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Thomas Schulz

Group CEO (Chairman of the Executive Board), Bilfinger Se

Search every verified Thomas Schulz interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At the Bilfinger SE virtual annual general meeting on April 20, 2023, Thomas Schulz described the global environment as being in a "permanent crisis mode," citing inflation, volatile energy and raw material prices, disrupted supply chains, and the war in Ukraine. He stated that Bilfinger's focus on improving customer efficiency and sustainability was the correct strategy, noting that the company's solutions are in demand for operating industrial plants, ensuring energy generation, and advancing renewable energy. Schulz reported that Bilfinger's 2022 group result declined from €130 million to €28 million, attributing this to a €62 million provision for an efficiency program and the absence of prior-year interest effects from tax refunds. He outlined a target to reduce the share of project business in total revenue from 35% to 20% and projected a 2023 EBITA margin of 3.8% to 4.1%, with a free cash flow of €50-80 million. Schulz expressed dissatisfaction with current financial performance but reaffirmed the goal of achieving an EBITA margin of at least 5% by 2024.

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