BAUER Aktiengesellschaft
BAUER Aktiengesellschaft: BAUER AG corrects the forecast due to the business figures for the third quarter of 2016
BAUER Aktiengesellschaft / Key word(s): 9-month figures/Change in Forecast 03.11.2016 13:58 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Schrobenhausen - BAUER Aktiengesellschaft (ISIN DE0005168108) has to adjust its forecast for the full year 2016 on the basis of the lower than expected business figures at the end of the third quarter of 2016. Total Group revenues as of September 30, 2016, were EUR 1,146.3 million, while earnings before interest and taxes (EBIT) were EUR 38.0 million and earnings after tax were EUR -4.0 million. The weaker business figures are mainly attributable to the Construction segment. On the one hand, individual subsidiaries have been financially burdened by order shortages. On the other hand, the revenues and earnings performance of large projects fell short of expectations. In sum, the key figures in the segment after the end of the third quarter were now clearly lower than planned. BAUER Aktiengesellschaft therefore assumes that it will not be possible to achieve the forecast given in the 2015 Annual Report. Up to now, total Group revenues of about EUR 1.65 billion, EBIT of about EUR 75 million and earnings after tax of around EUR 20 to 25 million had been anticipated. The company now expects to achieve total Group revenues of slightly less than EUR 1.65 billion, EBIT of about EUR 65 million and earnings after tax of around EUR 10 to 15 million by the end of the year. The final figures for the end of the third quarter of 2016 will be published by BAUER AG on November 14, 2016. The method of calculating the total Group revenues can be found in the appendix of the 2015 Annual Report on page 108: http://www.bauer.de/ bauer_group/investor_relations/reports/annual_report/ Contact: Christopher Wolf Investor Relations BAUER Aktiengesellschaft BAUER-Strasse 1 86529 Schrobenhausen, Germany Phone: +49 8252 97-1797 Fax: +49 8252 97-2900 investor.relations@bauer.de www.bauer.de 03.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: BAUER Aktiengesellschaft BAUER-Straße 1 86529 Schrobenhausen Germany Phone: +49 (0)8252 97 1218 Fax: +49 (0)8252 97 2900 E-mail: investor.relations@bauer.de Internet: www.bauer.de ISIN: DE0005168108 WKN: 516810 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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