Bilfinger SE (BFLBY) Discusses Market Uncertainty, Order Delays and Launch of Project Agile Transcript

Bilfinger SE ( BFLBY ) Discusses Market Uncertainty, Order Delays and Launch of Project Agile September 17, 2026 1:00 AM EDT Company Participants Martina Kalkhake - Senior Vice President Investor Relations Thomas Schulz - Chairman of Executive Board & CEO Matti Jakel - CFO & Member of the Executive Board Conference Call Participants Craig Abbott - Kepler Cheuvreux, Research Division Michael Kuhn - Deutsche Bank AG, Research Division Olivier Calvet - UBS Investment Bank, Research Division Presentation Martina Kalkhake Senior Vice President Investor Relations Good morning, ladies and gentlemen. Thank you very much for joining our early call this morning. My name is Martina Kalkhake, and I'm here today with our Group CEO, Thomas Schulz; and our Group CEO, Matti Jakel. We will start with a short presentation today and then open up the call for your questions. [Operator Instructions] The event will be recorded. I now hand over to Thomas. Thomas Schulz Chairman of Executive Board & CEO Thank you, Martina. Good morning, everybody. Let's go directly into our communication package what we have. So when we looked into the actual situation, we have the following comments to make on that, what we see in the market and what we see versus that what we said actually a few weeks ago. We see with especially the last weekend event and the significant increased uncertainty in the market, actually not in the Middle East, actually, in a lot of other areas, too, that the uncertainty on the customer side based on not able to predict from their point of view, energy costs and further developments as an example, that we have here no improvement, which we see and hear and got from our customers fairly clear that they are with all what they can being more on a break until they have more certainty. When