BAUER AG Management Board anticipates total Group revenues of between EUR 1,550 million and EUR 1,650 million and EBIT of between EUR 75 and EUR 85 million for the Group in the 2021 financial year. This forecast is based on the assumption that the high order backlog in the Construction segment can be processed and additional order opportunities can be exploited due to stimulus programs. In the Equipment segment, the Management Board expects a positive surge in demand worldwide in the second half of 2021. The earnings situation of the Resources segment should benefit from the completed restructuring phase. "For the coming years, as market conditions normalize, we do not expect a continuation of this revenue increase due to the recovery effects from the pandemic," remarks Michael Stomberg. "In the next few years, we are setting a clear focus on increasing our profitability. To this end, we have identified numerous starting points which we would like to exploit. We will also continue to work on the improvement of our cost structures and the expansion of synergies within the Group. Improvement of our working capital and cost base is being supported with a long-term program of measures. In particular, this is true for the production of our equipment and the development of new products as well as for the more flexible adjustment of our capacities to fluctuations on the global markets. Over the remaining course of the year, we will work out the details in this context as well as the medium-term goals we are pursuing." You can view the full annual report including a detailed analysis of the individual segments and submarkets online at http://www.bauer.de. 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. The Resources segment delivers innovative products and services and acts as a service provider with several business divisions and subsidiaries in the areas of drilling services and water wells, environmental services, constructed wetlands, mining and remediation. 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 2020, it employed some 11,000 people in around 70 countries and achieved total Group revenues of EUR 1.5 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. GROUP KEY FIGURES 2020 (IFRS) 2019* 2020 Change in million EUR in million EUR Total Group revenues 1,594.7 1,453.6 -8.8% Of which - Germany 518.7 416.9 -19.6% - International 1,076.0 1,036.7 -3.7% Of which - Construction 628.8 669.0 +6.4% - Equipment 713.7 610.7 -14.4% - Resources 314.8 268.8 -14.6% - Other/Consolidation -62.6 -94.9 n/a Sales revenues 1,470.9 1,343.2 -8.7% Order intake 1,608.7 1,588.5 -1.3% Order backlog 1,027.6 1,162.5 +13.1% EBITDA 134.3 165.2 +23.1% EBIT 33.7 55.5 +64.8% EBIT margin (of sales revenues) 2.3% 4.1% n/a Earnings after tax -36.6 -8.2 n/a Total assets 1,628.5 1,544.0 -5.2% Equity ratio 23.8% 23.7% n/a Earnings per share in EUR -2.17 -0.48 n/a Employees 12,701 11,027 -13.2%
*Previous year's figure adjusted; see 2020 Annual Report p. 70 and p. 102. 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 -----------------------------------------------------------------------------------------------------------------------
2021-04-13 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
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: investor.relations@bauer.de
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: 1183778
End of News DGAP News Service
=------------ 1183778 2021-04-13
(END) Dow Jones Newswires
April 13, 2021 01:01 ET (05:01 GMT)
