DGAP-News: BAUER Aktiengesellschaft / Key word(s): Quarter Results/Interim Report BAUER Aktiengesellschaft: BAUER AG reports third-quarter net loss due to one-off effects 14.11.2013 / 07:00 --------------------------------------------------------------------- - Total Group revenues of EUR 1,109.5 million 4.4 percent up on previous year - Orders in hand up 6.7 percent to EUR 836.7 million - After-tax loss of EUR 21.4 million significantly lower than previous year profit of EUR 6.6 million - Adjusted full-year forecast due to one-off effects: Total Group revenues unchanged at around EUR 1.5 billion, EBIT around EUR 25 million, and net loss of approximately EUR 20 million Schrobenhausen - BAUER Aktiengesellschaft today published its third-quarter interim report. As already indicated by an ad-hoc release on October 28th, the global construction engineering and machinery manufacturing concern has had to adjust its 2013 forecast, and now predicts a net loss for the year. The reasons lie in a number of one-off effects, primarily relating to a well construction project in Jordan. Expected earnings from the Group's Equipment and Construction segments have additionally been reassessed, and the adjusted forecast now incorporates restructuring expenditure as part of a cost-cutting programme. In the first nine months of this financial year, the total revenues of the BAUER Group increased by 4.4 percent against the previous year comparative period (EUR 1,063.2 million) to EUR 1,109.5 million. EBIT fell from EUR 45.7 million to EUR 13.4 million. The net loss for the period of EUR 21.4 million represents a EUR 28.0 million decline against the previous year's net profit of EUR 6.6 million. Orders in hand continued to develop healthily, rising by 7.9 percent against the previous year to EUR 836.7 million. Business segments The total Group revenues of the Construction segment amounting to EUR 529.7 million were 9.4 percent up on the previous year. Segment EBIT increased by EUR 2.2 million to EUR 18.5 million. Large-scale projects in Russia, Saudi Arabia, Hong Kong and the USA contributed substantially to that growth, although delays on projects in the first half of the year impacted on contribution margins. Orders in hand increased by a pleasing 5.1 percent to EUR 497.7 million. The Equipment segment improved its total Group revenues by 6.6 percent to EUR 473.6 million. EBIT decreased from EUR 20.4 million to EUR 13.3 million. The segment is suffering from weaker margins in its business: On the one hand significantly fewer large machines were sold, while on the other the business was faced with increasing competitive pressures. Orders in hand totalling EUR 162.1 million rose slightly relative to the previous year comparative of EUR 140.9 million. The machinery manufacturing business remains characterized by overcapacity and short-term purchasing behaviour. The total Group revenues of the Resources segment fell by a substantial 23.2 percent to EUR 146.9 million. Segment EBIT of EUR -19.5 million was well down against the previous year comparative (EUR +8.7 million). The reasons for this decline relate to a major well construction project in Jordan. Complex project conditions substantially increased the costs of the construction companies involved. Due to the financial difficulties being experienced by Jordan, among other factors, no settlement has yet been obtained. Consequently, the project earnings forecast has had to be adjusted downwards by approximately EUR 20 million. Segment earnings were additionally impacted by higher fixed costs. The contracts for two large-scale projects expected at the start of the year have not yet been acquired. Moreover, reduced demand meant that Group companies involved in the manufacture of well engineering materials were not profitable. Orders in hand total EUR 176.9 million (previous year: EUR 160.7 million). Outlook The Group is responding to its reported loss by instigating an extensive programme of cost-cutting, based on close examination of costs across all business units. The programme also entails discontinuing a number of minor, economically challenging operations. The package of measures is planned to save some EUR 20 million in total. Chairman of the Management Board of BAUER AG Professor Thomas Bauer comments: 'The first nine months of 2013 were very unsatisfactory for our Group overall. A number of special effects forced us, for the first time in many years, to report a loss. This will not impact on our earning power over the years ahead however. We are planning for a small amount of growth in 2014, and expect to return to a profit in all segments, enabling overall performance to resume the trend seen in 2012.' BAUER AG now expects to make a net loss of approximately EUR 20 million, with EBIT of around EUR 25 million, in the 2013 financial year. The forecast for total Group revenues remain unchanged at around EUR 1.5 billion. The full third-quarter interim report, including a detailed analysis of the individual segments and markets, can be found online 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). GROUP KEY FIGURES January - September 2013 (IFRS)

                                       Jan-Sep 2012* Jan-Sep 2013    Change
                                             in EUR        in EUR
                                            million       million
Total Group revenues                        1,063.2       1,109.5    +4.4 %
of which
- Germany                                     280.9         340.0   +21.0 %
- International                               782.3         769.5    -1.6 %
of which
- Construction                                484.0         529.7    +9.4 %
- Equipment                                   444.2         473.6    +6.6 %
- Resources                                   191.3         146.9   -23.2 %
- Other/Consolidation                         -56.3         -40.7       n/a
Consolidated revenues                       1,027.8       1,057.5    +2.9 %
Sales revenues                                933.9         969.3    +3.8 %
Orders received                             1,088.3       1,161.2    +6.7 %
Orders in hand                                775.1         836.7    +7.9 %
EBITDA                                        113.4          81.4   -28.2 %
EBITDA margin (as % of sales revenues)       12.1 %         8.4 %       n/a
EBIT (earnings before interest and             45.7          13.4   -70.7 %
taxes)
EBIT margin (as % of sales revenues)          4.9 %         1.4 %       n/a
Net profit or loss                              6.6         -21.4       n/a
Shareholders' equity                          450.2         421.1    -6.5 %
Equity ratio                                 27.3 %        25.5 %       n/a
Earnings per share in EUR                      0.36         -0.86       n/a
Employees (on average over the year)         10.151        10.256    +1.0 %

* 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 --------------------------------------------------------------------- 14.11.2013 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 --------------------------------------------------------------------- 239773 14.11.2013