EANS-News: BAUER Aktiengesellschaft / BAUER AG third-quarter report expresses confidence in opportunities for growth from new orders

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Company Information/quarterly report/9-month report

Subtitle: • Total Group revenues up 4.8 percent to EUR 1,008.9
million. • Orders in hand up by more than 25 percent to EUR 740.0
million. • After-tax profit of EUR 14.2 million (previous year: EUR
21.0 million) hit by disturbances and delays in construction
business. • Adjusted full-year forecast: Total Group revenues of
around EUR 1.35 billion; EBIT of around EUR 80 million; and after-tax
profit of just over EUR 30 million. 5 to 10 percent revenue growth
forecast for 2012.

Schrobenhausen (euro adhoc) - After having adjusted its full-year
earnings forecast on October 31st, international construction and
machinery manufacturing concern BAUER Aktiengesellschaft has today
published its third-quarter interim report. Although its revenues and
earnings in the current financial year are below expectations, the
Group is confident about its future prospects. Chairman of the
Management Board of BAUER AG Professor Thomas Bauer comments: "Based
on our high levels of orders in hand, we expect to achieve annual
growth rates in total Group revenues of between 5 and 10 percent in
2012 and subsequent years. And that does not include the
opportunities arising from the potential remediation project on the
Mosul Dam in northern Iraq." In early November, BAUER Group company
BAUER Spezialtiefbau GmbH signed a letter of understanding with the
Iraqi government indicating that a contract will be awarded subject
to agreement of further contractual details. With a total value of
EUR 1.9 billion, and extending over a scheduled period of some six
years, this would represent the biggest single contract in the
company's history.

In the period to September 30, 2011 the BAUER Group increased its
total Group revenues by 4.8 percent to EUR 1,008.9 million. Earnings
before interest and taxes (EBIT) fell from EUR 55.8 million to EUR
51.5 million. After-tax profit of EUR 14.2 million - against a
previous year comparative of EUR 21.0 million - was less than
planned.

In the Construction segment, delays beyond the company's control to
the start of some major construction projects, as well as a number of
impediments to the execution of projects, suppressed both revenues
and earnings. In addition, loss of revenues and earnings in the
crisis regions of the Middle East - especially in Egypt - had a
negative impact on the Group's performance. Total Group revenues in
the Construction segment totalled EUR 415.7 million, 11.4 percent
down against the previous year's comparative (EUR 469.3 million).
Segment EBIT fell from EUR 22.5 million to EUR 9.4 million. Orders in
hand as per the end of September were at a high level, totalling EUR
423.8 million (previous year: EUR 326.2 million). Key projects
include dam remediation on Lake Okeechobee in Florida, a major new
contract acquired in September for work on the Center Hill Dam in
Tennessee, and specialist foundation engineering works forming part
of major infrastructure projects in Hong Kong, Panama and Malaysia.

The Equipment segment increased its total Group revenues in the
reporting period by 18.1 percent to EUR 487.1 million (previous year:
EUR 412.3 million). Segment EBIT rose from EUR 27.9 million to EUR
34.8 million. Orders in hand are up slightly on the same time last
year, rising 8.2 percent to EUR 136.9 million. All in all, demand and
unit sales have been somewhat more sluggish than expected. A further
step into a new product area was marked in October by the
presentation of the second large-size deep drilling rig model at
Group headquarters in Schrobenhausen. The rig, designed to drill down
to depths of more than 5,000 metres, attracted great interest from
visiting industry experts.

The performance of the Group's Resources segment, which focuses on
future- oriented products and services in the fields of water,
energy, mineral resources and environmental technology, continued to
develop positively. The segment improved its total Group revenues in
the first three quarters of the year by 30.6 percent to EUR 162.7
million (previous year: EUR 124.6 million). Segment EBIT of EUR 8.2
million was a substantial EUR 3.3 million up on the previous year
comparative. The segment has excellent levels of orders in hand
totalling EUR 179.4 million - well up on the previous year's figure
of EUR 135.8 million.

Outlook

Orders in hand within the Group at the end of the first nine months
had risen by 25.8 percent to EUR 740.0 million. "The trend in orders
indicates chances of significantly better performance over the coming
year," Professor Thomas Bauer states. "Although we have been severely
hit by the numerous disturbances this year, we are confident about
the future, because the problems that have occurred will have little
impact on us beyond the current financial year."

For the full year 2011, the Group expects to generate total Group
revenues of around EUR 1.35 billion, EBIT of around EUR 80 million,
and an after-tax profit of just over EUR 30 million.

Our full Interim 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 and related fields of activity. 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 around three quarters of its
total revenues outside of Germany. Employing some 9,100 people, the
Group's total revenues in 2010 were EUR 1.30 billion (previous year:
EUR 1.28 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 January - September 2011 (IFRS)

| |Jan-Sep 2010 |Jan-Sep 2011 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues |962.6 |1,008.9 |+4.8 % |
|of which | | | |
|- Germany |250.0 |263.6 |+5.4 % |
|- International |712.6 |745.3 |+4.6 % |
|of which | | | |
|- Construction |469.3 |415.7 |-11.4 % |
|- Equipment |412.3 |487.1 |+18.1 % |
|- Resources |124.6 |162.7 |+30.6 % |
|- Other/Consol. |-43.6 |-56.6 |n/a |
|Consolidated revenues |928.9 |978.3 |+5.3 % |
|Sales revenues |844.4 |874.9 |+3.6 % |
|Orders received |1,042.1 |1,134.0 |+8.8 % |
|Orders in hand |588.5 |740.0 |+25.8 % |
|EBITDA |110.2 |112.5 |+2.1 % |
|EBITDA margin (as % of sales |13.0 % |12.9 % |n/a |
|revenues) | | | |
|EBIT |55.8 |51.5 |-7.7 % |
|EBIT margin (as % of sales |6.6 % |5.9 % |n/a |
|revenues) | | | |
|Net profit or loss |21.0 |14.2 |-32.6 % |
|Shareholders´ equity |419.2 |443.3 |+5.8 % |
|Equity ratio |30.5 % |29.5 % |n/a |
|Earnings per share in EUR |1.01 |0.70 |-30.7 % |
|Employees (on average over the |8,962 |9,603 |+7.2 % |
|year) | | | |

Further inquiry note:
Bettina Erhart / Christopher Wolf
Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: investor.relations@bauer.de

end of announcement euro adhoc
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company: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1918
FAX: +49 (0)8252-97-2900
mail: investor.relations@bauer.de
WWW: http://www.bauer.de
sector: Construction & Property
ISIN: DE0005168108
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English