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BAUER Aktiengesellschaft: BAUER AG recorded a good start of the business year - Seite 2

equipment will however only be delivered in the coming weeks, meaning that
the sales and earnings figures are behind in comparison. Total Group
revenues increased by 6.1 percent against the previous year to EUR 173.8
million, while sales revenues were down 2.4 percent at EUR 100.5 million.
EBIT decreased significantly from EUR 5.6 million to EUR 0.9 million. Net
loss for the period worsened from EUR -0.9 million to EUR -5.9 million.
Orders in hand increased significantly from EUR 111.8 million to EUR 161.6
million. This growth has come mainly from business with deep drilling rigs.
At the four-day in-house exhibition at headquarters in Schrobenhausen at
the end of April, which was visited by 1,700 customers from more than 70
countries, particular interest was shown in new developments and deep
drilling rigs for oil and gas.

The materials and environment areas are progressing well in the Resources
segment. It was mainly thanks to them that total Group revenues rose by
12.1 percent to EUR 54.3 million. EBIT was recorded at EUR -2.9 million
(previous year: EUR -2.1 million), and net loss for the period amounted to
EUR -4.7 million (previous year: EUR -3.6 million). Orders in hand for the
segment are solid, valued at EUR 173.3 million. The segment needs to keep
working on reorganization, but it has very good chances for getting new
projects.

Outlook

"We had a good start in the business year and remain on track," says Prof.
Thomas Bauer, Chairman of the Management Board of BAUER Aktiengesellschaft.
The company confirms its full-year forecast from April 2015, predicting
total Group revenues of around EUR 1.6 billion, profit after tax of around
EUR 18 to 23 million, and EBIT of around EUR 75 million.


Our full Interim Report, including a detailed analysis of the individual
segments and markets, can be found on our website 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 presence 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 is involved in special
foundation engineering works for complex excavation pits and foundations
for large infrastructure projects and buildings, cut-off walls and ground