14.05.2019 BAUER Aktiengesellschaft  DE0005168108

DGAP-News: BAUER AG with good start to the financial year


DGAP-News: BAUER Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results
BAUER AG with good start to the financial year

14.05.2019 / 07:00
The issuer is solely responsible for the content of this announcement.

- Total Group revenues increase by 10.8% to EUR 410.9 million, sales revenues increase by 7.4% to EUR 341.9 million.
- EBIT with EUR 10.5 million is slightly lower than the previous year (EUR 11.1 million); earnings after tax are EUR -5.1 million (previous year: EUR -5.8 million)
- Order backlog with EUR 1,022.6 million at high level (previous year: EUR 1,036.0 million)
- Full-year forecast confirmed

Schrobenhausen - The BAUER Group had a good start to the 2019 financial year. After the first quarter, the international construction and machinery manufacturing concern is on target and had a significant increase in total Group revenues. Growth was recorded in particular in the Construction and Resources segments. "The order situation is good and there are many opportunities on the markets that we can use," said Michael Stomberg, Chairman of the Management Board, and confirmed the forecast that the company published for the entire year at the annual press conference a few weeks ago.

The total Group revenues recorded a plus of 10.8% to EUR 410.9 million. Sales revenues rose by 7.4% to EUR 341.9 million. EBIT fell slightly from EUR 11.1 million to EUR 10.5 million. Earnings after tax were EUR -5.1 million (previous year: EUR
-5.8 million). At EUR 1,022.6 million, the order backlog of EUR 1,036.0 million is only slightly below the previous year and somewhat higher than at the end of 2018, when it amounted to EUR 1,013.6 million. Order intake decreased slightly by 2.1%, from EUR 429.0 million to EUR 419.8 million.

Business segments

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

In the Construction segment, the total Group revenues of EUR 170.2 million are with 12.8% significantly higher than the previous year at EUR 150.9 million, which is due to the general volatility of the portfolio in ongoing projects. After the first three months, EBIT nearly entered the positive range, after an unusually good value of EUR 2.7 million was reached due to projects in the previous year. Order backlog increased significantly by 6.8%, from EUR 511.3 million to EUR 545.8 million. Order intake of EUR 168.7 million was approximately the same as the previous year's level of EUR 169.5 million.

In the first three months, total Group revenues in the Equipment segment increased by 2.7% year-on-year, to EUR 185.8 million. Sales revenues decreased slightly by 2.5% to EUR 125.3 million. EBIT fell from EUR 14.2 million to EUR 8.2 million. Included in this is a non-operating charge in the amount of EUR 4.5 million, which is attributable to an earnings-affecting restructuring of a subsidiary, which was transferred from the Resources segment to the Equipment segment. Order intake decreased by 18.0% from EUR 226.6 million to EUR 185.8 million, meaning that order backlog was EUR 149.9 million (previous year: EUR 195.1 million) at the end of the quarter. Conversations with customers at the Bauma trade fair in Munich in April and the current sales figures mean that it can be expected that the order situation will continue to develop well in the coming months.

Total Group revenues in the Resources segment significantly increased by 33.8% from EUR 51.7 million in the previous year to EUR 69.1 million. EBIT increased from EUR -5.7 million to EUR 2.7 million. This includes the positive non-operative contribution to earnings of EUR 4.5 million, which resulted from the reassignment of a subsidiary to the Equipment segment. Regardless of this effect, the segment also developed better in operational terms. Order backlog was EUR 326.9 million, remaining approximately at the previous year's level of EUR 329.6 million. Order intake increased by 74.8%, from EUR 45.5 million to EUR 79.6 million.


The company confirms its full-year forecast provided at the annual press conference in mid-April. This forecasts total Group revenues of about EUR 1.7 billion and EBIT of around EUR 95 million. Earnings after tax are expected to be significantly higher than in the previous year.

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 a high potential for synergy: Construction, Equipment and Resources. The Construction segment offers new and innovative specialist foundation engineering services alongside the established ones, and carries out foundation and excavation work, cut-off walls and ground improvements worldwide. Bauer is a world 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 segment, Bauer focuses on highly innovative products and services in the areas of water, environment and natural resources.

Bauer profits greatly from the collaboration between its three separate business divisions, enabling the Group to position itself as an innovative and highly specialized provider of products and services for demanding projects in specialist foundation engineering and related markets. Bauer therefore offers appropriate solutions for the world's major challenges, such as urbanization, growing infrastructure needs, the environment, and water, oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2018 it employed some 12,000 people in around 70 countries and achieved total Group revenues of EUR 1.7 billion. BAUER Aktiengesellschaft is listed in the Prime Standard segment of the German stock market.

More information can be found at http://www.bauer.de.

GROUP KEY FIGURES January - March 2019 (IFRS)

  2018 2019 Change
  in EUR million in EUR million  
Total Group revenues 370.8 410.9 +10.8%
of which      
- Construction 150.9 170.2 +12.8%
- Equipment 180.9 185.8 +2.7%
- Resources 51.7 69.1 +33.8%
- Other/Consolidation -12.7 -14.2 n/a
Sales revenues 318.4 341.9 +7.4%
Order intake 429.0 419.8 -2.1%
Order backlog 1,036.0 1,022.6 -1.3%
EBITDA 33.2 32.7 -1.4%
EBIT 11.1 10.5 -5.0%
Earnings after tax -5.8 -5.1 n/a
Total assets 1,655.8 1,700.1 +2.7%
Equity 405.0 426.8 +5.4%
Employees (average number during the year) 10,877 11,797 +8.5%

Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
[email protected]

14.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Phone: +49 (0)8252 97 1218
Fax: +49 (0)8252 97 2900
E-mail: [email protected]
Internet: www.bauer.de
ISIN: DE0005168108
WKN: 516810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 810571

End of News DGAP News Service

810571  14.05.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1.378,99 1.396,88 1.667,86 1.589,09 1.470,92 1.343,24 1.600,00
EBITDA1,2 185,10 158,39 182,55 198,62 123,05 165,25 177,00
EBITDA-Marge3 13,42 11,34 10,95 12,50 8,37 12,30 11,06
EBIT1,4 90,72 68,35 89,57 100,06 22,48 55,54 81,50
EBIT-Marge5 6,58 4,89 5,37 6,30 1,53 4,13 5,09
Jahresüberschuss1 28,99 14,41 3,67 24,09 -36,55 -8,22 27,50
Netto-Marge6 2,10 1,03 0,22 1,52 -2,48 -0,61 1,72
Cashflow1,7 32,43 124,88 183,33 147,44 168,88 168,15 0,00
Ergebnis je Aktie8 1,73 0,66 0,16 1,32 -2,17 -0,48 1,40
Dividende8 0,15 0,10 0,10 0,10 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
516810 10,960 Halten 285,97
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,12 12,28 0,65 27,74
0,67 1,70 0,21 4,93
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 24.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 12.08.2021 11.11.2021 13.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,86% -9,32% 4,18% 19,26%
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