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Bauer records outstanding 2006 financial year

Geschrieben am 25-04-2007

. Strong growth in total Group revenues to around EUR 980 million
. Profit up to EUR 35.2 million
. Proposed dividend EUR 0.50 per share
. Positive outlook for 2007 financial year


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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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companies/Consolidated financial statements

Schrobenhausen, April 25, 2007 (euro adhoc) - The construction and
equipment manufacturing group BAUER Aktiengesellschaft, which since
July 4, 2006 has been listed in official trading (Prime Standard) on
the Frankfurt Stock Exchange, is able to look back on an outstanding
year 2006. Bauer sustained its earnings-oriented growth in the past
financial year, meeting all its self-imposed targets in full. The
main reasons for the highly positive performance, alongside a healthy
general climate in the industry, were the Group's concerted focus on
the needs of its markets and its many years spent developing an
international network of branches and subsidiaries all over the
world.

Excellent sales and profit growth, healthy levels of orders in hand

In the year under review Bauer increased total Group revenues by just
under 19 percent to EUR 980 million (previous year: EUR 824 million).
The long recession in Germany and the Group's strategy of
globalization in recent years has meant that now around 70 percent of
total Group sales are generated outside of Germany.

EBIT (Earnings before interest and taxes) increased even more
strongly, by some 53 percent, to around EUR 73 million (previous
year: EUR 47.5 million). Net profit was increased substantially, by
well over 80 percent, to EUR 35.2 million (previous year: EUR 19.5
million).

Bauer operates in the fast-growing worldwide specialist foundation
engineering market. Growth in this niche market is founded on the
booming global economy, which is bringing with it substantial
investment in public and private sector infrastructure construction
and engineering projects. These new projects entail high demand for
additional machinery capacity, which in turn is benefiting the
Group's Equipment segment.

At year-end, orders in hand in the Group were up 22 percent
year-on-year to EUR 422.4 million (previous year: EUR 346.1 million).
"The current very healthy levels of orders in hand, which by the end
of February had reached just under EUR 430 million, provide all the
companies in the BAUER Group with a sound foundation for the current
financial year. In the Equipment segment in particular, orders in
hand are excellent," reports Chairman of the Management Board
Professor Thomas Bauer.

Positive trend in revenues from the Construction segment

The Construction segment increased its total revenues by around 10
percent to EUR 575.5 million in 2006 (previous year: EUR 521.3
million). Segment earnings before interest and taxes (EBIT) of EUR
13.1 million was some EUR 4 million down on the previous year. The
main reason for this trend was the continued weakness of business in
Germany.

Professor Thomas Bauer comments: "In view of the still unsatisfactory
development of the German market, we are satisfied with the positive
trend in sales of our construction business, which were generated
almost entirely outside of Germany. In 2006, the German construction
business was still suffering from the fact that costs rise faster
than revenues at the start of a recovery. This situation will change
in 2007."

The revenues of the international subsidiaries increased by around 35
percent, driven in particular by major projects in Canada, the Far
East - especially Malaysia, Indonesia and Hong Kong - and Eastern
Europe.

Strong growth in profitability in the Equipment segment

The most successful arm of the business in the year under review, the
Equipment segment, saw total revenues rise by 38 percent to EUR 463.4
million (previous year: EUR 335.7 million). This means the equipment
business now accounts for over 40 percent of total Group revenues.

"Based on our worldwide presence and our outstanding product range,
which sets the technology benchmark in virtually every sector, we
were able to further increase our market share and as a result grow
more rapidly than our competitors," asserts Professor Thomas Bauer.

Segment earnings before interest and taxes (EBIT) rose significantly
by more than 96 percent to EUR 60.7 million (previous year: EUR 30.9
million). This very good result was to a large extent down to the
fact that fixed costs increased much more slowly than sales.

In order to handle the high levels of orders received, the Group
began massively building up its capacities in Germany and
internationally during the year under review. New production
capacities were created, including in Russia, and existing facilities
at a number of locations in Germany, China and Italy were extended.

Dividend payment of EUR 0.50 per share planned

The Management Board of BAUER AG wishes the shareholders to
participate appropriately in the success of the business. Against
that background, the Management Board and Supervisory Board will
propose to the Annual General Meeting that a dividend of EUR 0.50 per
share be paid, corresponding to a payout of 25.1 percent of the
Group's consolidated profit after deducting minority interests.

Chairman of the Management Board Professor Thomas Bauer states: "2006
was a milestone in the over 200-year history of our business. We are
pleased by the success of our stock market listing, and by the strong
growth in the share price since issue, which reflects our outstanding
performance. This provides an excellent foundation for future
growth."

The stock market listing of BAUER AG was one of the most successful
of 2006. After being quoted at an issue price of EUR 16.75 on its
initial listing on July 4, 2006, the share had by September 18, 2006
already been admitted to the exclusive SDAX index. At a year-end
closing price of EUR 32.30, the share had virtually doubled in value
within six months. The share price has since risen further. The
closing price on April 23, 2007 was EUR 53.90 (Xetra). The Bauer
family represents the largest single shareholder block, holding 48
percent of the shares. Just under 52 percent of the shares are traded
in free float.

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, especially on the international stage. In the German
construction sector the improvement in the market situation has still
not yet been felt, though on current forecasts there will be an
upturn in the course of this year.

Bauer expects Group performance to continue improving in 2007.
Consolidated Group revenues will rise by well over 10 percent.
Earnings will be in line with that trend.

About Bauer

Bauer is a global provider of specialist foundation engineering and
related services as well as a leading international vendor 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 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 over two
thirds of its total revenues outside of Germany. Employing over 5,500
people, the Group's total revenues were EUR 980 million (previous
year: EUR 824 million) in 2006.

GROUP KEY FIGURES 2006 (IFRS)


| |2005 |2006 |Change |
| |in EUR |in EUR | |
| |million |million | |
|Total Group revenues*, |824.3 |979.9 |+ 18.9 % |
|of which | | | |
|-Germany |270.4 |282.2 |+ 4.4 % |
|-International |553.9 |697.7 |+ 26.0 % |
|-Construction |521.3 |575.5 |+ 10.4 % |
|-Equipment |335.7 |463.4 |+ 38.0 % |
|-Consolidation / Other |- 32.7 |- 59.0 |n/a |
|Consolidated revenues |770.0 |914.2 |+ 18.7 % |
|Shareholders' equity |148.5 |222.6 |+ 49.9 % |
|Equity ratio in % | 26.1 | 34.6 |n/a |
|Orders in hand |346.1 |422.4 |+ 22.0 % |
|EBITDA | 94.8 |123.2 |+ 29.9 % |
|EBIT, | 47.5 | 73.0 |+ 53.7 % |
|of which | | | |
|-Construction | 17.1 | 13.1 |- 23.4 % |
|-Equipment | 30.9 | 60.7 |+ 96.4 % |
|-Consolidation / Other | - 0.5 | - 0.8 |n/a |
|EBIT margin (EBIT / revenues|6.2 |8.0 |+ 29.0 % |
|in %) | | | |
|Net profit for the year** |19.5 |35.2 |+ 80.5 % |
|Earnings per share in EUR***|1.32 |2.17 |+ 64.4 % |
|Employees |5,155 |5,541 |+ 7.5 % |

* 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.

*** Basic and diluted, following share split.



end of announcement euro adhoc 25.04.2007 08:00:00
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ots Originaltext: Bauer AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bettina Mestenhauser
Head of 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
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


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