Regional civil works in Germany, Austria, Romania, Norway and Sweden, with building construction capabilities in German-speaking countries.

1,746 (1,010)1

Order book, CHF m

1,309 (720)1

Production output, CHF m

73% (66%)1

Visibility2

3,229 (2,231)1

Workforce, FTE



1   Restated, see page 232, note 5
2   Visibility: order backlog for current year/planned production output

Segment International’s share of Group’s operational unit results

28,9%

Order backlog

29,6%

Production output

1,2%

EBIT excl. PPA

40,1%

Workforce, FTE

Regionally anchored provider of construction services in Europe
The Segment International includes Implenia’s activities in Germany, Austria, Romania, Norway and Sweden, as well as its overseas gravel plants. Implenia Construction Deutschland is the expert provider for regional customers in German-speaking countries outside Switzerland that need services for civil works, general civil engineering, maintenance and repair; Implenia Hochbau Deutschland is responsible for building construction. Implenia Austria and Romania provides services for civil works, general civil engineering and building construction. In Norway and Sweden, Implenia offers comprehensive services for infrastructure projects, including conventional tunnelling. It also provides niche services for road and rail.

International

  • Building construction capability strengthened in Germany
  • Significant increase in order book
  • Management situation resolved in Norway
  • EBIT excl. PPA
  • *  Restated, see page 232, note 5
  • ** Incl. adjustments of over CHF 15 million in the first
         half-year

For the Segment International, which covers regional civil works in Germany, Austria, Romania, Norway and Sweden, as well as a strengthened building construction capability in Germany, the financial year was dominated by the first-time consolidation of Bilfinger Hochbau. The segment reported good results overall. After deducting all costs, the newly integrated Hochbau Deutschland is already producing a positive performance.

Regional civil works in Germany, Austria, Romania, Norway and Sweden, with building construction capabilities in German-speaking countries.

1,746 (1,010)1

Order book, CHF m

1,309 (720)1

Production output, CHF m

73% (66%)1

Visibility2

3,229 (2,231)1

Workforce, FTE



1   Restated, see page 232, note 5
2   Visibility: order backlog for current year/planned production output

 

Hochbau making positive earnings contribution

EBIT (excl. PPA) came to CHF 1.2 million (2016 restated: CHF 6.3 million). Excluding the adjustments made in the first half of 2017, EBIT would have more than doubled to over CHF 16 million. After deducting all acquisition and integration costs, Hochbau Deutschland, as expected, made a positive contribution. The business performance in Norway was within expectations. Following the tragic death of Stig Ingar Evje, Tone H. Bachke, previously CFO of Implenia in Norway and Head of Corporate Center Scandinavia, took over permanently as the new CEO Implenia Norge in the summer. By the end of the year, after it started bidding for jobs again, Implenia Norge had already acquired a new contract for another complex infrastructure project. It is building a dam and a tunnel for around CHF 70 million. In Sweden, Implenia won the contracts to upgrade key rail infrastructure in the heart of Stockholm for around CHF 100 million, and to build a further section of the E4 Stockholm Bypass. Thanks to these successful acquisitions, the ongoing expansion of the Swedish organisation is progressing as planned. Hochbau Deutschland recently won two major orders in Hamburg and Dortmund.

At the end of December 2017 the order backlog was worth CHF 1,746 million (+73%). The gravel works in Mali and the Ivory Coast performed as expected. Market prospects are good in both countries.

Waste processing centres, Philippsburg and Neckarwestheim

Key projects

Waste processing centres, Philippsburg and Neckarwestheim

In response to Germany’s decision to withdraw from nuclear energy production, energy company EnBW is decommissioning its nuclear power plants. The infrastructure required to do this is being built at its sites in Philippsburg and Neckarwestheim. A consortium that includes Implenia has been asked to build new waste processing centres and waste store at both EnBW sites. Transporting the ready-made roof trusses, each about 30 metres long and 76-tonnes in weight, is a major logistical challenge.

Südwink, Munich

Implenia, as turnkey contractor, is building a new multi-functional centre for the Accumulata Group in the south-west of Munich. With total floorspace of around 18,600 m2, this will house a medical centre, offices, retail units and approximately 150 apartments for students. This variety of usages was one of the challenges presented by the project, which has been developed in accordance with feng shui principles. The planned tenant structure will ensure provision of comprehensive facilities on the doorstep, as well as giving the development a very distinct character.

Apartment block, Töllergasse 3, Vienna

Implenia, operating as general contractor, is building a new apartment block in Vienna for Bauen und Wohnen GmbH (BUWOG). This will include 96 privately financed residential units and underground car parking. One of the building’s special features is its rain water drainage system. Underground seepage structures allow water to drain into the site itself. To keep energy consumption to a minimum, heating is supplied primarily by a water-to-water heat pump backed up by a gas condensing boiler system.

E134 Myntbrua – Trollerudmoen

As part of the E134 project, Statens vegvesen (the Norwegian roads authority) awarded Implenia a general contractor mandate to build a stretch of road between Myntbrua and Trollerudmoen. The construction work includes a new 2.8-kilometre-long, four-lane carriageway, two tunnels, six tunnel portals and the new Kongsberg Bridge over the River Lågen, plus five smaller bridges, retaining walls and noise protection screens. For this major job, Implenia is building on the expertise it has gained at other complex infrastructure projects in Norway.

Hjulsta Södra, Stockholm

Implenia has secured the contract for another section of Stockholm’s Förbifart bypass. The Swedish Transport Administration (Trafikverket) has commissioned Implenia, together with Norwegian company Veidekke, to execute the complex Hjulsta Södra infrastructure project. This involves building a 1.3-kilometre section of motorway with two road bridges, each 650 metres long. One of the challenges faced by the on-site team comes from the location of the bridges: both will cross the busy E18 road, as well as the Mälarbanan railway tracks, which are being expanded during the construction period, and the River Bällstaån.

Segment International’s share of Group’s operational unit results

28,9%

Order backlog

29,6%

Production output

1,2%

EBIT excl. PPA

40,1%

Workforce, FTE

Regionally anchored provider of construction services in Europe
The Segment International includes Implenia’s activities in Germany, Austria, Romania, Norway and Sweden, as well as its overseas gravel plants. Implenia Construction Deutschland is the expert provider for regional customers in German-speaking countries outside Switzerland that need services for civil works, general civil engineering, maintenance and repair; Implenia Hochbau Deutschland is responsible for building construction. Implenia Austria and Romania provides services for civil works, general civil engineering and building construction. In Norway and Sweden, Implenia offers comprehensive services for infrastructure projects, including conventional tunnelling. It also provides niche services for road and rail.