EANS-News

BAUER Aktiengesellschaft / BAUER AG performing fully to plan after first quarter - Seite 2

showing restraint in their investments. The machinery business booked
slightly fewer orders in the first quarter, and its total Group
revenues of EUR 140.7 million were 12.0 percent down against the
previous year comparative quarter. Segment EBIT fell by EUR 4.4
million to EUR 4.9 million.

The Resources segment increased its total Group revenues by 48.6
percent to EUR 58.1 million (previous year: EUR 39.1 million).
Segment EBIT was depressed by problems on a well-drilling project in
Jordan, and at EUR -0.6 million was slightly down against last year.

Orders in hand and outlook

Orders in hand increased in the reporting period by 12.0 percent to
EUR 751.6 million (previous year: EUR 671.3 million). This growth was
driven mainly by the Construction segment, which increased its orders
in hand by 25.2 percent to EUR 463.0 million thanks to ongoing
large-scale projects. Orders in hand in the Equipment segment
totalling EUR 133.6 million were virtually unchanged against the
previous year comparative quarter (EUR 133.8 million). Chairman of
the Management Board Professor Thomas Bauer comments: "The growth in
the Equipment segment is being driven primarily by new products. We
see particularly high potential in our large-diameter rotary drilling
rigs, in our new deep drilling rigs for extracting oil, gas and
water, and in our new developments for offshore foundations. The
great interest in our specialist machinery was demonstrated by the
in-house exhibition we held in early May at our home base in
Schrobenhausen, which attracted 2,200 visitors." The Resources
segment has outstandingly high levels of orders in hand: as at the
end of the first quarter they totalled EUR 155.0 million, compared to
EUR 167.8 million at the same date last year. All in all, the Group
recorded a healthy order intake totalling EUR 341.6 million (previous
year: EUR 363.9 million).

BAUER AG has reaffirmed its full-year forecast for 2012, and
according to the performance data currently available expects to
achieve total Group revenues of EUR 1,450 million, profit after tax
of around EUR 35 million, and EBIT of around EUR 85 million.

Our full Interim Report, including a detailed analysis of the
individual segments and markets, can be found on our website at
http://www.bauer.de.

About Bauer

Bauer is a provider of services, machinery and ancillary products for
ground and groundwater. The Group markets its products and services
all over the world. Its global spread allows it to remain largely
unaffected by fluctuating business cycles.

Its business is divided into three segments: Construction, Equipment
and Resources. The Construction segment carries out specialist
foundation engineering work for complex excavation pits and