DGAP-News: BAUER Aktiengesellschaft: BAUER Group applies for short-time work for a number of companies in Germany

- Company reacts to the effects of coronavirus, which is having a strong effect on the economic situation
- Current demand and order situation varies widely across individual companies and countries
- Decision is a reaction to the slowdown caused by disrupted construction operations, also faced by machine customers

Schrobenhausen - Due to the effects of a deterioration in the economic situation as a result of the global coronavirus pandemic, the BAUER Group has applied for short-time work for a number of companies in Germany from April 1, 2020. This primarily applies to the Schrobenhausen machine production location, but also many areas of construction operations and administration functions. Implementation within the individual companies and locations is regulated by works agreements concluded between the BAUER AG Management Board or the respective management with their works councils.

The current order and workload situation within the BAUER Group is extremely varied. In the Construction segment, there is a high order backlog, and in most countries this can continue to be worked on. In some countries, however, the applicable exit restrictions mean that construction must be suspended. Appropriate decisions are being made on location.

In the Equipment segment, the main production location in Schrobenhausen is experiencing a slowdown while at the same time, for example, business in China is noticeably picking up again as the country tries to return to normal life. Here too the arrangements must be individually adjusted to suit every location and company.

"Overall, the effects of coronavirus and the economic situation can vary greatly and are difficult to accurately predict, even for us" says Michael Stomberg, Chairman of the Management Board of BAUER AG. "But we do need to react, as the situation has disrupted construction operations in many countries and will also affect our machine customers. For us, job security is our top priority."

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.

Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
investor.relations@bauer.de
www.bauer.de