Bauer starts 2007 with good first quarter

. Increase in total Group revenues to around EUR 263 million
. Improvement in first quarter profit to EUR 3.6 million
. Confirmation of positive outlook for 2007 financial year

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companies

Schrobenhausen, May 15, 2007 - (euro adhoc) - The construction and
equipment manufacturing group BAUER Aktiengesellschaft, which since
July 4, 2006 has been listed in official trading (Prime Standard) on
the Frankfurt Stock Exchange, has sustained its previous year
performance into the first quarter of the current financial year
(January 1 to March 1, 2007), achieving healthy increases in revenue
and earnings in virtually all areas.

Bauer increased first quarter total Group revenues by just under 24
percent to around EUR 263 million (previous year: EUR 212 million).
Earnings before interest and taxes (EBIT) increased even more
strongly, by more than EUR 8 million, to around EUR 11.9 million
(previous year: EUR 3.5 million). Consolidated profit increased
substantially to EUR 3.6 million (previous year: EUR -0.3 million).

The strong growth again results from the outstanding performance of
the Group's Equipment segment. Based on much higher demand for
machinery, total revenues in that segment increased by 45.8 percent
in the first quarter to around EUR 143 million (previous year: EUR
98 million) and earnings before interest and taxes (EBIT) improved
substantially to around EUR 15.7 million (previous year: EUR 6.8
million).

The Construction segment increased its first quarter total revenues
by around 9 percent to EUR 131 million (previous year: EUR 120
million). First quarter performance was boosted, especially in
Germany, by the mild weather at the beginning of the year. In line
with seasonal trends in the construction industry, however, EBIT was
slightly negative, at EUR -0.9 million (previous year: EUR -2.6
million). The main reason for this result was the still
unsatisfactory level of prices in Germany, particularly on
large-scale projects. Over the full year Bauer expects its German
construction operations to return a profit.

Orders in hand increased by less than revenues in the reporting
period, because of the company's cautious approach to taking on new
work in Germany, though attractive projects outside of Germany did
result in an increase of just under 5 percent, to EUR 419.2 million
(previous year: EUR 399.6 million).

Outlook

Alongside substantial investments to expand equipment manufacturing
capacities in Germany and internationally, Bauer will be driving
forward its move into new market segments throughout the current
year. The companies of the newly acquired German Water and Energy
GmbH (GWE) group will be merged with Bauer's existing environmental,
geothermal and mining businesses to form a new, third, segment named
"Resources". "We see this as a major opportunity to grow our business
without abandoning our core competencies. It will reduce the
dependence of our existing segments on specific business cycles
because the new segment, though needing to apply the same technology
as the existing segments, will be subject to its own entirely
independent business cycle", states Chairman of the Management Board
Professor Thomas Bauer.

Bauer expects Group performance to sustain its upward trend in 2007,
with total Group revenues set to rise by over 20 percent to around
EUR 1.2 billion and profit after tax at a minimum of EUR 45 million.

About Bauer

Bauer is a global provider of specialist foundation engineering and
related services as well as a leading international vendor of
specialist foundation engineering machinery, equipment and tools and
related services.

The Group's operations are managed in two segments: Construction and
Equipment. The Construction segment provides specialist foundation
engineering services and also operates in the related fields of
environmental technology, structure remediation, bridge-building and
project development. In its Equipment segment, Bauer offers an
extensive range of machinery, equipment and tools for specialist
foundation engineering. The Group markets its products and services
worldwide, through local sales companies and project management
networks. The BAUER Group profits from the collaboration between its
two segments. This means Bauer is able to offer innovative and highly
specialized complete solutions for specialist foundation engineering
projects, providing all the necessary services and specialist
equipment.

Founded over 200 years ago, the BAUER Group today generates over two
thirds of its total revenues outside of Germany. Employing over 5,500
people, the Group's total revenues were EUR 980 million (previous
year: EUR 824 million) in 2006.

GROUP KEY FIGURES, Q1 2007 (IFRS)

| |Q1 2006 |Q1 2007 |Change |
| |in EUR |in EUR million | |
| |million | | |
|Total Group revenues*, |212.3 |263.1 |+ 23.9 % |
|of which | | | |
|-Construction |119.9 |131.0 |+ 9.3 % |
|-Equipment | 98.3 |143.3 |+ 45.8 % |
|-Consolidation / Other |- 5.9 |-11.2 | n/a |
|Consolidated revenues |202.2 |252.6 |+ 24.9 % |
|Orders in hand |399.6 |419.2 |+ 4.9 % |
|EBITDA | 14.8 | 23.5 |+ 59.1 % |
|EBIT, | 3.5 | 11.9 |+ 244.3 % |
|of which | | | |
|-Construction |- 2.6 |- 0.9 | n/a |
|-Equipment | 6.8 | 15.7 |+ 131.9 % |
|-Consolidation / Other |- 0.7 |- 2.9 | n/a |
|Profit** |- 0.3 | 3.6 | n/a |
|Earnings per share in EUR***| -0.03 EUR | 0.20 EUR | n/a |
|Employees | 5,353 | 5,830 |+ 8.9 % |

* 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, following share split.

end of announcement euro adhoc 15.05.2007 08:00:00
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ots Originaltext: Bauer AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bettina Mestenhauser
Head of Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de

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