EANS-News: BAUER Aktiengesellschaft / BAUER AG achieves healthy growth again after difficult year

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Annual Reports/Financial Figures/Balance Sheet

Subtitle: • Total Group revenues up 5.2 percent to EUR 1,371.8
million

• Net profit of EUR 34.1 million (previous year: EUR 39.8 million) and EBIT
of EUR 82.3 million (previous year: EUR 88.4 million) down slightly
• Orders in hand up 22.0 percent to EUR 750.0 million (previous year: EUR
614.9 million)
• Forecast for 2012: Group expects steady growth of five to ten percent,
raising total Group revenues to EUR 1.45 billion
• Proposed dividend: EUR 0.50 per share

Schrobenhausen/Munich (euro adhoc) - International construction
engineering and machinery manufacturing concern BAUER
Aktiengesellschaft is on a steady growth track once again. "We are
satisfied with 2011 overall," comments Chairman of the Management
Board Professor Thomas Bauer. "Our strategy has proved its strength
over the last year. The Group's broad international spread and the
long-term strategic plan underpinning our products and services have
enabled us to cope well with external disturbances." Alongside
political unrest in the Middle East, the environmental disaster and
nuclear accident in Japan, and the return of the financial crisis,
problems on major projects also impacted negatively on performance.

Total Group revenues rose by 5.2 percent from EUR 1,304.0 million to
EUR 1,371.8 million. Profit was down against the previous year, as
expected. While EBIT (earnings before interest and taxes) declined
from EUR 88.4 million to EUR 82.3 million, net profit was EUR 34.1
million (previous year: EUR 39.8 million).

Group orders in hand at the year-end totalled EUR 750.0 million, 22.0
percent above the previous year's level. This provides a sound
foundation for the growth planned over the coming years.

The Management Board and Supervisory Board propose that a modestly
reduced dividend of EUR 0.50 per share be paid (previous year: EUR
0.60). This corresponds to a dividend ratio of approximately 27
percent referred to earnings after deducting minority interests.

Business segments

With its three segments - Construction, Equipment and Resources - the
Group operates a widely diversified yet well-balanced business model
and an international network. This approach once again proved its
worth in the past financial year: while the Construction segment was
the most severely impacted by the political and economic turbulence,
the Equipment and Resources segments achieved substantial growth.

The total Group revenues of the Construction segment fell by 5.4
percent to EUR 582.1 million (previous year: EUR 615.4 million).
Segment EBIT fell by 38.8 percent to EUR 17.6 million (previous year:
EUR 28.8 million). Factors including the unrest in the Middle East,
the effects of the debt crisis in Europe and delays on some
construction projects led to falls in revenues and earnings. While
orders in hand in Germany decreased slightly, the international order
situation developed very positively. Most of this growth was
attributable to the Center Hill Dam remediation contract in the USA,
acquired in September.

The Equipment segment performed the best, achieving strong growth.
Its total Group revenues rose 13.6 percent to EUR 661.0 million
(previous year: EUR 581.7 million). Segment EBIT increased by 10.2
percent to EUR 53.2 million (previous year: EUR 48.3 million).
Business in this segment is profiting particularly from our strength
in large and custom-built machinery. Orders in hand at the year-end
totalled EUR 124.7 million (previous year: EUR 140.0 million). Bauer
expects to see continued steady growth based in particular on the
segment's newly developed products and techniques.

The Resources segment again enjoyed positive growth. Its total Group
revenues of EUR 211.5 million were 19.0 percent up on the previous
year's level (EUR 177.7 million). Segment EBIT increased by 34.9
percent to EUR 10.9 million (previous year: EUR 8.1 million), though
delays and operational problems on a major project in Jordan meant
that it did not come up to expectations. Orders in hand increased by
39.5 percent to EUR 168.4 million, providing the segment with a sound
foundation for further growth.

Outlook

In the past year the BAUER Group continued to invest in its long-term
development and strengthened its business. In Malaysia, a new plant
was constructed to serve the markets of the Far East by manufacturing
drilling tools and providing local service backup for equipment in
use around the region. International equipment service was extended
with new workshops in the UK and Russia. A new plant in Poland is
manufacturing plastic pipes and filters for the Resources segment. A
new plant to produce rotary drilling rigs will be constructed in
China this year to replace the current facility.

The BAUER Group also invested heavily in research and development. It
achieved a technological breakthrough in the past year with an
entirely new technique for sinking the foundations of tidal turbines.
And intensive work was carried out to enhance the range of deep
drilling rigs for oil and gas drilling and for extracting geothermal
energy from depths down to several thousand metres.

"One of the main drivers of construction sector growth over the
coming years will be the reversal of energy policy. Old power
stations will have to be updated and new ones built, and the
generation of power from renewable sources such as wind, biogas and
geothermal energy will open up lots of opportunities for us,"
Professor Thomas Bauer asserts. "Internationally, we see a general
major backlog in demand for construction works."

Despite market volatility, BAUER AG expects to achieve annual growth
of between five and ten percent over the next two financial years.
Based on current figures, the company forecasts that total Group
revenues for 2012 will be around EUR 1.45 billion, net profit will be
about EUR 35 million, and EBIT around EUR 85 million. It is likely
that trends in the industry this year will return to the normal
patterns of earlier years, with the first quarter showing a loss
which is balanced out over the subsequent quarters.

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 for
ground and groundwater. The Group markets its products and services
all over the world. Its global spread allows it to remain largely
unaffected by fluctuating business cycles.

Its business is divided into three segments: Construction, Equipment
and Resources. The Construction segment carries out specialist
foundation engineering work for complex excavation pits and
foundations on major infrastructure and building projects all over
the world, installing cut-off walls and carrying out ground
improvement works as well as providing related project development
services. Bauer's Equipment segment, a world market leader, offers a
comprehensive range of construction machinery, equipment and tools
for the specialist foundation engineering sector as well as for other
underground drilling operations, such as for mines, water wells,
geothermal energy sources, and oil and gas extraction. The Resources
segment pools the Group's activities in the fields of water, energy,
mineral resources and environmental technology.

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 9,700 people, the
Group's total revenues in 2011 were approximately EUR 1.4 billion
(previous year: EUR 1.3 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 2011 (IFRS)

| |2010 |2011 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues |1,304.0 |1,371.8 |+5.2 % |
|of which | | | |
|- Germany |339.1 |370.3 |+9.2 % |
|- International |964.9 |1,001.5 |+3.8 % |
|of which | | | |
|- Construction |615.4 |582.1 |-5.4 % |
|- Equipment |581.7 |661.0 |+13.6 % |
|- Resources |177.7 |211.5 |+19.0 % |
|- Other/Consolidation |-70.8 |-82.8 |n/a |
|Consolidated revenues |1,255.6 |1,327.1 |+5.7 % |
|Sales revenues |1,131.7 |1,219.6 |+7.8 % |
|Orders received |1,410.0 |1,506.9 |+6.9 % |
|Orders in hand |614.9 |750.0 |+22.0 % |
|EBITDA |165.5 |164.5 |-0.6 % |
|EBITDA margin (as % of sales |14.6 % |13.5 % |n/a |
|revenues) | | | |
|EBIT |88.4 |82.3 |-6.9 % |
|EBIT margin (as % of sales |7.8 % |6.7 % |n/a |
|revenues) | | | |
|Net profit or loss |39.8 |34.1 |-14.3 % |
|Shareholders' equity |443.9 |470.4 |+6.0 % |
|Equity ratio |33.2 % |31.6 % |n/a |
|Earnings per share in EUR |2.04 |1.86 |-8.8 % |
|Employees (on average over the |9,094 |9,646 |+6.1 % |
|year) | | | |

Further inquiry note:
Christopher Wolf
Investor Relations
Tel.: +49 8252 97 1797
E-Mail: christopher.wolf@bauer.de

end of announcement euro adhoc
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company: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1797
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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English