DGAP-News

BAUER Aktiengesellschaft: BAUER AG records higher total Group revenues and EBIT after nine months

DGAP-News: BAUER Aktiengesellschaft / Key word(s): 9-month
figures/Interim Report
BAUER Aktiengesellschaft: BAUER AG records higher total Group revenues
and EBIT after nine months

14.11.2014 / 07:00

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- Total Group revenues up 5.4 percent to EUR 1,163.2 million
- EBIT increases from EUR 12.6 million to EUR 38.3 million
- After-tax loss of EUR 5.0 million recorded
- After-tax profit forecast concretized


Schrobenhausen - For the first nine months of the current financial year,
total Group revenues for BAUER Aktiengesellschaft are up 5.4 percent from
EUR 1,103.9 million to EUR 1,163.2 million. EBIT increased substantially
over this period, from EUR 12.6 million to EUR 38.3 million. A negative net
result of EUR -5.0 million was recorded for the period (previous year: EUR
-21.4 million) caused by special effects and market disruptions. These
include problems with a dam project in the US, which have caused losses in
parallel with substantially higher income tax expense. Year-to-year
comparability is not meaningful due to special effects affecting the
previous-year after-tax result as well. Solid orders in hand valued at EUR
780.8 million (previous year: EUR 836.7 million) will keep capacity
utilization at a good level over the months ahead.

Business segments

With its three segments - Construction, Equipment and Resources - the BAUER
Group operates a widely diversified business model and an international
network.

Total Group revenues in the Construction segment decreased slightly by 1.7
percent to EUR 533.3 million. The reason was the completion of a number of
large projects in the second and third quarters of last year. The effect of
this is seen as well in orders in hand, which is somewhat lower at EUR
465.9 million, down 6.4 percent (previous year: EUR 497.7 million). Segment
EBIT improved by EUR 2.3 million to EUR 20.3 million. A net profit of EUR
2.4 million was recorded for the period (previous year: EUR 4.0 million).

Total Group revenues in the Equipment segment increased 11.4 percent to EUR
507.5 million. A number of complex machines were delivered in the first
nine months of the year, improving margins. Segment EBIT rose from EUR 13.3
million to EUR 25.9 million for a net profit for the period of EUR 4.3
million versus EUR -3.4 million in the previous year. Orders in hand
totaling EUR 142.7 million declined slightly relative to the previous-year
figure of EUR 162.1 million. The specialist foundation engineering
equipment business remains subject to intense competition and short order