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DGAP-Adhoc: Bilfinger SE: Earnings forecast reviewed, expectations for 2014 reduced

September 3, 2014

Bilfinger SE / Key word(s): Change in Forecast 03.09.2014 23:10 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. --------------------------------------------------------------------------- Following the change in the Chairmanship of the Executive Board of Bilfinger SE in August 2014, the current business situation in the individual divisions was once again analyzed and the respective opportunities and risks evaluated. In the Industrial business segment, the potential of the organization measures that have been taken, particularly the establishment of a new divisional structure, will only be fully realized in financial year 2015. Management changes and new business processes need more time to effectively establish themselves. In addition, the difficult market situation in the energy and European oil & gas sectors also plays a role. Although Bilfinger anticipates a substantial increase in earnings in the second half of 2014 as compared to the first six months, the EBITA margin for 2014 will be below the prior-year figure (5.8 percent). Due to the uncertain market environment, a fundamental reassessment of the situation is necessary in the Power business segment. As a result of low capacity utilization in other units and low price levels in markets that are relevant for Bilfinger, earnings expectations for 2014 must be significantly reduced once again. The previous expectations in the Building and Facility business segment are confirmed. Output volume for the Group in the current financial year will be within the scope of our previous forecast (EUR7.7 billion). Bilfinger anticipates an adjusted EBITA from continuing operations of at least EUR270 million (previous year: EUR419 million). Accordingly, an adjusted net profit from continuing operations of at least EUR160 million is expected (previous year: EUR255 million). Furthermore, Bilfinger will write down its investments in the production facility that manufactures steel foundations for offshore wind turbines in Poland in the amount of approximately EUR30 million. This expense is not included in the adjusted EBITA. As announced, the Executive Board will detail the medium-term outlook for the company in its report on the third quarter 2014. 03.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------------- 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: Internet: ISIN: DE0005909006 WKN: 590900 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, DÜsseldorf, Hamburg, Hannover, MÜnchen End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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Source: DGAP Ad Hoc Disclosures

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