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Investor Relations News May 11 , 2021 Bilfinger Q1 2021 financial results Encouraging performance : positive EBITA and improved free cash flow ● ● ● ● ● ● BILFINGER Market : Increase in activity level Orders received € 1.001 bn / -1 % org .: E & M Europe robust , sizeable project in North America won Revenue € 833 m / -5 % org .: E & M Europe and Technologies on solid level ; prior - year quarter had still been largely unaffected by Covid - 19 and oil price Adjusted EBITA € 11 m / 1.3 % margin : Structural improvements and reduced cost base show effect Reported net profit € 10 m : Positive , also due to additional capital gain from PPN Apleona Reported free cash flow - € 28 m : Significant improvement against prior - year quarter Net liquidity : Cash - in of € 458 m in Apleona proceeds on May 10 Outlook 2021 confirmed : Significant revenue growth and substantial EBITA improvement Bilfinger today reports a positive start to the year . The industrial services provider has shown solid results in the first quarter of 2021 , reporting a clearly positive EBITA and improved year on - year cash flow development . The company is experiencing a rise in activity level in most of its markets . Orders received again reached the € 1 billion level , with a robust European E & M business as well as a sizeable project in North America . Revenues were down against the prior year level when sales had not yet been materially affected by the COVID - 19 pandemic nor by the substantial oil price reduction in March 2020. Nevertheless , with positive EBITA reported and net profit , the company is demonstrating the increased cost agility it has built up during the past year . " This encouraging first quarter shows that we are benefiting from the structural improvements and reduced cost base we introduced in recent years , especially in 2020. One of our goals is a less seasonal earnings profile , which our operations achieve thanks to more agile capacity management - especially in the first months of the year , when revenues are typically lowest , " commented interim CEO and CFO Christina Johansson . " On that basis , we are happy to confirm our 2021 outlook today and expect further progress during the year . " Bilfinger SE Investor Relations Bettina Schneider Phone +49 621 459-2377 bettina.schneider@bilfinger.com . Page 1/7