EANS-News: BAUER Aktiengesellschaft / BAUER AG forecasts stable performance in 2010

• Total Group revenues for 2009 of EUR 1,278.3 million down 16.3
percent against previous year (EUR 1,527.2 million)
• 2009
after-tax profit of EUR 42.0 million down 60.9 percent against
previous year (EUR 107.5 million)
• Dividend proposal EUR 0.60
per share (previous year: EUR 1.00 per share)
• Forecast for
2010: Stable total Group revenues and after-tax profit of around EUR
40 million

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annual report

Subtitle: • Total Group revenues for 2009 of EUR 1,278.3 million down
16.3 percent against previous year (EUR 1,527.2 million)

• 2009 after-tax profit of EUR 42.0 million down 60.9 percent against
previous year (EUR 107.5 million)
• Dividend proposal EUR 0.60 per share (previous year: EUR 1.00 per share)
• Forecast for 2010: Stable total Group revenues and after-tax profit of
around EUR 40 million

Schrobenhausen/Munich (euro adhoc) - Construction and machinery
manufacturing concern BAUER Aktiengesellschaft has today presented
its results for 2009. Having achieved a record year in 2008, the
company's revenues and earnings fell substantially in 2009 under the
impact of the unprecedented global economic recession. "In view of
the severe turbulence on international markets, we are satisfied with
the overall performance of the BAUER Group," stated Prof. Thomas
Bauer, Chairman of the Management Board of BAUER AG. "All of our
business segments are profitable. Moreover, our strategy of
maintaining a global presence and focusing on three segments has
proved to be the right one in countering the effects of the economic
crisis. After a weak second half, we saw business stabilize as the
year came to an end."

Total Group revenues were EUR 1,278.3 million, down 16.3 percent
against the previous year. Earnings before interest and taxes (EBIT)
halved to EUR 84.4 million (previous year: EUR 167.5 million).
After-tax profit outperformed the updated forecast, reaching EUR 42.0
million, which was down 60.9 percent against the previous year's EUR
107.5 million. The Management Board and Supervisory Board will
propose to the Annual General Meeting that a dividend of EUR 0.60 per
share be paid (previous year: EUR 1.00 per share). This entails a
total payout of EUR 10.3 million, representing a dividend rate of
about 25 percent.

Stability based on global presence and future-oriented business
segments

The company's long-term strategy of international diversification and
focus on three future-oriented business segments is proving highly
effective in the face of the economic crisis.

Construction segment: Trends inconsistent across regional markets

The consolidated revenues of the Construction segment fell by 16.2
percent to EUR 587.1 million (previous year: EUR 700.9 million).
Consequently, segment EBIT declined to EUR 25.7 million, down 44.4
percent against the previous year's level. There were far fewer
large-scale projects than in the boom year 2008, and markets in
Eastern Europe and Dubai saw major collapses which had to be balanced
out. Markets in the Far East and Africa have been little affected.
Construction activity in the Middle East remains at a high level,
with the exception of Dubai. In America, infrastructure projects
conducted as part of economic stimulus packages are driving growth.
In Germany, basic capacities are being taken up by a major project
extending over a number of years in Munich.

Equipment segment: Nadir reached in second half of 2009; growth being
driven by new machines

The Equipment segment suffered most severely of all the Group's
business units from the effects of the economic crisis, yet it made
the largest contribution to total Group revenues. Its consolidated
revenues were EUR 604.5 million, down 22.5 percent (EUR 780.1
million) against the previous year. Segment EBIT fell by 56.6 percent
from EUR 118.3 million to EUR 51.3 million. While customers remain
reluctant to invest in smaller standard equipment, demand for larger
specialist machinery is relatively stable. This is a market segment
in which Bauer plays a dominant role. The company expects to see
growth impetus from the launch of new machines. In the spring, as one
example of this trend, sales will be starting of the deep drilling
rigs which have been undergoing development, manufacture and testing
for the last two years. The company will also be presenting numerous
innovations at the upcoming Bauma construction industry trade fair in
Munich.

Resources: Future growth markets in environmental technology and
commodities on the up

The long-term strategy of the BAUER Group in establishing the
Resources segment as a key new driver of growth for the future is
proving to be the right one. The segment's consolidated revenues
reached EUR 163.8 million (previous year: EUR 135.1 million),
representing 12.8 percent of total Group revenues. The 21.2 percent
growth seen in the financial year just ended was also boosted by the
acquisition of a majority share in the Site Group for Services and
Well Drilling Ltd. Co. in Jordan. However, segment EBIT of EUR 6.0
million was still below expectations. The earnings level reflects the
expenditure incurred in building up the business. A key milestone is
the major project being undertaken in Oman, involving the biological
treatment of process water from the oil industry. The mining market,
which virtually collapsed as the crisis hit, has recovered markedly
in recent months. There are many interesting - and in some cases very
large - projects involving drilling operations for the mining
industry, in which the Group sees good growth opportunities.

Orders in hand and outlook

After a weak second half of 2009, the BAUER Group saw its business
stabilize at a low level as the year ended. Orders in hand at the
year-end totalled EUR 508.9 million, just under a quarter less than
at the same time in the previous year (EUR 671.6 million). The
company expects to see trends remaining weak through the first two
quarters. In the first quarter, especially, significantly reduced
sales relative to last year will see the business record a loss.

For the full year, the BAUER Group forecasts total Group revenues
around the previous year's level. Current forecasts of after-tax
profit are around EUR 40 million.

"We have taken effective action to adjust our business to market
conditions," comments Professor Bauer. "Despite the economic crisis,
opportunities are repeatedly opening up in all our business segments,
and we will make use of them. Our strategic approach has proved to be
correct, and consequently we believe the BAUER Group is on the right
road to meet the challenges of the coming years."

Our full Annual 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 ancillary products in
the earth- working and groundwater 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 8,900 people, the
Group's total revenues in 2009 were EUR 1.28 billion (previous year:
EUR 1.53 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 2009 (IFRS)

| |2008 |2009 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues* |1,527.2 |1,278.3 |-16.3 % |
|of which | | | |
|- Germany |379.5 |364.0 |-4.1 % |
|- International |1,147.7 |914.3 |-20.3 % |
|of which | | | |
|- Construction |700.9 |587.1 |-16.2 % |
|- Equipment |780.1 |604.5 |-22.5 % |
|- Resources |135.1 |163.8 |21.2 % |
|- Other/Elim./Consol. |-88.9 |-77.1 |n/a |
|Consolidated revenues |1,455.3 |1,228.6 |-15.6 % |
|Sales revenues |1,290.8 |1,096.5 |-15.1 % |
|Orders received |1,580.7 |1,115.7 |-29.4 % |
|Orders in hand |671.6 |508.9 |-24.2 % |
|EBITDA |228.4 |159.9 |-30.0 % |
|EBITDA margin (as % of sales |17.7 % |14.6 % |n/a |
|revenues) | | | |
|EBIT |167.5 |84.4 |-49.6 % |
|EBIT margin (as % of sales |13.0 % |7.7 % |n/a |
|revenues) | | | |
|Net profit or loss** |107.5 |42.0 |-60.9 % |
|Shareholders' equity |372.6 |401.9 |7.8 % |
|Equity ratio in % |35.8 % |33.9 % |n/a |
|Earnings per share in EUR*** |6.09 |2.28 |-62.6 % |
|Dividend per share in EUR**** |1.00 |0.60 |-40.0 % |
|Employees |8,674 |8,872 |2.3 % |

* 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

**** 2009 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 Erhart / Christopher Wolf

Investor Relations

BAUER Aktiengesellschaft

BAUER-Strasse 1

86529 Schrobenhausen, Germany

Phone: +49 8252 97-1918

Fax: +49 8252 97-2900

investor.relations@bauer.de

www.bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade