Bauer looks back on a successful first nine months

. Total Group revenues up to EUR 730 million
. Consolidated profit up substantially to EUR 16.9 million
. Orders in hand again improved over previous year to EUR 422 million
. Positive outlook for the full year 2006

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Schrobenhausen (euro adhoc) - Schrobenhausen, November 21, 2006 -The
construction and machinery manufacturing group BAUER
Aktiengesellschaft, which since July 4, 2006 has been listed in
official trading (Prime Standard) on the Frankfurt Stock Exchange,
has maintained its strong earnings growth in the first nine months of
2006.

In the reporting period Bauer increased total Group revenues by some
19 percent year-on-year to EUR 730 million (previous year: EUR 610
million). As a result, the Group now generates 72 percent of total
revenues outside of Germany. Earnings before interest and taxes
(EBIT) increased even more strongly, by some 47 percent, to more than
EUR 42 million (previous year: EUR 28 million). Consolidated profit
was increased substantially, by around 76 percent, to EUR 16.9
million (previous year: EUR 9.6 million).

The Group's orders in hand at the end of September 2006 totalled EUR
422 million, over 27 percent up on the comparative previous year
figure of around EUR 332 million.

"We are extremely pleased with the very healthy progress our business
has made in the first nine months of 2006. A positive factor is that
the upward trend has been maintained by almost entirely organic
means, with no mergers or acquisitions. The strong share price
performance since our listing in July of this year demonstrates that
our shareholders have great faith in the ongoing development of the
company", states Chairman of the Management Board Professor Thomas
Bauer.

The Construction segment generated total revenues of around EUR 406
million (previous year: EUR 377 million) before consolidations in the
first nine months of 2006, an increase of some 8 percent. The main
drivers of growth were the international subsidiaries, especially
those in North America. By contrast, business in Germany and the EBIT
of the Construction segment were slightly down on the previous year's
levels.

In its Equipment segment, Bauer generated total revenues of around
EUR 338 million (previous year: 244 million) in the first nine
months. EBIT was increased significantly, to just under EUR 34
million (previous year: around EUR 17 million). In order to keep
responding to the increased demand for its construction equipment,
the Group began projects to extend its main plant in Schrobenhausen
and a number of its other production facilities in Germany and abroad
during the reporting period.

Outlook The global economy - and consequently the worldwide market
for construction and machinery - will maintain its upward trend over
the remaining financial year. Ever-increasing infrastructure projects
and building works, in ever-tighter city centre locations, are
necessitating ever more complex specialist foundation engineering
solutions, and this is opening up exciting new prospects for the
BAUER Group. The healthy level of orders in hand at September 30 is
an outstanding basis for sustaining the positive development of the
Group's business. Against that background, and in view of the
pleasing progress of the business to date, Bauer expects to see total
Group revenues increase by around 15 percent and profit rise by
around 40 percent in the full year 2006.

KEY FIGURES OF THE GROUP for the first nine months of 2006 (IFRS):

| |09/2005 |09/2006 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues*, |610.4 |730.5 |+ 19 % |
|of which | | | |
|- Germany |200.3 |203.8 |+ 2 % |
|- International |410.1 |526.7 |+ 28 % |
|- Construction |376.6 |406.0 |+ 8 % |
|- Equipment |243.8 |337.7 |+ 39 % |
|- Consolidation / Other |- 10.0 |- 13.2 |n/a |
|Consolidated revenues |584.9 |685.6 |+ 17 % |
|Orders in hand |332.4 |422.7 |+ 27 % |
|EBITDA |61.8 |78.4 |+ 27 % |
|EBIT, of which |28.8 |42.5 |+ 47 % |
|- Construction |11.5 |9.8 |- 14.8 % |
|- Equipment |17.6 |33.9 |+ 93 % |
|- Consolidation / Other |-0.3 |- 1.2 |n/a |
|Profit** |9.6 |16.9 |+ 76 % |
|Earnings per share in |0.58 |1.07 |+ 85 % |
|EUR*** | | | |
|Employees |5,149 |5,523 |+ 7 % |

KEY FIGURES OF THE GROUP for the third quarter 2006 (IFRS):

| |01.07 - |01.07 - |Change |
| |30.09.2005 |30.09.2006 | |
| |in EUR million |in EUR million | |
|Consolidated revenues |232.9 |255.4 |+ 8 % |
|EBIT |19.0 |24.0 |+ 26 % |
|Profit** |9.1 |10.9 |+ 21 % |
|Earnings per share in |0.52 |0.64 |+ 23 % |
|EUR*** | | | |

* 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 undiluted.

About Bauer

Bauer is a global provider of specialist foundation engineering and
related services as well as a leading international supplier of
specialist foundation engineering machinery, equipment and tools and
related services.

The Group's operations are managed in two segments: Construction and
Equipment. The Construction segment provides specialist foundation
engineering services and also operates in the related fields of
environmental technology, structure remediation, bridge-building and
project development. In its Equipment segment, Bauer offers an
extensive range of machinery, equipment and tools for specialist
foundation engineering. The Group markets its products and services
worldwide, through local sales companies and project management
networks. The BAUER Group profits from the collaboration and synergy
between its two segments. This means Bauer is able to offer
innovative and highly specialized complete solutions for specialist
foundation engineering projects, providing all the necessary services
and specialist equipment.

Founded over 200 years ago, the BAUER Group today generates more than
two thirds of its total revenues outside of Germany. In 2005, the
Group's total revenues were EUR 824 million (previous year: EUR 664
million) with a workforce of over 5,000 people.

end of announcement euro adhoc 21.11.2006 07:45:00
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ots Originaltext: Bauer AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bettina Mestenhauser
Head of Corporate Communication & Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
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Hamburger Wertpapierbörse / free trade
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