EANS-News: BAUER Aktiengesellschaft / BAUER AG half-year performance hampered by weak machinery business and extraordinary effects

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Financial Figures/Balance Sheet/quarterly report/6-month report

Subtitle: • Total Group revenues up 9.6 percent to EUR 701.5 million
• Orders in hand up 16.0 percent to EUR 778.6 million • After-tax
result of EUR -3.1 million (previous year: EUR +5.6 million)
negatively impacted by extraordinary effects totalling EUR 7.5
million • Earnings forecast for 2012 adjusted

Schrobenhausen (euro adhoc) - Healthy levels of orders in hand and a
number of ongoing large-scale projects in the Construction and
Resources segments characterized the first half of the year for BAUER
Aktiengesellschaft. Earnings were hampered by the weak performance of
the Equipment segment as well as by some extraordinary effects.

Total Group revenues of the international construction and machinery
manufacturing concern for the half-year were in line with planning at
EUR 701.5 million, up 9.6 percent on the previous year comparative
period (EUR 639.9 million). Orders in hand increased by 16.0 percent
to EUR 778.6 million (previous year: EUR 671.1 million) thanks to
very positive trends in the Construction and Resources segments.
Half-year earnings are well down against the planned target. While
EBIT (earnings before interest and taxes) declined from EUR 28.3
million to EUR 19.0 million, an after-tax loss of EUR 3.1 million was
made (previous year: profit of EUR 5.6 million). A factor in this was
that approximately EUR 7.5 million in respect of expected losses from
large-scale projects in the Construction and Resources segments was
taken into account. Excluding those extraordinary effects, a net
profit of around EUR 3.8 million would have been made.

As a consequence, and in view of the weak machinery business, the
Group is adjusting its full-year after-tax profit forecast for 2012
to a figure between EUR 25 and 30 million. The previous forecast had
been around EUR 35 million. The forecast for total Group revenues
remains unchanged at EUR 1.45 billion. As a number of major projects
will be fully operational in the second half of the year, the Group
expects to see a positive trend in revenues through to the year-end.

Business segments

A number of major projects - especially in the Far East - drove total
Group revenues in the Construction segment up 18.4 percent in the
first half of the year, from EUR 270.5 million to EUR 320.3 million.
Segment EBIT rose from EUR 3.3 million to EUR 6.4 million. The
earnings growth was attributable to the improved ratio of fixed costs
to revenues resulting from the large number of projects in progress
all over the world.

The machinery business recorded much weaker sales than expected. In
the first half of the year the total Group revenues of the Equipment
segment fell 7.4 percent against the previous year comparative period
to EUR 291.2 million (previous year: EUR 314.4 million). There is a
measure of uncertainty and reluctance to place orders among customers
due to the problems being faced by many economies around the world.
Markets in Europe and China, especially, are in decline. Segment EBIT
fell by EUR 11.4 million to EUR 11.6 million.

The Resources segment saw positive growth, increasing its total Group
revenues by 29.4 percent to EUR 123.6 million (previous year: EUR
95.5 million). The segment's EBIT of EUR 1.0 million for the first
half-year is EUR 1.8 million down against the previous year
comparative. The on-going problems on the well drilling project in
Jordan, the company has taken into account.

Orders in hand

Group-wide orders in hand increased in the reporting period by 16.0
percent to EUR 778.6 million (previous year: EUR 671.1 million). "We
are currently seeing a very positive trend in order receipts in the
Construction and Resources segments," comments Chairman of the
Management Board Professor Thomas Bauer. "We have succeeded in
acquiring major projects in a number of regions around the world, and
we have good prospects to acquire more." Orders in hand in the
Construction segment totalling EUR 484.6 million are above the 2011
year-end level and 30.3 percent up on the previous year comparative
period. The Resources segment likewise has outstanding levels of
orders in hand, amounting to EUR 158.7 million. The level is below
the previous year comparative figure of EUR 180.3 million because of
the large-scale projects currently being handled. Orders in hand in
the Equipment segment totalling EUR 135.4 million are on the same
level as in the previous year comparative.

Our full Half-Year 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 for
ground and groundwater. The Group markets its products and services
all over the world. Its global spread allows it to remain largely
unaffected by fluctuating business cycles.

Its business is divided into three segments: Construction, Equipment
and Resources. The Construction segment carries out specialist
foundation engineering work for complex excavation pits and
foundations on major infrastructure and building projects all over
the world, installing cut-off walls and carrying out ground
improvement works as well as providing related project development
services. Bauer's Equipment segment, a world market leader, offers a
comprehensive range of construction machinery, equipment and tools
for the specialist foundation engineering sector as well as for other
underground drilling operations, such as for mines, water wells,
geothermal energy sources, and oil and gas extraction. The Resources
segment bundles the Group's activities in the fields of water,
energy, mineral resources and environmental technology.

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 around three quarters of its
total revenues outside of Germany. Employing some 9,700 people, the
Group's total revenues in 2011 were approximately EUR 1.4 billion
(previous year: EUR 1.3 billion). BAUER Aktiengesellschaft has been
listed on the official market of the Frankfurt Stock Exchange since
July 4, 2006 (Prime Standard, ISIN DE0005168108).

You can also visit us on YouTube: http://www.youtube.com/BAUERGruppe

GROUP KEY FIGURES - 1st half 2012 (IFRS)

| |H1 2011 |H1 2012 |Change |
| |in EUR million |in EUR million | |
|Total Group revenues |639.9 |701.5 |+9.6 % |
|of which | | | |
|- Germany |168.0 |177.7 |+5.8 % |
|- International |471.9 |523.8 |+11.0 % |
|of which | | | |
|- Construction* |270.5 |320.3 |18.4 % |
|- Equipment* |314.4 |291.2 |-7.4 % |
|- Resources |95.5 |123.6 |+29.4 % |
|- Other/Consol. |-40.5 |-33.6 |n/a |
|Consolidated revenues |626.1 |678.7 |+8.4 % |
|Sales revenues |550.1 |605.4 |+10.1 % |
|Orders received |696.1 |730.1 |+4.9 % |
|Orders in hand |671.1 |778.6 |+16.0 % |
|EBITDA |68.3 |63.4 |-7.2 % |
|EBITDA margin (as % of sales |12.4 % |10.5 % |n/a |
|revenues) | | | |
|EBIT (earnings before interest |28.3 |19.0 |-32.8 % |
|and taxes) | | | |
|EBIT margin (as % of sales |5.1 % |3.1 % |n/a |
|revenues) | | | |
|Net profit or loss |5.6 |-3.1 |n/a |
|Shareholders' equity |425.2 |462.0 |+8.6 % |
|Equity ratio |29.4 % |28.3 % |n/a |
|Earnings per share in EUR |0.26 |-0.13 |n/a |
|Employees (on average over the |9,656 |10,126 |+4.9 % |
|year) | | | |

* Previous year figures adjusted

Further inquiry note:
Christopher Wolf
Investor Relations
Tel.: +49 8252 97 1797
E-Mail: christopher.wolf@bauer.de

end of announcement euro adhoc
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company: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1797
FAX: +49 (0)8252-97-2900
mail: investor.relations@bauer.de
WWW: http://www.bauer.de
sector: Construction & Property
ISIN: DE0005168108
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English