14.08.2013 BAUER Aktiengesellschaft  DE0005168108

DGAP-News: BAUER Aktiengesellschaft: BAUER AG reports weak first half, but very healthy orders in hand


 
DGAP-News: BAUER Aktiengesellschaft / Key word(s): Half Year Results/Interim Report BAUER Aktiengesellschaft: BAUER AG reports weak first half, but very healthy orders in hand 14.08.2013 / 07:01 --------------------------------------------------------------------- - Total Group revenues of EUR 724.5 million 3.3 percent up on previous year - Orders in hand up 11.6 percent to an all-time high of EUR 868.6 million - After-tax loss of EUR 7.9 million significantly lower than previous year (EUR 2.8 million) - Adjusted full-year forecast: Total Group revenues of around EUR 1.5 billion, EBIT about EUR 70 million and after-tax profit of around EUR 20 million Schrobenhausen - On August 1st BAUER Aktiengesellschaft was obliged to adjust its full-year forecast based on its weak first-half performance. The development of the Construction segment was impacted primarily by delayed starts to a number of large-scale projects. The earnings of the Equipment segment were hit by low-margin sales, while the Resources segment failed to meet its revenue targets because expected large-scale contracts had not yet materialized. The total Group revenues of the global construction engineering and machinery manufacturing concern for the first half of 2013 were up 3.3 percent at EUR 724.5 million (previous year: EUR 701.5 million). EBIT (earnings before interest and taxes) fell from EUR 19.4 million to EUR 8.4 million. The net loss for the period of EUR 7.9 million likewise represented a significant deterioration against the previous year's EUR 2.8 million loss. By contrast, orders in hand increased substantially by 11.6 percent to a new record level of EUR 868.6 million (previous year: EUR 778,6 million). Business segments The total Group revenues of the Construction segment totalling EUR 347.3 million were 8.4 percent up on the previous year. Segment EBIT decreased from EUR 6.5 million to EUR 3.3 million. Growth was generally less than expected due to the delayed starts to a number of large-scale projects. Those projects are now running very well, and indeed one of them is already almost completed. Orders in hand of EUR 531.3 million are again up by a substantial 9.6 percent on the previous year comparative (EUR 484.6 million). A key factor in this was the award to Bauer of the largest specialist foundation engineering contract in Germany to date. Worth some EUR 47 million, it comprises the foundation engineering works for the tunnels and retaining walls on the new bypass rail link between Hanau and Nantenbach. The Equipment segment improved its total Group revenues by 6.7 percent to EUR 310.8 million. Segment EBIT decreased from EUR 11.7 million to EUR 5.8 million. The decline stemmed from lower-margin sales in the first half of the year which impacted negatively on earnings. Orders in hand of EUR 154.0 million reflect an improvement to a more stable level compared to the early months of the year. Business remains very short-term in nature compared to the boom years however. The total Group revenues of the Resources segment fell by a substantial 23.8 percent to EUR 94.1 million. Segment EBIT of EUR -1.9 million was well down against the previous year comparative (EUR 1.0 million). The segment handled a number of large-scale projects in 2012 which are now lacking in terms of revenue and earnings. Large-scale contracts expected for the early months of the year were not in fact acquired. Moreover, the well engineering materials business was impacted by the bad weather at the start of the year in Germany. Orders in hand at the end of June totalling EUR 183.2 million were at a healthy level, up 15.5 percent on the previous year comparative. Outlook Orders in hand have risen by 11.6 percent to an all-time high of EUR 868.6 million (previous year: EUR 778.6 million), thanks mainly to the very good progress made by the Construction segment, but also based on recovering order intake in the Equipment segment. Chairman of the Management Board of BAUER AG Professor Thomas Bauer comments: 'The first half of the year was generally disappointing for our businesses. We had to deal with a wide range of problems and delays in all three segments. The high levels of orders in hand give us confidence for the future however. The demand for infrastructure works around the world remains enormous. All in all, we are looking to the future in positive mood, despite the fact that we will unfortunately not be able to meet out full-year targets.' The company regards itself as being well positioned thanks to its broad international base in the construction sector and its focus on specialist machinery. New products for drilling underwater and for deep drilling in the oil, gas and geothermal energy sectors, as well as for emergency mine recovery, offer the Group good opportunities. BAUER AG now expects full-year total Group revenues for 2013 of around EUR 1.5 billion and after-tax profit of around EUR 20 million, equating to EBIT of about EUR 70 million. Our full Half-Year 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 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. The operations of the Group are divided into three segments: Construction, Equipment and Resources. The Construction segment carries out specialist foundation engineering work for complex excavation pits and foundations on major infrastructure and building projects all over the world, installing cut-off walls and carrying out ground improvement works as well as providing related project development services. Bauer's Equipment segment, a world market leader, offers a comprehensive range of construction machinery, equipment and tools for the specialist foundation engineering sector as well as for other underground drilling operations, such as for mines, water wells, geothermal energy sources, and oil and gas extraction. The Resources segment pools the Group's activities in the fields of water, energy, mineral resources and environmental technology. Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets. Founded in 1790, Bauer today generates around three quarters of its total revenues outside of Germany. Employing some 10,300 people, the Group's total revenues in 2012 were approximately EUR 1.45 billion (previous year: EUR 1.37 billion). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108). Visit us also on YouTube: http://www.youtube.com/BAUERGruppe GROUP KEY FIGURES - 1st half 2013 (IFRS)

                                           H1 2012*       H1 2013    Change
                                             in EUR        in EUR
                                            million       million
Total Group revenues                          701.5         724.5    +3.3 %
of which
- Germany                                     177.7         215.0   +21.0 %
- International                               523.8         509.5    -2.7 %
of which
- Construction                                320.3         347.3    +8.4 %
- Equipment                                   291.2         310.8    +6.7 %
- Resources                                   123.6          94.1   -23.8 %
- Other/Consolidation                         -33.6         -27.7       n/a
Consolidated revenues                         678.7         682.3    +0.5 %
Sales revenues                                605.4         608.3    +0.5 %
Orders received                               730.1         808.1   +10.7 %
Orders in hand                                778.6         868.6   +11.6 %
EBITDA                                         63.8          51.3   -19.6 %
EBITDA margin (as % of sales revenues)       10.5 %         8.4 %       n/a
EBIT (earnings before interest and             19.4           8.4   -56.6 %
taxes)
EBIT margin (as % of sales revenues)          3.2 %         1.4 %       n/a
Net profit or loss                             -2.8          -7.9       n/a
Shareholders' equity                          445.1         444.7    -0.1 %
Equity ratio                                 27.1 %        26.5 %       n/a
Earnings per share in EUR                     -0.12         -0.45       n/a
Employees (on average over the year)         10,126        10,388    +2.6 %


* Previous year figures adjusted; first-time adoption of IAS 19 R Contact: Christopher Wolf Investor Relations BAUER Aktiengesellschaft BAUER-Strasse 1 86529 Schrobenhausen, Germany Phone: +49 8252 97-1797 Fax: +49 8252 97-2900 [email protected] www.bauer.de End of Corporate News --------------------------------------------------------------------- 14.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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: [email protected] Internet: www.bauer.de ISIN: DE0005168108 WKN: 516810 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 225653 14.08.2013


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 1.667,86 1.589,09 1.470,92 1.343,24 1.433,07 1.630,14 1.625,00
EBITDA1,2 182,55 198,62 123,05 165,25 153,46 60,52 164,00
EBITDA-Marge3 10,95 12,50 8,37 12,30 10,71 3,71
EBIT1,4 89,57 100,06 22,48 55,54 36,03 -68,02 49,00
EBIT-Marge5 5,37 6,30 1,53 4,13 2,51 -4,17 3,02
Jahresüberschuss1 3,67 24,09 -36,55 -8,22 3,99 -94,02 26,00
Netto-Marge6 0,22 1,52 -2,48 -0,61 0,28 -5,77 1,60
Cashflow1,7 183,33 147,44 168,88 168,15 82,92 100,99 0,00
Ergebnis je Aktie8 0,16 1,32 -2,17 -0,48 -0,02 -3,66 0,51
Dividende8 0,10 0,10 0,00 0,00 0,00 0,00 0,10
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Bauer
WKN Kurs in € Einschätzung Börsenwert in Mio. €
516810 3,950 Halten 170,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
6,69 10,89 0,61 -36,57
KBV KCV KUV EV/EBITDA
0,35 1,68 0,10 11,37
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 03.08.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2023 10.08.2023 05.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-8,40% -22,15% -16,67% -33,50%
    
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