Standard & Poor's raises rating of BAUER Aktiengesellschaft
Schrobenhausen, June 5, 2007 - (euro adhoc) -
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finances
Today the international rating agency Standard & Poor's raised the existing long-term rating for the construction and equipment manufacturing group BAUER Aktiengesellschaft, which since July 4, 2006 has been listed in official trading (Prime Standard) on the Frankfurt Stock Exchange, to "BB+" outlook stable.
Standard & Poor's states that the key reasons for raising the rating are the company's strong global market position and business performance and its improving financial profile. The rating agency also emphasizes Bauer's strong geographic diversification and the consistent revenue and earnings growth over the past few years.
About Bauer
Bauer is a global provider of specialist foundation engineering and related services as well as a leading international vendor of specialist foundation engineering machinery, equipment and tools and related services.
The Group's operations are managed in two segments: Construction and Equipment. The Construction segment provides specialist foundation engineering services and also operates in the related fields of environmental technology, structure remediation, bridge-building and project development. In its Equipment segment, Bauer offers an extensive range of machinery, equipment and tools for specialist foundation engineering. The Group markets its products and services worldwide, through local sales companies and project management networks. The BAUER Group profits from the collaboration between its two segments. This means Bauer is able to offer innovative and highly specialized complete solutions for specialist foundation engineering projects, providing all the necessary services and specialist equipment.
Founded over 200 years ago, the BAUER Group today generates over two thirds of its total revenues outside of Germany. Employing over 5,500 people, the Group's total revenues were EUR 980 million (previous year: EUR 824 million) in 2006.
end of announcement euro adhoc 05.06.2007 13:43:08
Further inquiry note:
Bettina Mestenhauser
Head of Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de
Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade