DGAP-News

BAUER Aktiengesellschaft: BAUER AG recorded a good start of the business year

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Quarter
Results/Interim Report
BAUER Aktiengesellschaft: BAUER AG recorded a good start of the
business year

13.05.2015 / 07:00

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- Total Group revenues up 8.2 percent at EUR 409.1 million
- Net loss for the period according to plan at EUR -8.6 million (previous
year: EUR -7.4 million)
- Orders in hand grow by 17.6 percent to EUR 848.2 million (previous year:
EUR 721.1 million)


Schrobenhausen, Germany - Business at the BAUER Group started off well in
the first quarter. The international construction and machinery
manufacturing concern benefited from strong construction markets in nearly
all regions of the world.

Total Group revenues were EUR 409.1 million at the end of March - an 8.2
percent increase against the previous year (EUR 378.1 million). EBIT was
recorded at EUR 1.2 million in comparison to EUR 4.9 million for the
previous year's corresponding quarter. Net loss for the period was in line
with expectations at EUR -8.6 million (previous year: EUR -7.4 million).
Orders in hand rose by a significant 17.6 percent from EUR 721.1 million to
EUR 848.2 million.

Business segments

With its three segments - Construction, Equipment and Resources - and its
broadly diversified business model, the Group operates through more than
110 subsidiaries in some 70 countries around the world.

The Construction segment saw business pick up in nearly all regions of the
world and is currently marked by a large number of small and medium-sized
projects. Total Group revenues increased by 8.4 percent to EUR 193.5
million. EBIT improved from EUR 1.5 million to EUR 4.9 million. A net
profit of EUR 1.1 million was recorded for the period (previous year: a
loss of EUR -3.4 million), which is unusual for the seasonal nature of the
business. The company now expects that the problematic projects in the past
will no longer negatively impact its result. Although large projects have
been completed, the trend in orders in hand has been very healthy, rising
by 17.8 percent to EUR 513.3 million.

The Equipment segment saw strong demand; however less large and complex
equipment was delivered in the first quarter. There was a positive
development in the number of orders received, which increased by 6.8
percent to EUR 176.7 million in the first three months. Much of the