DGAP-News: BAUER Aktiengesellschaft: BAUER AG starts off the financial year with a slight drop in sales and increased order backlog
DGAP-News: BAUER Aktiengesellschaft
/ Key word(s): Quarterly / Interim Statement/Quarter Results
- The total Group revenues fell by 5.0% from EUR 410.9 million to EUR 390.2 million; sales revenues also dropped by 2.3%, from EUR 341.9 million to EUR 334.0 million
- EBIT, at EUR 6.3 million, was below the previous year at EUR 10.5 million; at EUR -5.0 million, earnings after tax remained close to the previous year's level (previous year: EUR -5.1 million) - Order backlog grew by 6.9% to EUR 1,092.7 million (previous year: EUR 1,022.6 million)
The order backlog in the Group was EUR 1,092.7 million, significantly higher than the previous year at EUR 1,022.6 million and the end of 2019 at EUR 1,027.6 million, which was mainly due to the Construction segment. The order intake increased by 8.4%, from EUR 419.8 million to EUR 455.2 million. Business segments At EUR 177.1 million, total Group revenues in the Construction segment were up by 4.1% compared to the previous year at EUR 170.2 million. EBIT decreased slightly compared to the previous year to EUR -0.5 million. The order backlog in the Construction segment saw a significant increase of 18.9%, from EUR 545.8 million to EUR 649.1 million. Compared with EUR 638.6 million at the end of 2019, however, there was virtually no change. The order intake rose by 11.2% to EUR 187.6 million, compared to EUR 168.7 million in the previous year. In the first three months of the year, total Group revenues in the Equipment segment fell by 11.9%, from EUR 185.8 million to EUR 163.8 million, when compared to the same period of the previous year. Sales revenues also dropped by 12.3%, from EUR 125.3 million to EUR 110.0 million. EBIT decreased compared to the previous year, from EUR 8.2 million to EUR 4.8 million. The previous year included a non-operating charge of EUR 4.5 million that was attributable to the earnings-affecting restructuring of a subsidiary, which was transferred from the Resources segment to the Equipment segment. Without this effect, the decrease would have been even more significant. Order backlog in the Equipment segment decreased by 12.8%, from EUR 149.9 million in the previous year to EUR 130.7 million. With EUR 186.2 million, order intake remained at the previous year's level of EUR 185.8 million. With EUR 70.7 million, total Group revenues in the Resources segment were slightly higher at the end of the first quarter than the previous year's EUR 69.1 million, marking an increase of 2.2%. EBIT fell from EUR 2.7 million to EUR 1.5 million. However, the previous year already included the described positive non-operating contribution of EUR 4.5 million. Without this effect, EBIT would have improved by EUR 3.3 million compared to the previous year. In the first three months of the year, the order backlog decreased by 4.3% from EUR 326.9 million to EUR 312.8 million. The order intake rose significantly by 29.2%, from EUR 79.6 million to EUR 102.8 million. Financing Outlook Due to the uncertainties in global equipment sales and the partially disrupted construction operations, the Group reacted with short-time work for some companies in Germany and also initiated corresponding measures in other countries. Short-time work primarily applies to the Schrobenhausen machine production location, but also many areas of construction operations and administration functions. Although the general situation involves considerable uncertainty, on the basis of the weak business figures for 2019 the Group currently still expects to achieve a slight increase in total Group revenues, a significant increase in EBIT and a significant increase in earnings after tax in the positive area for the 2020 financial year.
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 2019, it employed some 12,000 people in around 70 countries and achieved total Group revenues of EUR 1.6 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.
Contact: Christopher Wolf Investor Relations BAUER Aktiengesellschaft BAUER-Strasse 1 86529 Schrobenhausen, Germany Phone: +49 8252 97-1797 Fax: +49 8252 97-2900 [email protected] www.bauer.de
13.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | BAUER Aktiengesellschaft |
BAUER-Straße 1 | |
86529 Schrobenhausen | |
Germany | |
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: | 1042513 |
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1042513 13.05.2020