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04.08.2009 – 08:46

BAUER Aktiengesellschaft

EANS-Adhoc: BAUER Aktiengesellschaft
Bauer suffers setback in Equipment segment and updates forecast

  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.

6-month report


Schrobenhausen, August 4, 2009 - With total Group revenues of EUR 681.0 million (previous year: EUR 719.5 million, change: -5.4 percent), BAUER Aktiengesellschaft (ISIN DE0005168108) experienced a significant downturn of 43.3 percent in after-tax profit in the first half of the year, to EUR 21.1 million (previous year: EUR 37.2 million).

This setback was prompted by the drastic fall in sales of and demand for standard construction machinery in the Equipment segment, in the wake of the global economic crisis. In that area of business, orders in hand at the half-way point slumped by 72.5 percent to EUR 81.1 million (previous year: EUR 294.9 million), representing approximately one and a half months´ capacity utilization. Although the performance of the segment remained stable at EUR 372.3 million (previous year: EUR 365.7 million; change: +1.8 percent), external revenues were already down 7.7 percent. The segment´s operating profit (EBIT) of EUR 33.1 million (previous year: EUR 51.1 million) showed a decline of 35.2 percent compared with the prior-year figure.

The Group has already taken measures to hold this trend in check by reducing short-term staff and introducing short-time at virtually all its plants. The two other strategic segments of the BAUER Group, Construction and Resources, are having a stabilizing effect but are unable to compensate for the downturn in Equipment. BAUER Aktiengesellschaft has consequently decided to revise its forecast for 2009 as a whole. It now expects to generate consolidated revenues of about EUR 1.3 instead of 1.4 billion (previous year: EUR 1.5 billion). According to the latest calculations, profit after tax will fall to around one-third of the prior-year figure (EUR 107.5 million). The company had previously been working on the basis that it would be able to emulate the result for 2007 (approx. EUR 74 million).

The company will be publishing its half-year interim report as planned on August 14, 2009.

end of announcement                               euro adhoc

Further inquiry note:

Bettina Mestenhauser
Head of Investor Relations
Phone: +49 8252 97 1918
Fax: +49 8252 97 2900

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original content of: BAUER Aktiengesellschaft, transmitted by news aktuell