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BAUER Aktiengesellschaft: BAUER AG increases total Group revenues and starts the new financial year with an excellent order backlog

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Final Results/Forecast
BAUER Aktiengesellschaft: BAUER AG increases total Group revenues and starts
the new financial year with an excellent order backlog

18.04.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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- Total Group revenues up 6.2 % to EUR 1,656.4 million.
- Net result for the period increased to EUR 29.0 million (previous year:
EUR 15.7 million).
- Order backlog at the high level of EUR 995.6 million (previous year: EUR
762.7 million).
- Dividend proposal for 2015: EUR 0.15 per share
- Forecast for 2016: Total Group revenues of around EUR 1.65 billion,
earnings after tax of around EUR 20 to 25 million and EBIT around EUR 75
million.


Schrobenhausen/Munich - The BAUER Group exceeded its forecast for financial
year 2015. Numerous positive and negative individual factors played their
part in this. Thanks to shareholding transactions in the Equipment segment,
positive exceptional earnings were generated. These were contrasted by
restructuring expenditures as well as losses in discontinued business
activities and from completed projects, which were disrupted during the
construction process.

Total Group revenues increased by 6.2 % from EUR 1,560.2 million to EUR
1,656.4 million year-on-year. These accumulated factors increased EBIT to
EUR 90.7 million (previous year: EUR 76.4 million) and the net result for
the period to EUR 29.0 million (previous year: EUR 15.7 million). "The
numerous individual factors, which had a particular effect on key results,
naturally make it difficult to draw a meaningful comparison with previous
years. The Group's pure operative business without special effects was
nevertheless positive," comments Prof. Thomas Bauer, Chairman of the
Management Board of BAUER AG.

As in the previous year, the Management Board and Supervisory Board will
propose to the Annual General Meeting that a dividend amounting to EUR 0.15
per share should be paid for 2015. It will not be possible to increase the
dividend as the equity base is to be protected and the equity ratio shall
be increased from 27.2 % back to above 30 % in the medium term.


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

In 2015, the Construction segment generated a good part of its increased
total Group revenues in the Middle East. The subsidiaries in Saudi Arabia,
Qatar and Egypt recorded significant growth. They are participating in