Return-on-capital-employed controlling

Value-Oriented corporate management in the Bilfinger Berger Group

We consistently gear everything we do toward economic success and increasing corporate value is our prime focus.

To do this, we use Group-wide return-on-capital-employed controlling, the goal of which is to systematically apply resources to the expansion of areas with strong earnings potential. A value added is only created when the return on capital employed is greater than the capital costs from the financing of the asset.

For the Group we have set a weighted cost of capital (WACC) of 10.5 percent before taxes. The specified WACCs per segment are: 13.0 percent for the construction segments, 9.0 percent for Services and 9.8 percent for Concessions. Both capital employed and return-on-capital-employed can be derived from published figures. This creates a greater degree of transparency and improves investor confidence in our company.

Our pursuit of increased corporate value will not, however, cause us to lose sight of our responsibilities as concerns our employees, society and the environment.

Table Return-on-capital-employed controlling