DGAP-News

BAUER Aktiengesellschaft: BAUER AG records higher total Group revenues and EBIT after nine months - Seite 2

lead times combined with immediate delivery expectations.

Total Group revenues for the Resources segment rose 9.6 percent to EUR
160.6 million, driven mainly by sales of well construction materials and
environmental technology. Our expectations for the Exploration & Mining
area were not meet. Order flow has been impacted by severe weakness in the
mining markets particularly in Africa. Segment EBIT came to EUR -5.7
million (previous year:
EUR -19.7 million) and the net result to EUR -11.0 million (previous year:
EUR -23.9 million). Orders in hand for the segment are solid, valued at EUR
172.2 million (previous year: EUR 176.9 million).

Outlook

The outlook is fundamentally positive for the construction industry due to
high worldwide pent-up demand for infrastructure and buildings. Prof.
Thomas Bauer, Chairman of the Management Board of BAUER Aktiengesellschaft:
"We are able to compensate for the many disturbances in markets like
Russia, the Ukraine and Iraq quite well through business in other countries
and regions. Our new products and services are on a good track." The Group
has sold one of its largest deep drilling rigs, and chances for additional
sales are good. Environmental expertise is furthermore in demand.

BAUER AG has concretized its guidance for financial year 2014. The Group
continues to estimate total Group revenues of around EUR 1.55 billion and
EBIT of around EUR 75 million for the current financial year. The after-tax
profit is likely to come in at the lower end of the estimated range of EUR
15 to 20 million. Due to the problems outlined, we will only be able to
achieve the target through a non-operating one-time income.


The full interim report, including a detailed analysis of the individual
segments and markets, can be found online at http://www.bauer.de.


About Bauer

Bauer is a provider of services, machinery and products for ground and
groundwater. The Group markets its products and services all over the
world. Its global spread allows it to remain largely unaffected by
fluctuating business cycles.

The operations of the Group are divided into three segments: Construction,
Equipment and Resources. The Construction segment carries out specialist
foundation engineering work for complex excavation pits and foundations on
major infrastructure and building projects all over the world, installing
cut-off walls and carrying out ground improvement works as well as
providing related project development services. Bauer's Equipment segment,
a world market leader, offers a comprehensive range of construction
machinery, equipment and tools for the specialist foundation engineering