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BAUER Aktiengesellschaft: Preliminary business figures for 2021 are in line with the last issued forecast
DGAP-News: BAUER Aktiengesellschaft
/ Key word(s): Preliminary Results/Annual Results
Schrobenhausen, Germany - According to the preliminary business figures available as of today, BAUER AG has achieved the last issued forecast ranges for the 2021 year. The total Group revenues increased, while EBIT decreased. In the financial year gone by, the BAUER Group was still burdened by the ongoing effects of the COVID-19 pandemic on business in the Construction and Equipment segments. This was particularly true for the Asia-Pacific region. In addition, there were significant delays at some individual major projects in Europe. As a result, on November 2, the Group needed to adjust its forecast for the 2021 financial year and since then has expected total Group revenues of between EUR 1,530 million and EUR 1,570 million as well as EBIT of between EUR 35 million and EUR 45 million. Based on the preliminary calculations currently available, which have yet to be audited, the BAUER Group achieved total Group revenues for the 2021 financial year of about EUR 1.54 billion (previous year: EUR 1,453.6 million) and EBIT of about EUR 36 million (previous year: EUR 55.5 million) and is therefore in line with the last issued forecast. At the present time, due to a considerably improved financial result, earnings after tax are in the slightly positive range after a value of EUR -8.2 million in the previous year. The order backlog of the Group continued to perform very well, preliminary at approximately EUR 1.36 billion at the end of 2021 (previous year: EUR 1,162.5 million). The increase is attributable to all three segments. The complete and audited business figures for 2021 as well as the forecast for the 2022 financial year will be published on April 7, 2022. 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 rehabilitation. 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. 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
07.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1295043 |
End of News | DGAP News Service |
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1295043 07.03.2022