EANS-Adhoc: BAUER Aktiengesellschaft BAUER AG adjusts forecast owing to
numerous disruptions on the markets
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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9-month report
31.10.2011
Schrobenhausen, October 31, 2011 - BAUER Aktiengesellschaft (ISIN DE0005168108)
has had to adjust its forecast for 2011 as a whole owing to numerous disruptions
on the markets, particularly relating to the Construction segment.
In the Construction segment, delays in the start of construction work and
disruptions to several major construction projects led to a drop in revenues
and profit. In addition, the losses in revenues and therefore also in profit in
the crisis regions of the Middle East - especially in Egypt - impacted
negatively on business performance as a whole.
The net profit of around EUR 14.2 million for the period up to September 30,
2011, as compared to the prior-year figure of EUR 21.0 million, therefore did
not reach the planned level. In contrast, orders in hand totalled a very good
EUR 740 million, 26 percent up on last year's figure (EUR 588 million).
Due to the disruptions, BAUER Aktiengesellschaft anticipates that the forecast
made after the first half of the year will no longer be achieved. It had
previously expected to record total Group revenues of between EUR 1.35 and 1.4
billion, a net profit for the period of EUR 40 to 45 million and EBIT of around
EUR 88 to 96 million. The company now estimates that by the end of the year it
will have achieved total Group revenues of around EUR 1.35 billion, EBIT of
around EUR 80 million and a net profit for the period of just over EUR 30
million.
BAUER AG will publish the final figures for the first nine months of the 2011
financial year on November 14, 2011.
Supplementary information:
ISIN: DE0005168108, Bloomberg B5A
Official Market / Prime Standard; Frankfurt Stock Exchange
Further inquiry note:
Bettina Erhart / Christopher Wolf
Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: investor.relations@bauer.de
end of announcement euro adhoc
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issuer: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1918
FAX: +49 (0)8252-97-2900
mail: investor.relations@bauer.de
WWW: http://www.bauer.de
sector: Construction & Property
ISIN: DE0005168108
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English