03.11.2016
BAUER Aktiengesellschaft DE0005168108
DGAP-Adhoc: BAUER Aktiengesellschaft: BAUER AG corrects the forecast due to the business figures for the third quarter of 2016
BAUER Aktiengesellschaft / Key word(s): 9-month figures/Change in Forecast
03.11.2016 13:58
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Schrobenhausen - BAUER Aktiengesellschaft (ISIN DE0005168108) has to adjust
its forecast for the full year 2016 on the basis of the lower than expected
business figures at the end of the third quarter of 2016. Total Group
revenues as of September 30, 2016, were EUR 1,146.3 million, while earnings
before interest and taxes (EBIT) were EUR 38.0 million and earnings after
tax were EUR -4.0 million.
The weaker business figures are mainly attributable to the Construction
segment. On the one hand, individual subsidiaries have been financially
burdened by order shortages. On the other hand, the revenues and earnings
performance of large projects fell short of expectations. In sum, the key
figures in the segment after the end of the third quarter were now clearly
lower than planned.
BAUER Aktiengesellschaft therefore assumes that it will not be possible to
achieve the forecast given in the 2015 Annual Report. Up to now, total
Group revenues of about EUR 1.65 billion, EBIT of about EUR 75 million and
earnings after tax of around EUR 20 to 25 million had been anticipated. The
company now expects to achieve total Group revenues of slightly less than
EUR 1.65 billion, EBIT of about EUR 65 million and earnings after tax of
around EUR 10 to 15 million by the end of the year.
The final figures for the end of the third quarter of 2016 will be
published by BAUER AG on November 14, 2016.
The method of calculating the total Group revenues can be found in the
appendix of the 2015 Annual Report on page 108: http://www.bauer.de/
bauer_group/investor_relations/reports/annual_report/
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
03.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
End of Announcement DGAP News-Service
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