DGAP-News

BAUER Aktiengesellschaft: Order backlog of BAUER AG at a record level

DGAP-News: BAUER Aktiengesellschaft / Key word(s): 9-month
figures/Interim Report
BAUER Aktiengesellschaft: Order backlog of BAUER AG at a record level

13.11.2015 / 07:00

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- Total Group revenues increased by 2.7 percent to EUR 1,194.9 million
- The net result for the period was EUR -2.7 million (previous year: EUR
-5.0 million)
- Order backlog increased by 30.3 percent to the record level of EUR
1,017.6 million (previous year: EUR 780.8 million)
- Forecast reaffirmed


Schrobenhausen - As at September 30, 2015, the BAUER Group can announce
that its order backlog has reached a record level: at EUR 1,017.6 million,
it is 30.3 percent up on the previous year, and has broken the billion
barrier for the first time in the company's history. Total Group revenues
amounted to EUR 1,194.9 million, which is 2.7 percent up on the previous
year (EUR 1,163.2 million). EBIT was recorded at EUR 36.4 million in
comparison to EUR 38.3 million for the previous year. The net result for
the period was EUR -2.7 million (previous year: EUR -5.0 million). This was
influenced by charges at individual subsidiaries and by restructuring
measures.


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.

In the Construction segment, business has picked up in almost all regions
of the world. Total Group revenues amounted to EUR 564.4 million, an
increase of 4.0 percent on the previous year. The EBIT decreased by EUR 4.4
million to EUR 12.4 million, while the net result for the period decreased
slightly from EUR -1.3 million to EUR -1.4 million. Delays in the approval
of the Center Hill Dam project in the USA had an additional negative impact
in the current year. This created capacity bottlenecks, which also had a
negative impact on the American subsidiary's other project business.
Restructuring measures also had to be implemented. The order backlog
underwent a positive development, growing by 23.9 percent to EUR 584.3
million (previous year: EUR 471.5 million). Major projects in the pipeline
include construction of a cut-off wall for the Diavik diamond mine in
Canada as well as diaphragm walling works for the Polavaram dam in India -
an order that was received after the balance sheet date. Additionally, we
succeeded in winning further smaller and medium-sized orders worldwide.