authority. In the future, Bilfinger will thus focus its business on industrial services and will continue to develop this area. The Executive Board, together with the future Chairman of the Executive Board Tom Blades, will determine how proceeds from the sale will be used. Plans call for a significant portion of proceeds from the sale to be invested in the industrial services area. The proceeds will also enhance the financial strength of the Group. The Executive Board has also decided, in the course of a value optimizing further development of Power in the selling process that was initiated in mid 2015, to now focus more intensively on the sale of individual units instead of on a sale of the business as a whole. At the same time, individual areas will be further restructured and repositioned. With this decision, the accounting presentation changes, leading to the expectation of a non-cash further impairment need in the mid double-digit million euro range. Further restructuring expenses in this area in the mid double-digit million euro range will also be incurred. 02.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Bilfinger SE Carl-Reiß-Platz 1-5 68165 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: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich; Terminbörse EUREX; Luxemburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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

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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

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 0,99 93,95
1,03 9,86 0,30 4,79
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
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
1,19% -8,45% -7,63% -4,76%
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Bauhauptgewerbe , 590900 , GBF , XETR:GBF