Bilfinger SE

Management Reports • Sep 19, 2013

News Details

Ad-hoc | 19 September 2013 21:00

Bilfinger SE: New organizational and management structure as well as efficiency enhancements in sales and administration

Bilfinger SE / Key word(s): Restructure of Company

19.09.2013 21:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

In order to more intensively network its activities and leverage further
synergy potentials, the engineering and services group Bilfinger will
abandon its previous Subgroup structure. The non-operational Subgroup
holdings will be merged into Bilfinger SE with effect from January 1, 2014
and operational management will in future be conducted by 14 divisions
within the SE. The existing reporting structure with the business segments
Industrial, Power, Building and Facility as well as Construction remains
unchanged.

Administrative functions which to date have been situated in Group
headquarters and in the Subgroups will be streamlined, combined and, in
part, organized into shared service centers. In addition to a greater level
of efficiency in the operational business, the optimized structures will
also lead to substantial reductions in sales and administrative expenses.
Over the next two years, implementation of the measures will result in a
reduction in the number of employees by 1,250 worldwide and, from financial
year 2015, will yield annual reductions in personnel costs of EUR80 to
EUR90 million and reduce non-personnel costs by an amount in the low to
middle double-digit million range.

19.09.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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: sabine.klein@bilfinger.com
Internet: http://www.bilfinger.com
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

---