DGAP-News

BAUER Aktiengesellschaft: BAUER AG confirms a turnaround in business operations in the first quarter - Seite 2

In the Equipment segment, total Group revenues rose by 16.2 % from EUR 165.0 million to EUR 191.7 million, the sales revenues rose by 17.5 % to EUR 126.7 million. The growth in sales and the delivery of several large-scale machines led to a significant improvement in EBIT from EUR 5.9 million to EUR 9.3 million. The growth in the world's construction markets, the adjustment of capacities in these markets and equipment innovations ensured an improved order situation at Bauer. The order intake developed positively in the past few months and led to a growth in the order backlog from EUR 129.2 million to EUR 168.8 million.

The Resources segment is still stabilizing after many reorganization measures in recent years. It closed the first quarter with total Group revenues of EUR 63.4 million, 11.4 % lower than the previous year. As in Construction, the beginning of the year has little significance here. EBIT improved from EUR -1.6 million to EUR -0.3 million. The segment's order backlog is up by 3.5 % to EUR 297.2 million.

Outlook

The company confirms its full-year forecast from April 2017, predicting total Group revenues of around EUR 1.7 billion, earnings after tax of around EUR 23 to 28 million, and EBIT of around EUR 75 million. "Our companies made a clear turnaround in business operations in the previous year and we now plan to strengthen this recovery", said Professor Thomas Bauer, Chairman of the Management Board of BAUER Aktiengesellschaft, "In a generally volatile market, we see a positive trend from which we should be able to profit. This good start to the year has brought us to a solid starting position."

The full quarterly statement is available online at http://www.bauer.de.


About Bauer

The BAUER Group is a leading provider of services, equipment and products related to ground and groundwater. With over 110 subsidiaries, Bauer operates a worldwide network on all continents.

The operations of the Group are divided into three future-oriented segments with high synergy potential: Construction, Equipment and Resources. The Construction segment offers new and innovative specialist foundation engineering services alongside the established ones, and it carries out foundation and excavation work including cut-off walls and ground improvements on a worldwide basis. Bauer is a global market leader in the Equipment segment and provides a full range of equipment for specialist foundation engineering as well as for the exploration, mining and extraction of natural resources. In the Resources sector, Bauer focuses on highly innovative products and services in the areas of water, environment and natural resources.