Company Bilfinger continues on path of growth in industrial services sector
Bilfinger Reports Strong Demand Across Key Sectors
German industrial service provider Bilfinger is experiencing a surge in demand across several key sectors, according to the company's recent reports.
The MDAX company has reported increasing demand in the Energy sector, which accounts for around a quarter of Bilfinger's business. This growth is likely to continue, with CEO Albert Schulz predicting that the funds from the federal government's special infrastructure fund will not come onto the market this year.
In addition to Energy, Bilfinger is also benefiting from high demand in the Oil and Gas business field, with maintenance work on production facilities in the North Sea contributing to the company's success. This positive trend is also evident in the Pharma and Biopharma sectors, where Bilfinger's share of turnover has grown from ten to 15 percent.
The company's order situation is strong, with the order intake for the first three months increasing by 11%. As a result, Bilfinger's group turnover has grown by 17% to 1.27 billion euros. The company aims to achieve an EBITA margin of 6 to 7% in the medium term.
While the Chemical and Petrochemical sector in Germany is under pressure, Bilfinger sees good growth opportunities in the USA. The division accounts for around 20 percent of Bilfinger's turnover, and the company is optimistic about its prospects in the American market.
Bilfinger's ongoing investments in expertise and project management are evident in recent leadership hires, such as Tomi Kopra as Manager for E&I Maintenance & Projects in Finland. The company also emphasizes an inclusive workplace culture and long-term employee development, which suggests organizational stability and a positive environment in all divisions, potentially including chemical and petrochemical sectors in Germany and the USA.
However, there is no publicly available detailed update specifically on Bilfinger's Germany or USA divisions' current situation or strategic future outlook. Any current or future initiatives in these regions are not explicitly reported in the provided results.
- Bilfinger's energy sector, which constitutes a considerable portion of their business, is witnessing a significant increase, and the CEO anticipates this growth to persist due to delay in the release of funds from the federal government's special infrastructure fund.
- In the finance sector, the increasing demand in the industry for Bilfinger's services, coupled with their expansion in the USA and strategic investments in expertise and project management, could potentially lead to the achievement of their medium-term EBITA margin goal.
