DGAP-Ad hoc: Bilfinger SE

DGAP-Adhoc: Bilfinger SE: Repositioning of Group's administrative functions. Medium-term savings effects in personnel and non-personnel costs of approximately EUR100 million

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

09.05.2016 19:44

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.

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The Executive Board of Bilfinger SE has decided today on the repositioning of the administrative functions in the Group. Processes, structures and systems will be set up in a more uniform, tight and efficient manner. To this end, one-time expenditures in a high double-digit million euro range are planned. Included therein are investments planned by the Executive Board into the millions for upgrading and standardizing IT systems. These investments are subject to approval by the Supervisory Board. In addition, the Group headquarters in Mannheim will be streamlined.

Through the repositioning Bilfinger seeks to substantially increase its efficiency in the medium term and to reduce administrative costs by roughly EUR100 million per annum. First savings will take effect in 2017, the most part of the savings from 2018 onwards. They consist of personnel costs and, not insignificantly, non-personnel costs. The implementation of the necessary measures will be closely coordinated with the social partners.

09.05.2016 The DGAP 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: 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 ---------------------------------------------------------------------------