Züblin, following restrained performance, off to good

Press Release
Züblin, following restrained performance,
off to good start in 2016
Facts & Figures
Ed. Züblin AG, Stuttgart
2015 KEY PERFORMANCE
INDICATORS:
New orders:
€ 3.1 billion
Output volume:
€ 3.4 billion
Order backlog:
€ 4.0 billion
Employees:
13,983
EBIT:
€ 56 million
EBT:
€ 50 million
Net income
€ 35 million
Equity ratio:
27 %
Contact
Ed. Züblin AG
Birgit Kümmel
Corporate Communications
Tel. +49 221 824-2472
[email protected]
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Construction output up to € 3.4 billion in 2015
2015 group EBT down from € 59 million to € 50 million
Net income in group up from € 32 million to € 35 million
Positive outlook for 2016 after considerable order growth in
1st quarter
Stuttgart, 18 May 2016.
Stuttgart-based Ed. Züblin AG closed the
2015 financial year with further growth of the output volume, but
without attaining the same very good EBT as the previous year, said
management board member Dr. Alexander Tesche, speaking at
today’s financial press conference. Due to the good orders situation
and the indications of a recovery of the German construction
economy, however, the Züblin Group still expects significant earnings
growth even on a small increase of the construction output for 2016.
The volume of new orders of the Züblin Group in 2015 sank by
10 % versus the previous year to settle at € 3.1 billion. A plus of new
orders in turnkey construction was not enough to compensate
declines in the civil engineering business, at the production facilities
and among the special divisions. Of the group’s new orders,
€ 2.3 billion, or 74 %, were acquired in Germany – compared to 67 %
the previous year. The largest new contracts include the shopping
centres LOOM in Bielefeld and Alter Wall in Hamburg as well as the
residential and commercial building ALEA at the former Opel site in
Frankfurt am Main.
The construction output in the year under report grew according to
plan by 3 % to € 3.4 billion. Growth in the group was registered in the
business fields of turnkey construction and civil engineering. Of the
total output, 73 % was generated in Germany and 27 % abroad –
compared to 26 % the previous year.
The Züblin Group’s unusually high order backlog in the previous
year – the approx. € 4.3 billion at the start of 2015 exceeded the
planned output for the entire year – fell back by 6 % to € 4 billion over
the past financial year. The decline was distributed equally across the
national and international business.
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On the reporting date of 31 December 2015, the Züblin Group had a
total of 13,983 employees working for it, which corresponds to a
decline of approx. 8 % versus the previous year.
Overall, Tesche said, the earnings development in 2015 was not
satisfactory for the Züblin Group. In Germany, project losses in the
Rhine-Main region and another weak year in the timber construction
business impacted earnings negatively. Outside of Europe, a project
in the United Arab Emirates required additional risk provisioning. As a
result, the earnings before taxes (EBT) fell back from € 59 million to
€ 50 million. Due to a lower income tax burden, however, the group
nevertheless managed a slight improvement of the earnings after
taxes in the amount of € 35 million versus € 32 million the year
before.
The equity ratio for the Züblin Group, at about 27 %, was
1 percentage point above the previous year’s figure. The equity
(including third-party shareholdings) was reported at € 524 million on
31 December 2015 (previous year: € 482 million). The cash and cash
equivalents in the group exceeded the previous year’s value by
€ 18 million, reaching about € 802 million at the end of 2015.
In the individual financial statement, Ed. Züblin AG reported net
income of € 24 million (previous year: € 39 million) as well as a
balance sheet profit of € 12 million (previous year: € 19 million). In
light of the positive outlook and the high liquidity, the management
board will propose to the Annual General Meeting a dividend of
€ 0.90/no-par share.
According to Tesche, Züblin started the ongoing financial year with
considerable order growth. In the first quarter of 2016, the Züblin
Group registered a plus of about 11 % in new orders to € 798 million
(previous year: € 721 million). As the impact from the large new
orders on the output volume will not be felt until the second half of
2016, the output volume in the first three months of the year declined
by 8 % to € 716 million. The order backlog on 31 March 2016 was
again very high, standing at € 4.1 billion, even if it did not quite reach
the record value of the previous year. On the reporting date of
31 March 2016, Züblin had 13,300 employees – 1,458 fewer than the
year before. Tesche sees the Züblin Group as being overall wellprepared for the 2016 financial year and in a good position both in
Germany and abroad. The very good liquidity gives Züblin
considerable competitive advantages. With the security of a high
order backlog, the company can continue to selectively review the
market and the available offers especially in Germany. All in all,
Züblin expects to generate a slightly increased output volume and a
considerably improved net income in 2016.
Die Ed. Züblin AG mit Sitz in Stuttgart beschäftigt rund 14.000 Mitarbeiterinnen und
Mitarbeiter und zählt mit einer jährlichen Leistung von über 3 Mrd. € zu den führenden deutschen Bauunternehmen. Seit der Firmengründung im Jahr 1898 realisiert
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Züblin erfolgreich anspruchsvolle Bauprojekte im In- und Ausland und ist heute im
deutschen Hoch- und Ingenieurbau die Nummer eins. Das Leistungsspektrum des
Unternehmens umfasst alle baurelevanten Aufgaben – vom Ingenieur-, Brückenoder Tunnelbau über den komplexen Schlüsselfertigbau bis hin zum Holzingenieurbau und dem Bereich Public Private Partnership. Züblin legt großen Wert auf
partnerschaftliche Zusammenarbeit und bietet mit dem Züblin teamconcept ein seit
mehr als 15 Jahren am Markt bewährtes Partneringmodell. Aktuelle Bauprojekte des
zur weltweit agierenden STRABAG SE gehörenden Unternehmens sind beispielsweise die Sanierung und der Neubau für die Charité in Berlin, der zweite Bauabschnitt des Uniklinikums Jena oder der Albabstiegstunnel auf der Neubaustrecke
Wendlingen–Ulm. Weitere Informationen unter www.zueblin.de
Images:
MILANEO Stuttgart
Image credits: Ed. Züblin AG
Upper West, Berlin
Image credits: Ed. Züblin AG
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