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DGAP-Adhoc: BAUER Aktiengesellschaft: BAUER AG adjusts its forecast for the end of the year

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DGAP-Ad-hoc: BAUER Aktiengesellschaft / Key word(s): Change in Forecast
BAUER Aktiengesellschaft: BAUER AG adjusts its forecast for the end of the
year

18-Sep-2019 / 18:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, 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 financial year 2019 due to lowered expectations
compared with the corporate planning.

Poor capacity utilization, mainly due to project postponements, will lead to
significantly worse earnings in some countries of our international
construction business in the second half of the year compared to the
previous planning. In addition, the development of interest rates for
pension provisions and interest rate hedges has led to considerable balance
sheet burdens.

Up to now, total Group revenues of about EUR 1.7 billion, EBIT of about EUR
95 million and earnings after tax significantly higher than in the previous
year had been anticipated for the financial year 2019. From today's
perspective, the company expects to achieve EBIT of about EUR 70 million.
The earnings after tax will only be slightly positive. The forecast for
total Group revenues of about EUR 1.7 billion remains unchanged.

From today's perspective, the reasons for the deterioration in earnings have
no significant impact on future development.

The method of calculating the total Group revenues can be found in the
appendix of the 2018 Annual Report on page 115:
https://www.bauer.de/export/shared/documents/pdf/investor_relations/annual_r
eport/annual_report_2018_en_i.pdf [1]

Contact:
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

18-Sep-2019 CET/CEST 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
EQS News ID: 876091

End of Announcement DGAP News Service

876091 18-Sep-2019 CET/CEST


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=94cf441c80c460af1f1b607c52601623&application_id=876091&site_id=vwd&application_name=news


(END) Dow Jones Newswires

September 18, 2019 12:22 ET ( 16:22 GMT)
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