Systematic construction. The company

Transcription

1 Systematic construction The company

2 1 Contents The basis of our corporate success is systematic modular construction. As a family-run technology company, we make an active contribution to the future of construction. Editorial 2 01 Company 4 Identity 6 Corporate Culture 8 Sustainability 10 History Profile 14 Systematic modular construction 16 Integral design 18 BIM and beyond 20 Decentral organisation 22 Our customers Products and Services 26 Industrial Buildings 28 Office Buildings 30 Multi-storey Car Parks 32 Building Redevelopment 34 Schools, Nurseries 36 Retirement Homes, Housing Construction 37 Property Services 38 Facility Services 39 Parking Services 40 Public-Private Partnerships Annual report 2017/18 42

3 1 Investment in the future In our new plant in Łódź, truss beams and general steel components are being produced for the Eastern European market in this 18,000 m² facility. Test production has already started after a construction period of just one year and the facility will officially open in the autumn of The basis of our corporate success is systematic modular construction. As a family-run technology company, we make an active contribution to the future of construction. Gothenburg Birmingham Kiel Rostock Hamburg Bremen Arnhem Berlin Toruń Muenster Hanover Bochum Bielefeld Magdeburg Hamm Posen Dusseldorf Kassel Leipzig Łódź Rakowice Małe Cologne Dresden Giessen Erfurt Coblenz Plauen Suhl Frankfurt Mannheim Prague Cracow Nuremberg Kutná Hora Karlsruhe Regensburg Tovačov Stuttgart Ulm Munich Lake Constance Linz Rosenheim Bratislava Salzburg Vienna St. Gallen Bregenz The new steel component plant in Łódź, Poland

4 2 3 Editorial The GmbH Executive Board Dear readers, On 1 September 2019, will be 50 years old. This may be just a blink of an eye in the grand scheme of things, but it is half a century of family and group history and a life story. During this time, we have developed continuously, have grown and had to look at ourselves critically over and over again. Developments always bring changes. Such a change can also be seen in the picture on the right. Our long-term Managing Director Christian Schnieder has retired and you can see two new faces in our management team. Oliver Schele heads the newly-created unit Processes and Organisation. In the equally newly-structured unit Innovation, Products, Systems, Hans-Jörg Frieauff is responsible for the Research & Development division or our products and construction systems. In a dynamic world, our future viability greatly depends on the areas for which these units are responsible. Digitalisation has long been a part of our lives, as have Virtual Reality and BIM and not just in special lighthouse projects, but continuously. However, above and beyond this, new technologies are developing at breakneck speed in mechanical & electrical equipment, in construction materials, in efficient planning and construction site control, in the use of production robots, drones and scanning methods and in many other areas. And this is why we do not place our sole trust in our German BIM experts, but have also founded a unit in Silicon Valley. This is how we experience, support and drive the innovations of the next generation. A glimpse of the (digital) future promises that it s going to remain exciting! Warmest regards, Jörg-Uwe Goldbeck Jan-Hendrik Goldbeck Hans-Jörg Frieauff Innovation, Product and System Development Oliver Schele Technology and Processes Jörg-Uwe Goldbeck Finances, Marketing and Personnel Jan-Hendrik Goldbeck Services, Digitalisation and Internationalisation Lars Luderer Domestic Turnkey Construction and RHOMBERG Austria/Switzerland Uwe Brackmann Foreign Turnkey Construction and Key Account Logistics Uwe Kamann Production and Assembly

5 4 5 Company Identity 6 Corporate Culture 8 Sustainability 10 History 12

6 6 01 Company Identity Identity 01 Company 7 ogether, Our company. There s a reason behind everything e are OLDBECK Anyone shouldering responsibility should have solid ground beneath their feet. We have such a solid foundation. For 50 years, our values of readiness for action, awareness of responsibility and humanity have formed the framework for our thoughts and actions. Our guiding principle has been systematic construction. This has allowed us to place our mark on our industry over the last few decades. Family run and in the 2nd generation, places emphasis on sustainable, future-orientated actions.

7 01 Company Corporate Culture 8 9 Corporate Culture 01 Company Trust and responsibility. Our Corporate Culture is a family company. Our world is colourful, whether this comes from overalls and safety shoes, ties and colourful socks, or t-shirts and trainers. We create added value together. We place trust ahead of control, responsibility ahead of paternalism and regional presence ahead of centralisation. This allows us to create space for efficient, creative and entrepreneurial work. At the same time, we offer flexible working time models, assist with childcare and invite employees to share in the Group s success through a participation programme. We write our strategies in pencil and values in ink. Ortwin Goldbeck Company founder, now Chairman of the Supervisory Board Team event, Leipzig branch

8 01 Company Sustainability Sustainability 01 Company Sustainability. A multi-generational task Anyone wanting to maintain a life s work and wishes to see it grow may not be primarily guided by quarterly figures. That s why we think and act in a long-term manner. We pursue this sustainable approach in the ecological, economic and social fields. Our method of construction creates highly energyefficient buildings. Our mechanical & electrical equipment and construction-related services significantly reduce resource consumption during operation. Even climate-neutral construction is possible with. As an attractive and secure employer, we give people who work for us opportunities for further development, both professionally and personally. And, through the Foundation, we have committed ourselves to countless projects in the fields of education, culture and social projects.

9 01 Company History History 01 Company Construction of the plant in Treuen (Vogtland) 1997 First steps towards internationalisation 1998 Founding of the service division 2007 The second generation takes over, Ortwin Goldbeck moves to the Supervisory Board 2015 Founding of New Technologies 2018 Acquisition of extension at the Bielefeld Head Office and steel components plant in Łódź, Poland opens 1969 Company founded Founding of the first subsidiary (Hanover): Our customer-oriented sales system is born Development of product lines for industrial buildings, offices and multi-storey car parks Introduction of employee participation 1994 Purchase of the Prefabeton prefabricated concrete plant in the Czech Republic 2001 Merger with RHOMB- ERG to form RHOMBERG (Austria & Switzerland) 2009 Construction of the concrete plant in Hamm 2013 Purchase and modernisation of the prefabricated concrete plant in Ulm 2017 takes over manufacturer of precast concrete components Comfort S.A History. Roots for growth Looking backwards gives us confidence for the future: From its humble beginnings, has become one of the largest family-run German construction companies within 50 years. And it has reinvented itself time and again. However, the most important thing has applied since the beginning: we optimise construction periods, construction costs and quality through systemised processes and precast construction elements. Perhaps it was the proximity of his parent s metalworking shop that ignited Ortwin Goldbeck s passion for steel at such a young age. When the young engineer first started making steel components for industrial buildings in 1969 with seven employees, he laid the foundations for an unbeatable successful principle: He replaces manual labour on the construction site with guaranteed industrial quality. Adopting this method, in the 1980s Goldbeck begins prefabricating whole buildings. System components made from steel and concrete are assembled together to create turnkey industrial buildings, office buildings and multi-storey car parks. Very soon, the company offers the entire range, from design to building construction. The new concept is successful. quickly enters new markets and develops a decentralised sales network. As early as 1984, employees are included as silent partners, in order to include them in the company s success through share certificates. Construction-related services are added to the company s portfolio. International was founded in 1997, carving the path towards internationalisation in the new millennium. Subsidiaries are founded in the Czech Republic, Poland, Slovakia, Austria and the UK marks the end of an era with a generation change: Founder Ortwin Goldbeck passes the baton to his sons and joins the Supervisory Board. Together with other Managing Directors, they continue the life s work of their father. And with great success: in the years that follow, the company more than doubles its performance and workforce. With the construction of a new plant in Poland, extensive investment in branch offices and further internationalisation in Scandinavia and Benelux, lays the foundation for further growth in the coming years.

10 14 15 Profile Systematic modular construction 16 Integral design 18 BIM and beyond 20 Decentral organisation 22 Our customers 24

11 02 Profile Systematic modular construction Systematic modular construction 02 Profile Systematic modular construction. What do cars and buildings have in common? Just imagine you wish to produce a specific item, such as a car. And you not only want to do this once, but time and time again in various versions. You will soon discover that a well-equipped workplace is essential. Optimised production lines ensure quality, details are clarified and all the machinery, materials and tools are located in the right place. You can work unhindered by the wind and weather and your working environment is set up perfectly with everything within reach. has proved that this also works in construction for 50 years. We realise very different building types the products in this manner: we combine them from industrially precast, well thought-out system elements. They are created in our factories, fit together perfectly and are easily assembled on the construction site. This results in buildings that are extremely cost-effective and quick to build with a consistently high level of quality. And because our system remains discreetly in the background (the visible elements are individualised and the invisible ones standardised) this leaves plenty of space for creative architecture and contemporary design.

12 02 Profile Integrated design Integrated design 02 Profile Integrated design. Thinking everything through from the beginning onwards We have all the specialists required for a construction project under one roof. The integrated design process combines the planning services of all the technical divisions required for the design of a building. Experts from the different fields work together in interdisciplinary teams for the entire length of the project. This method comprises not only the function but also the entire life cycle of a building. It makes interdependencies transparent, thus setting out the requirements needed to view projects as a whole. There is no need for time-consuming interfaces, processes are slimmed down, project knowledge is shared across disciplines and construction becomes more sustainable and can conserve resources.

13 02 Profile BIM and beyond BIM and beyond 02 Profile BIM and beyond. The future of construction The much-quoted abbreviation BIM (Building Information Modelling) stands for technology that alters construction. But what is it about? On the one hand it s an efficient method of digital planning and on the other it s about creating a comprehensive building model, which can be used to coordinate construction site and building operation processes considerably more efficiently. BIM is an interdisciplinary information hub, which makes the construction processes faster, more profitable and more secure as a whole. Systematic modular construction provides the ideal conditions for this, because our systematisation offers the perfect basis for the model-based method in conjunction with integrated design. BIM combines technical disciplines especially when this is of paramount importance. It automatically steers project communication in the right direction. Would you like to experience this for yourself? Then come and visit us in Bielefeld or Hirschberg and walk through digital building models using Virtual Reality goggles. Change colours and facilities at the touch of a button and select the appropriate modules for your office. Welcome!

14 02 Profile Decentral organisation Decentral organisation 02 Profile Decentral organisation. Side by side with our customers In the thick of it rather than on the sidelines: with six subsidiaries and 31 locations in Germany, is at your side at all times. More than 6,000 employees ensure that our decentral organisation works flawlessly. After all, those who build need to be familiar with regional conditions and know how to deal with them. Our customers place their trust in experienced employees, who are networked in the regions and for the most part live there too. We also apply this concept throughout the rest of Europe. ers work at a total of 17 locations in the United Kingdom, Sweden, the Netherlands, Switzerland, Austria, Slovakia, the Czech Republic and Poland. This ensures short communication paths and that we are close to the market. In addition, our local colleagues are very familiar with the appropriate laws and construction regulations in their respective countries. New office buildings of branch offices in Hanover, Nuremberg and Bochum and the Suhl subsidiary.

15 02 Profile Our customers Our customers 02 Profile % more 44% investors Our customers. Fulfilling requirements 47% own users Project developers trust in our short construction periods and optimised construction costs. In addition, both end investors and financing banks value as a construction partner due to its reliability in construction, financial security and construction quality. builds for both small and medium-sized businesses as well as large companies, investors and public sector customers. They all rely on for good reasons: regionality, design reliability, high quality, reliability and short construction periods. However, in addition, all the customer groups also have their own individual requirements. Medium-sized companies value our proximity, the personal advice and our individual solutions. Directly on-site, we are well aware of the regional and local circumstances. And, even with our subcontractors, we place emphasis on regionalism: We have worked together successfully with many of our partner companies for years. 6% public sector We can offer large companies professionalism, full-cover performance and innovative power. With more than 1,000 architects and engineers, we can also tackle highly-complex requirements at an early stage in the design phase. The limited resources of the public sector can benefit from our complete solutions and budget guarantee, as well as our wide-ranging experience in school, administrative and special category buildings.

16 26 27 Products and Services Industrial Buildings 28 Office Buildings 30 Multi-storey Car Parks 32 Building Redevelopment 34 Schools, Nurseries 36 Retirement Homes, Housing Construction 37 Property Services 38 Facility Services 39 Parking Services 40 Public-Private Partnerships 41

17 28 03 Products and Services Industrial Buildings Industrial Buildings 03 Products and Services 29 Industrial Buildings. For logistics and production 265* Industrial Buildings * in the financial year 2017/18: A new location, a requirement for more space, optimised processes, greater energy efficiency: there are many good reasons for building new industrial buildings or extending an existing one. is the market leader in this segment. Be it for your own use or to rent out, plans and builds custom-fit buildings for every industry, of any size, with two storeys on request and including integrated or extended offices. No less than 265 industrial buildings realised in the last financial year sends a clear message: our customers value our one-stop shop for architects, engineers, planners and building technicians. Thanks to our integrated design process, we are able to coordinate our services in the best possible way. At, optimum form and function meet low operating costs and certified sustainability. Certified sustainability The system for logistics halls has been awarded multiple certification in Gold by the German Sustainable Building Council (DGNB). This ensures that all projects built and tested under this defined system automatically meet the criteria of the DGNB pre-certification, proof of their high sustainability in terms of construction and operations. febi, Ennepetal

18 03 Products and Services Office Buildings Office Buildings 03 Products and Services Office Buildings. Individual comfort 110* Office Buildings has been building office buildings for more than 40 years. Individualists in function and aesthetics, who implement tomorrow s requirements today and not just in terms of energy. From a Single Workstation, to a Thinktank, Touch Down or Project Lab, offers a total of 13 room modules, which cover the requirements of complex worlds of work. Each module can be furnished using the comfort levels Standard, Premium and Premium+. One particularly exciting thing is that at the System Centres, buildings can be intensively experienced through life-size exhibits, a wide range of material samples and in a fascinating Virtual Reality environment. And that s even before construction starts! Proven sustainability The system for office buildings has also been awarded multiple Gold certifications by the German Sustainable Building Council (DGNB). SSV technology, Wutha-Farnroda * in the financial year 2017/18

19 32 03 Products and Services Multi-storey Car Parks Multi-storey Car Parks 03 Products and Services 33 Multi-storey Car Parks. For our favourite travel companions. 61* Multi-storey Car Parks A new above-ground multi-storey car park is built every six days in Germany. And every second one is built by us. This means that we are the clear market leader. That didn t just happen overnight: We have been tackling the design and construction of multi-storey car parks for more than 25 years. We continuously optimise our construction materials, system components and building details, thus making utilisation concepts ever more comfortable and profitable. Besides functionality, the architectural design of the façade and entrance area is the top priority. Modern multi-storey car parks can create architectural highlights, fit elegantly into their environment and take urban development requirements into account. Our experience in the operation of multi-storey car parks means that we also know the requirements of users: for a long time now, we have implemented electromobility concepts and have tackled automatic parking and ticketless payment systems. employee multi-storey car park, Bielefeld * in the financial year 2017/18

20 03 Products and Services Building Redevelopment Building Redevelopment 03 Products and Services Demolition, new-build or revitalisation? Our technical experts analyse the potential of a building and supply the customer with a clear basis for decision-making. Building Redevelopment renovates ageing buildings both thermally and architecturally and prepares them for a successful future. We tackle each renovation project as a whole. Architects, construction planners and building technicians work hand in hand in the planning teams. Today, our experts are already thinking about tomorrow s operating costs and also of how to reduce emissions to a minimum. And, should no original plans be available for the existing building, we will create new plans through state-of-the-art 3D laser scan technology. Heerdter Sandberg, Dusseldorf Building Redevelopment. Revitalising existing buildings 36* Existing properties * in the financial year 2017/18:

21 03 Products and Services Schools, Nurseries Retirement Homes, Housing Construction 03 Products and Services Schools. Where rooms inspire Nurseries. Room for development Retirement Homes. Designed for well-being Housing Construction. Living in an urban area An open atmosphere, lots of daylight and space to develop creates schools according to modern concepts. Schools need more than compelling educational concepts; they also need spaces that will inspire learning. Heinrich-Heine school, Büdelsdorf Our little ones need safety and security as well as freedom to move and plenty of space for movement. We create this creative space, together with nurseries which fulfil all the requirements where children can grow up in a safe environment. Die Schlaufüchse nursery, Pirna Living with dignity in old age: our Retirement Homes are designed to meet the requirements of their residents. The modular structures make it easy to find your way around and the atmosphere promotes well-being enables and optimum care. Retirement home, Hohenkirchen Affordable residential space is scarce, particularly in large cities and there is insufficient building capacity throughout Germany. Set against this backdrop, developed a concept for cost-optimised living, which follows the virtues of system construction methods. Starting in the east and northeast of Germany, we will be able to offer this product across the country over the next few years. Serial residential construction, visualisation

22 03 Products and Services Property Services Facility Services 03 Products and Services Facility Services. Your all-round package Boulevard, Bielefeld We optimise building processes continuously and comprehensively and make sure everything goes smoothly, even after the keys have been handed over. Through regular quality controls, our Facility Management division guarantees the technical functionality and profitability of all kinds of buildings. After construction is completed, the commissioning service ensures the perfect start. On request, it can even support the construction project in the design phase, safely guide the property into standard operation and be a reliable partner in the fields of mechanical & electrical technology and operation. Property Services. Property in safe hands For owners of existing real estate, we can manage commercial properties, such as shopping centres and logistics or office buildings. In so doing, we organise all the commercial tasks of building operation, let empty spaces and reveal hidden potential. Our Property and Centre Management division works together with strong regional partners and develops efficient marketing strategies.

23 03 Products and Services Parking Services Public-Private Partnerships 03 Products and Services Parking Services. Parking Services operates around 85 car parks for owners of multi-storey car parks with more than 35,000 parking spaces in Germany and Austria. In so doing, we can benefit from the synergy effects of our construction expertise. If necessary, we can offer our customers a complete package from a single source: construction, technical services, operation all with design reliability and at a fixed price. In our multi-storey car parks, the technology of tomorrow can already be experienced today with digitalised parking management, contactless payment systems and barriers with number plate recognition. All-inclusive parking Klinikum car park, Traunstein Heppenheim civic centre Public-Private Partnerships. We develop and construct, operate and finance properties for the public sector, whether these be sports halls, schools, fire stations or police stations. We provide cost and design reliability, ensure a high level of functionality and always keep an eye on the overall life cycle of a building. In this way, we can ensure that the economic relationships between investment and operating costs are transparent at all times. should be involved as early as the design phase. Only when the design takes the system into account can all the organisational, economic and temporal benefits of systematic modular construction be realised fully. Building for citizens Klinikum car park, Traunstein

24 42 43 Annual report

25 44 04 Annual report 2017/18 04 Annual report 2017/ buildings 2,729 (EUR m) total turnover 6,040 (As of 31/03/2018) Employees

26 46 04 Annual report 2017/18 04 Annual report 2017/18 47 Our financial year Overall statement Business performance closed the 2017/18 financial year with record levels of new orders and total turnover. started the current 2018/19 financial year with an even higher work in hand and, as ever, a highly pleasing volume of new orders. The Group can look back, in the estimation of the Management, on an overall successful financial year 2017/18 ( to ). We achieved record levels of new orders and total turnover and exceeded the previous year s forecasts. The pre-tax result is satisfactory, even if it was not quite possible to achieve the level of the previous year. Set against a backdrop of positive developments in the construction industry in the European markets in which we operate, was not only able to maintain its current market share, but also again posted above-average growth, thanks to its nationwide sales organisation and precisely defined, constantly evolving products. The company started the current 2018/19 financial year with an even higher work in hand and, as ever, a highly pleasing volume of new orders. Provided the overall economic situation in the markets in which we operate does not dramatically worsen once again as a result of external shocks, the company expects to see further increases in total turnover. Earnings should also be higher than in the reporting year. Capacity expansions are being implemented to eliminate existing production capacity bottlenecks. The Group s stable assets and financial position continues to contribute significantly to its independence and to help secure its future. In a positive macroeconomic environment, the Group has also enjoyed continued success in the past financial year in the markets in which it operates, despite the mixed fortunes prevailing in the construction industry. In comparison to the previous year, the volume of new orders was up again by 11.6 %, reaching almost 3.1 billion. This is a new high in the Group s history. As a result of this business development, the Group s total turnover increased by 11.6 % to 2,729 million; this too is a new record in the Group s history. New orders and total turnover Amounts stated in millions of EUR 2017/ / / / /14 New orders 3,097 2,774 2,285 2,074 1,695 total turnover 2,729 2,446 2,078 1,881 1,573 New orders reach a new high in the Group s history. Total turnover in millions of EUR 3,500 3,000 2,500 2,000 1,500 1, In Germany, the regional companies continued to grow in a favourable environment within the commercial real estate market and were able to further strengthen their market position. The consolidated total turnover increased accordingly by 10.4 % to more than 2.1 billion. By the end of the 2017/18 financial year, all German subsidiaries had exceeded their new orders targets and generated more than 2.4 billion in new orders. Of this, 83 million (previous year: 49 million) resulted from the now regionally-organised Building Redevelopment division, the set up of which successfully continues in the subsidiaries. In addition, has, in the last financial year, had successful first experiences with projects in serial housing construction. In the light of a now more promising economic environment, particularly in the eastern European markets, International GmbH and its holdings further developed their leading position in the construction of industrial and logistics buildings in the eastern European markets. Supported by the overall market trend, our international subsidiaries in Poland, the Czech Republic and Slovakia all posted increased total turnover. In the UK, Austria and Switzerland too, remained a successful player in the market. The growth of consolidated total turnover by more than 15% made a disproportional contribution to the growth of the overall group. New orders increased to 637 million. International GmbH and its holdings further expanded their leading position in the construction of industrial and logistics buildings in the eastern European markets

27 48 04 Annual report 2017/18 04 Annual report 2017/18 49 Business performance In the past financial year, once again managed to successfully develop its share of the markets in which it operates and to increase its earnings in the field of turnkey construction. With their integrated consultancy services, Gebäudemanagement and Procenter are helping to secure the long-term sustainability of real estate, which in turn allows customers to focus on their core business. Consolidated total turnover for this business area fell from 48.7 million in the previous year to 46.8 million due to client-side real estate sales and a further decline in rental activity compared to the previous year. Public Partner remained on a positive path. Positive value contributions were generated from the operation of already acquired projects. Three new school projects were implemented in the reporting year. The consolidated total turnover was doubled to 37.8 million. One particular success was concluding the contract for the highly contested South-East Hesse Police HQ (PPSOH) project. After a two-year contractual interruption phase in accordance with public procurement law, Public Partner won the project in December The Parking Services division was expanded further according to plan in the financial year and achieved a consolidated total turnover of 16.4 million, compared to 14.5 million the previous year. In the 2017/18 financial year, Solar implemented its first project in its new market, the Netherlands. The consolidated total turnover increased to around 45 million, compared to 40 million the previous year. Its own production capacities were well utilised in the past financial year on the whole due to an increase in new orders, with peak workloads offset by the increased recruitment of agency workers and subcontractors. For this reason, the repeatedly high capacity utilisation led to the decision to purchase the second-largest Polish precast concrete components manufacturer, Comfort SA. Integration into the overall company has begun. In addition, new building work was commenced for a production site for steel construction in Łódź, Poland, which was decided upon last year. The start of production is planned for the current financial year. The described development of the individual areas shows that in the 2017/18 financial year, once again managed to successfully develop its share of the markets in which it operates and to grow further, particularly within turnkey construction. As a whole, sound earnings were generated. With a product portfolio based on construction systems and construction-related services, the Group remains fit for the future. The Group s continued growth also led to the creation of new workplaces in the past financial year. The following year-by-year comparison showing the average number of employees at the Group attests to this longterm development: Average staff headcount 2017/18 n n n n n n n n n n n n n n n n n 5, /17 n n n n n n n n n n n n n n n 4, /16 n n n n n n n n n n n n n n 4, /15 n n n n n n n n n n n n 3, /14 n n n n n n n n n n n 3,394 Workforce development 7,000 6,000 5,000 4,000 3,000 2,000 The Group s continued growth also led to the creation of new workplaces in the past financial year. 1,

28 50 04 Annual report 2017/18 04 Annual report 2017/18 51 Assets Opportunities and outlook remains extremely well-financed, which will guarantee stability for the company, even in difficult economic phases. The development of key figures relating to the assets and financial position compares to the previous year as follows: Key figures assets and financial position Balance sheet total Figures stated in 2017/ / / / /14 EUR m 1,243 1, Equity capital EUR m Equity ratio % In light of the Group s repeated and significant growth, the balance sheet total rose moderately in the past financial year by 56 million or around 4.7 %. Whilst the items on the liabilities side only marginally changed, similar to the change in the balance sheet total, the fixed assets increased by a total of 116 million. Of these, around 59 million were part of the intangible assets and property, plant and equipment, particularly incurred by the purchase of the precast concrete components plants in Poland. With an increase of around 56 million, the financial assets increased and the portfolio of securities also grew considerably. The level of securities amongst current assets increased to almost 62 million. Liquid assets fell accordingly by around 95 million to a continued very solid 429 million. A further expression of the sustained high growth of the company is the amount of unfinished projects which has risen by 150 million to 951 million. As total advance payments on orders also exceeded the portfolio of inventories on this balance sheet date, this led to an increase in liabilities of 121 million (previous year 112 million) on the liabilities side of the balance sheet. With 630 million (+ 42 million) equity capital, remains extremely well-financed, which will guarantee stability for the company, even in difficult economic phases. Due to the comparatively small increase in the balance sheet total, the equity ratio increase to 50.4 %, is a very good figure, not only in comparison with other companies in the industry. Overall, around 48.3 million was invested in intangible assets and property, plant and equipment in the past financial year. In the current year, is well-positioned for turnkey construction in the markets it serves. The aim, as a medium-sized Group managed by its owners, is to buck the economic trend with further growth. continues to acquire orders extremely successfully on the basis of intensive market and target group cultivation, coupled with the continuous development of its Products and Services. In the current 2018/19 financial year, following an increase in targets compared those planned for the 2017/18 financial year, therefore expects to hit its new order projections ( 2,628 million, previous year 2,280 million). At the end of June 2018 (3 months), the Group was posting new orders of 1,026 million. This equates to around 39 % of the full-year forecast. In line with the developments witnessed thus far, the subsidiaries are confident that they will hit their new order projections for the current financial year. The work in hand for the Group currently stands at around 3.7 billion (previous year 3.3 billion). 1.3 billion of these orders (previous year 1.2 billion) are already in process. The in-house production capacity bottlenecks resulting from this significant increase in order volume have been counteracted at both by further process optimisation and the opening of the steel construction site in Łódź, Poland. In addition, the Polish plants for precast concrete units purchased in the previous financial year were increasingly integrated into the production process. On the basis of more efficient and continuously evolving products, coupled with comprehensive in-house production, and considering the overall economic situation and conditions prevailing in the construction industry, expects to continue to affirm its position and make progress in the markets in which it operates. Given the existing backlog of orders and the current volume of new orders, anticipates a further moderate increase in total turnover and pre-tax earnings for the current 2018/19 financial year, provided that external political and overall economic effects or unforeseen weather conditions do not prevent this from happening. Bielefeld, 31 July 2018 For the current 2018/19 financial year, anticipates a further moderate increase in total turnover and pre-tax earnings.

29 52 04 Annual report 2017/18 04 Annual report 2017/18 53 General information Consolidated financial statements as of 31 March 2018 The consolidated financial statements of GmbH, Bielefeld, were prepared in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch) in consideration of the law on limited liability companies (GmbH-Gesetz). The complete set of consolidated financial statements will be published in the electronic version of the Federal Gazette (Bundesanzeiger). Assets Expressed in T 31/03/ /03/2017 A. Fixed assets I. Intangible assets 35,160 14,404 II. Property, plant and equipment 137,039 98,246 III. Financial assets 323, , , ,359 B. Current assets I. Inventories 0 0 II. Receivables and other assets 247, ,619 III. Securities 61,998 33,001 IV. Cash in hand, bank balances 429, , , ,255 C. Prepaid income 8,337 2,308 D. Deferred tax assets ,242,878 1,187,367 Liabilities Expressed in T 31/03/ /03/2017 A. Equity capital I. Subscribed capital 50,000 50,000 II. Other equity 576, , , ,824 B. Accruals 240, ,764 C. Liabilities 374, ,295 D. Prepaid expenses E. Deferred tax liabilities ,242,878 1,187,367

30 54 04 Annual report 2017/18 04 Annual report 2017/18 55 Company development over the last five years Equity capital +71% Total turnover +73% New orders +83% Staff headcount +57%

31 56 Corporate structure GmbH Operative companies, as of September 2018 Regional subsidiaries and locations for turnkey construction Service companies Component production Nord GmbH Ost GmbH Nordost GmbH Süd GmbH Südwest GmbH West GmbH International GmbH Services GmbH Bauelemente Bielefeld SE Bielefeld Dresden Berlin Lake Constance Frankfurt Bochum Arnhem, the Netherlands Gebäudemanagement GmbH Bauelemente Treuen GmbH Bremen Erfurt Leipzig Munich Karlsruhe Düsseldorf Birmingham / GB Procenter GmbH Giessen Nuremberg Magdeburg Rosenheim Koblenz Cologne Bratislava/SK Public Partner GmbH Hamburg Plauen Rostock Stuttgart Mannheim Bregenz, Austria Parking Services GmbH Betonelemente GmbH, Hamm Betonelemente Süd GmbH, Ulm Montage GmbH Hanover Regensburg Ulm Gothenburg, Sweden Prefabeton s.r.o., Czech Republic Kassel Suhl Kraków, Poland Topos Prefa Tovačov a.s., Czech Republic Kiel Linz, Austria Elementy Polska Sp. z o.o., Poland Münster Poznań, Poland COMFORT S.A., Poland Prague, Czech Republic Salzburg, Austria St. Gallen, Switzerland Vienna, Austria Imprint Responsible: Marketing Concept/design: deteringdesign, Bielefeld Printing: Bösmann, Detmold 9/

32 GmbH Ummelner Straße Bielefeld, Germany Tel goldbeck.de