EANS-News: BAUER Aktiengesellschaft / BAUER AG reaffirms full-year forecast at end of first quarter

• Total Group revenues of EUR 261 million down 30.5 percent against
previous year comparative quarter (EUR 375.3 million)
• After-tax
loss as expected, totalling EUR 4.4 million (previous year: EUR 11.0
million profit)
• Orders received up 22.2 percent to EUR 293.2
million (previous year: EUR 239.9 million)
• Full-year forecast
reaffirmed: Stable total Group revenues around previous year's level
and after-tax profit of around EUR 40 million

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quarterly report/3-month report

Subtitle: • Total Group revenues of EUR 261 million down 30.5 percent
against previous year comparative quarter (EUR 375.3 million) •
After-tax loss as expected, totalling EUR 4.4 million (previous year:
EUR 11.0 million profit) • Orders received up 22.2 percent to EUR
293.2 million (previous year: EUR 239.9 million) • Full-year forecast
reaffirmed: Stable total Group revenues around previous year's level
and after-tax profit of around EUR 40 million

Schrobenhausen (euro adhoc) - Schrobenhausen - BAUER
Aktiengesellschaft closed first-quarter 2010 in line with its
expectations and has reaffirmed its full-year forecast. In the first
three months of the current financial year the effects of the
economic crisis and of adverse weather conditions depressed the
revenues and earnings of the construction and machinery manufacturing
concern. Total Group revenues were EUR 261 million, down 30.5 percent
against the exceptionally good previous year comparative quarter.
Earnings before interest and taxes (EBIT) totalled EUR 5.6 million
(previous year: EUR 23.3 million). As expected, an after-tax loss of
EUR 4.4 million was made (previous year: EUR 11.0 million profit).

Business segments

Revenues of the Construction segment were affected particularly by
the adverse weather conditions, as well as by the fact that a number
of major projects were delayed in starting. As a consequence, segment
revenues were 11.8 percent down, at EUR 125.1 million. Segment EBIT
decreased from EUR 5.2 million in the comparative previous year
period to EUR 2.9 million.

The Equipment segment, which was still reporting boom-period sales
levels up to the end of last year's first quarter, saw its
performance return to the more normal seasonal cycle as a result of
the economic crisis. The early months of the year are generally very
slack, as customers only start ordering equipment when the
construction season begins. Reflecting the underlying base effect,
and under the impact of the crisis, first-quarter revenues were 48.7
percent down against the previous year comparative at EUR 113.2
million. The BAUER Group is nevertheless outperforming the
competition in this sector, thanks to its market edge in sales of
large-scale equipment. Segment EBIT was EUR 2.6 million (previous
year: EUR 20.3 million).

The Resources segment continued to make positive progress. Its
revenues grew by 5.6 percent to EUR 35.6 million. Segment EBIT of EUR
0.1 million was already positive by the end of the first quarter, and
thus well above the previous year's comparative level.

Orders in hand and outlook

The Group's orders in hand have been stable since the first quarter
of last year, and at the end of the current reporting period totalled
EUR 541.1 million.

Orders received saw pleasing growth for the first time in four
quarters, rising by 22.2 percent to EUR 293.2 million. In the
Construction segment, a number of major projects, including the
construction of the Guggenheim and Louvre museums in Abu Dhabi as
well as other projects in Qatar and Canada, are delivering positive
momentum. The Equipment segment is profiting from projects in
connection with government economic stimulus packages, among other
factors, in which it is able to exploit the demand for larger
specialist foundation engineering equipment. The interest shown at
the Bauma international trade fair for construction machinery also
provided grounds for optimism. The Resources segment continues to
grow. In early April the Group was awarded a major contract in
Jordan, with an order value of some EUR 35 million, to drill a well
field. The Group's mining operations are also recovering discernibly
as commodity prices rise.

"The normal seasonal effects in the industry affected our business in
the first quarter. Prior to the boom period, a sluggish start to the
year was always the norm, and we are used to dealing with it,"
explains Chairman of the Management Board Professor Thomas Bauer.
"Overall, we are seeing a return to relatively stable market
conditions which should enable us to meet our forecast."

For the full year, the BAUER Group forecasts total Group revenues
around the previous year's level and after-tax profit of around EUR
40 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. 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 more than two thirds of its
total revenues outside of Germany. Employing nearly 8,900 people, the
Group´s total revenues in 2009 were EUR 1.28 billion (previous year:
EUR 1.53 million). 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 - March 2010 (IFRS)

| |Jan - Mar 2009 |Jan - Mar 2010 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues* |375.3 |261.0 |-30.5 % |
|of which | | | |
|- Germany |89.4 |66.1 |-26.0 % |
|- International |285.9 |194.9 |-31.9 % |
|of which | | | |
|- Construction |141.9 |125.1 |-11.8 % |
|- Equipment |220.5 |113.2 |-48.7 % |
|- Resources |33.9 |35.6 |5.0 % |
|- Other/Elim./Consol. |-21.0 |-12.9 |n/a |
|Consolidated revenues |362.5 |252.1 |-30.4 % |
|Sales revenues |270.6 |216.0 |-20.2 % |
|Orders received |239.9 |293.2 |22.2 % |
|Orders in hand |536.2 |541.1 |0.9 % |
|EBITDA |38.3 |23.4 |-38.8 % |
|EBITDA margin (as % of sales |14.2 % |10.9 % |n/a |
|revenues) | | | |
|EBIT |23.3 |5.6 |-75.8 % |
|EBIT margin (as % of sales |8.6 % |2.6 % |n/a |
|revenues) | | | |
|Net profit or loss** |11.0 |-4.4 |n/a |
|Shareholders' equity |383.8 |406.6 |5.9 % |
|Equity ratio in % |32.2 % |31.6 % |n/a |
|Earnings per share in EUR*** |0.62 |-0.31 |n/a |
|Employees (on average over the |8,454 |8,860 |4.8 % |
|year) | | | |

* 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

end of announcement euro adhoc
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ots Originaltext: BAUER Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bettina Erhart / Christopher Wolf

Investor Relations

Telefon: +49(0)8252 97 1918

E-Mail: investor.relations@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: MDAX, CDAX, Classic All Share, Prime All Share
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Berlin / free trade
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