18.03.2020 BAUER Aktiengesellschaft  DE0005168108

DGAP-Adhoc: BAUER Aktiengesellschaft: Individual value adjustment from a legal dispute affects consolidated financial statement 2019 of BAUER AG


 

DGAP-Ad-hoc: BAUER Aktiengesellschaft / Key word(s): Annual Results/Change in Forecast
BAUER Aktiengesellschaft: Individual value adjustment from a legal dispute affects consolidated financial statement 2019 of BAUER AG

18-March-2020 / 20:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Schrobenhausen - The consolidated financial statement of BAUER Aktiengesellschaft (ISIN DE0005168108) for 2019 will be negatively affected by an individual value adjustment to be made due to a legal dispute. As a result, the Group will not achieve its forecast for 2019 given to date.

The ruling received today from the Hong Kong High Court, with an unexpected negative outcome, ends an appeal in state courts in relation to an arbitration ruling made in 2018.

An affiliated company of the BAUER Group carried out major construction works for an underground train station in 2011 and 2012 and had claimed additional expenses from the client due to difficult soil conditions. For the Group, the new ruling now means a reassessment of the original arbitration ruling and a considerable burden on earnings.

The Management Board therefore expects that value adjustments of around EUR 40 million will have to be made in the balance sheet. The burden on liquidity is expected to be around EUR 10 million.

Due to this effect, the BAUER Group expects, that the key earnings figures EBIT and earnings after taxes for the financial year 2019 will fall by around EUR 40 million compared with the last forecast. Previously, an EBIT of EUR 70 million and only slightly positive earnings after taxes were expected.

As a result, the BAUER Group will not be able to meet the covenants agreed with its financial partners as at 2019, December 31. As the Group has been able to significantly reduce its net debt in recent years and significantly improve its overall financing situation, the Management Board believes that a good solution will be found together with the financial partners.

The Management Board of BAUER AG has therefore decided that no dividend will be paid to shareholders for the 2019 financial year.


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

18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1001255

 
End of Announcement DGAP News Service

1001255  18-March-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 1.404,17 1.375,68 1.378,99 1.396,88 1.667,86 1.589,09 1.470,92 1.500,00
EBITDA1,2 124,00 171,00 185,10 158,39 182,55 198,62 123,05 140,00
EBITDA-Marge3 8,83 12,43 13,42 11,34 10,95 12,50 8,37 9,33
EBIT1,4 32,08 76,43 90,72 68,35 89,57 100,06 22,48 60,00
EBIT-Marge5 2,28 5,56 6,58 4,89 5,37 6,30 1,53 4,00
Jahresüberschuss1 -19,43 15,73 28,99 14,41 3,67 24,09 -36,55 5,00
Netto-Marge6 -1,38 1,14 2,10 1,03 0,22 1,52 -2,48 0,33
Cashflow1,7 45,44 115,40 32,43 124,88 183,33 147,44 168,88 0,00
Ergebnis je Aktie8 -0,99 0,85 1,73 0,66 0,16 1,32 -2,17 0,25
Dividende8 0,00 0,15 0,15 0,10 0,10 0,10 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - 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 9,470 Halten 162,23
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,57 16,46 0,887 18,42
KBV KCV KUV EV/EBITDA
0,42 0,96 0,11 6,632
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 25.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2020 13.08.2020 13.11.2020 09.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,47% -14,75% -37,28% -34,69%
    
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