EANS-News: BAUER Aktiengesellschaft / Bauer surpasses targets and delivers record 2008 performance

. Total Group revenues up 26.4 percent to EUR 1.53 billion

. Profit after tax up 44.5 percent to EUR 107.5 million

. Forecast for 2009 confident:

total Group revenues of EUR 1.4 billion and

profit after tax at 2007 level

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Schrobenhausen/Munich, April 21, 2009 - (euro adhoc) - Construction
and equipment manufacturing group BAUER Aktiengesellschaft enjoyed a
record year in 2008. Despite the global economic collapse in the
second half of the year, business was sustained at a consistently
high level through to the end of the year, enabling the growth
targets set in August to be surpassed. The Group's global presence
and its combination of future-proof business fields were proving to
be the key stabilizing factors, enabling it to look to the future
with confidence.

Increase in revenues and profit at high level In the year under
review Bauer increased its total Group revenues by 26.4 percent to
EUR 1.53 billion. Profitability was improved at an even higher rate
thanks to the low tax ratio. Bauer's profit after tax was up 44.5
percent at EUR 107.5 million, surpassing the mid-year forecast. EBIT
(earnings before interest and taxes) increased by 27.1 percent to EUR
167.5 million. On the basis of this performance, the Management Board
and Supervisory Board will propose to the Annual General Meeting that
the dividend be held constant at EUR 1.00 per share. This will entail
a total payout of EUR 17.1 million.

The Bauer workforce through 2008 averaged 8,674 people - almost a
quarter up on the previous year's figure.

All three segments - Construction, Equipment and Resources - achieved
growth in their business and contributed to the overall growth of the
Group.

Construction segment: momentum from large-scale infrastructure
projects outside Germany The best growth in relative terms was
achieved by the Construction segment, which generated Group revenues
up 31.8 percent against the previous year at EUR 700.9 million. The
segment's operating profit rose 86.4 percent to EUR 46.3 million.

Key factors driving this growth were wide-ranging large-scale
infrastructure and inner city construction projects as well as large
power stations and underground railway systems. While international
business sustained its positive trend of recent years, business in
Germany achieved a slight improvement in revenues and a return to
operating profit following many years of crisis in the construction
industry.

Equipment segment: capacities expanded and innovative machinery
developed The Equipment segment increased Group revenues by 21.3
percent over the previous year to EUR 780.1 million. The segment's
operating profit rose by 11.7 percent to EUR 118.3 million.

Bauer has responded to the high demand generated by the construction
boom of recent years by expanding its production capacities. The most
extensive programme of capital investment in the company's history
had been brought to completion in many areas by the end of 2008. All
the Group's plants have been brought up to the state of the art, and
are in a position to compensate for the investments made in them by
improved productivity.

Bauer is currently once again demonstrating its innovative strength
at its annual in-house exhibition. Among the new products being
featured at the company's home base in Schrobenhausen is a large base
carrier unit for specialist foundation engineering operations. The
newly developed deep-level drilling rig is being presented to
customers for the first time in shell form.

Resources segment: targeting the environmental and commodities
markets of the future The Resources segment divides its services into
three divisions: Materials (materials for use in drilling operations
for water drawing and geothermal energy recovery), Environment (soil
and ground-water treatment, as well as treatment of other kinds of
water) and Mining (services relating to the mining of raw materials
and extraction of geothermal energy). The segment is still in the
process of development, and completed its first full year of business
in 2008.

The segment increased Group revenues by 20.6 percent to EUR 135.1
million. Its operating profit was EUR 4.0 million, against EUR 0.3
million in the previous year.

In the year under review the segment was awarded a major contract in
Oman, with a value of some EUR 80 million, which demonstrates its
outstanding future potential: in conjunction with a local firm, Bauer
will over the next two years be constructing a treatment plant for
process water from the oil industry and will subsequently operate the
plant over a period of 20 years.

Orders in hand and outlook The Group's orders in hand had increased
by the end of 2008 to EUR 671.6 million, 8.7 percent up on the
previous year's comparative level. By mid-2008 orders in hand had in
fact reached more than EUR 800 million, but they fell back by some
EUR 130 million over the second half of the year. "This trend was due
only in part to the emerging economic crisis," reports Chairman of
the Management Board Professor Thomas Bauer. "On closer analysis of
the decline in orders in hand, it can be seen that, as well as the
consequences of the crisis, it is also linked to entirely normal
fluctuations in business operations: in the specialist foundation
engineering sector relating to the degree of completion of
large-scale projects, and in the equipment manufacturing business
resulting from a change in ordering behaviour based on shorter
delivery lead times."

The early months of 2009 have instilled Professor Bauer with
confidence: "Although Bauer is not able to isolate itself entirely
from the generally negative global economic trend, our global
presence and our three future-proof business fields place us in a
good position to make use of opportunities as they arise and to
overcome the challenges we face. We will in particular profit from
economic stimulus packages specifically targeting infrastructure
construction projects."

On current estimates, the Group expects total Group revenues to drop
to around EUR 1.4 billion in 2009. Profit after tax is forecast to
attain the 2007 level (then EUR 74 million).

Our full Annual Report, including a detailed analysis of worldwide
markets, can be found on our website at http://www.bauer.de.

About Bauer Bauer is a provider of services, machinery and ancillary
products in the earth- working and ground-water fields. 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 all over the
world, developing foundation and excavation projects as well as
providing related construction services. In its Equipment segment, in
which it is the world market leader, Bauer offers an extensive range
of machinery, equipment and tools for specialist foundation
engineering. The Resources segment encompasses the Group's operations
in the exploitation of raw materials, in environmental technology, in
geothermal drilling operations and also in equipment for wells
(including pumps and drills, screens and casings).

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 more than two thirds of its
total revenues outside of Germany. Employing some 8,600 people, the
Group's total revenues in 2008 were EUR 1.53 billion (previous year:
EUR 1.2 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 2008 (IFRS)

| |2007 |2008 |Change |
| |in EUR million |in EUR | |
| | |million | |
|Total Group revenues* |1,208.1 |1,527.2 |+26.4 % |
|of which | | | |
|- Germany |331.6 |379.5 |+14.4 % |
|- International |876.5 |1,147.7 |+30.9 % |
|of which | | | |
|- Construction |531.8 |700.9 |+31.8 % |
|- Equipment |643.1 |780.1 |+21.3 % |
|- Resources |112.0 |135.1 |+20.6 % |
|- Consolidation / Other |- 78.8 |-88,9 | n/a |
|Sales revenues |1,033.0 |1,290.8 |+25.0 % |
|Orders in hand |618.0 |671.6 |+8.7 % |
|EBITDA |185.4 |228.4 |+23.2 % |
|EBITDA margin in % (of sales |17.9 % |17.7 % | n/a |
|revenues) | | | |
|EBIT |131.8 |167.5 |+27.1 % |
|EBIT margin in % (of sales |12.8 % |13.0 % | n/a |
|revenues) | | | |
|Net profit or loss** |74.4 |107.5 |+44.5 % |
|Shareholders' equity |279.1 |372.6 |+33.5 % |
|Equity ratio in % |34.1 % |35.8 % | n/a |
|Earnings per share in EUR*** |EUR 4.23 |EUR 6.09 |+44.0 % |
|Dividend per share in EUR**** |EUR 1.00 |EUR 1.00 | n/a |
|Employees |6,983 |8,674 |+24.2 % |

* At variance with the consolidated revenues presented in the
Group income statement, the total Group revenues presented here
include portions of revenues from associated companies as well as
revenues of non-consolidated subsidiaries and joint ventures.

** Before minority interests.

*** Diluted and basic.

**** 2008 proposed.

end of announcement euro adhoc
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ots Originaltext: BAUER Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bettina Mestenhauser

Head of Investor Relations

Telefon: +49(0)8252 97 1918

E-Mail: investor.relations@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: SDAX, CDAX, Classic All Share, Prime All Share
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