EANS-News: BAUER Aktiengesellschaft / Bauer as yet virtually unaffected by financial crisis in first quarter

. Total Group revenues up 10.5 percent to EUR 375.3 million

. Profit after tax of EUR 11.0 million down EUR 1.4 million against
previous year
. Orders in hand stable in Construction and
Resources segments, down substantially in Equipment segment
.
Forecast for 2009 reaffirmed: total Group revenues of EUR 1.4 billion
and profit after tax at 2007 level

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Schrobenhausen, May 15, 2009 - (euro adhoc) - Construction and
machinery manufacturing concern BAUER Aktiengesellschaft remained as
yet virtually unaffected by the international financial crisis in the
first quarter of 2009.

In the first three months of the current financial year, Bauer
increased its total Group revenues by 10.5 percent to EUR 375.3
million. While earnings before interest, taxes, depreciation and
amortization (EBITDA) remained constant at EUR 38.3 million, earnings
before interest and taxes (EBIT) of EUR 23.3 million were EUR 2.1
million, or 8.4 percent, down against the previous year comparative.
After-tax earnings fell correspondingly by EUR 1.4 million, or 11.3
percent, to EUR 11.0 million. Bauer employed an average of 8,454
people worldwide through the first quarter, compared to an average of
8,674 people throughout 2008.

Business segments

The Construction segment made a good start to the new financial year.
With revenues of EUR 144.6 million, it could not quite match the
performance of the same quarter last year, falling back by 3.6
percent. By contrast, segment EBIT was a healthy 59.2 percent up, at
EUR 5.2 million.

With a 21.8 percent increase in revenues to EUR 220.5 million, the
Equipment segment performed well above expectations in the early
months of the year. Segment EBIT of EUR 20.3 million was some EUR 3.4
million down on the comparative previous year quarter.

The progress made by the Resources segment was pleasing. Revenues
increased by 37.4 percent to EUR 31.2 million, with Esau & Hueber
GmbH making a first-time contribution of EUR 2.2 million. Segment
EBIT improved slightly to EUR -1.2 million.

Orders in hand and outlook

At the end of the first quarter the Group held orders in hand
totalling EUR 536.2 million. This was 27.9 percent down against the
previous year comparative, and some 20 percent down against the end
of 2008. Whereas orders in the specialist foundation engineering
business stabilized from January to March 2009, and the trend in the
Resources segment is positive, substantial declines in production and
deliveries are forecast in the Equipment segment showing a
significantly regressive order backlog over the coming months as a
result of the market crisis.

"Like most other capital goods manufacturers, we are increasingly
living from hand to mouth," comments Chairman of the Management Board
Professor Thomas Bauer on the current situation. He nevertheless
remains confident: "The customer events we hosted in late April
showed that our customers are thinking about some interesting
projects for the future." BAUER AG traditionally holds an exhibition
every spring at its headquarters in Schrobenhausen, Bavaria, to
demonstrate its latest innovations. This year these events were
attended by some 2,800 industry specialists from all over the world -
more than in recent years - eager to take the opportunity to find out
about the latest developments and to exchange news and views with
colleagues. The response to the large rigs on show was particularly
positive.

There are bright prospects in the Resources segment based on a
long-term large- scale water treatment project in Oman. The
acquisition of the SITE Group in Jordan, agreed for the second
quarter of the year, will also deliver positive momentum. The company
is a specialist in deep-level well drilling for water and for oil and
gas.

The BAUER Group is also profiting in many countries from the series
of economic stimulus packages being implemented, specifically
targeting infrastructure construction projects.

On current estimates, the Group is able to reaffirm its 2009
full-year forecast: it expects total Group revenues of around EUR 1.4
billion and aims to achieve profit after tax around the 2007 level
(at that time EUR 74 million).

The full Interim Report can be found on the Internet at
http://www.bauer.de/en.

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 some 8,600 people, the
Group's total revenues in 2008 were EUR 1.53 billion (previous year:
EUR 1.2 billion). 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 - 1st Quarter 2009 (IFRS)

| |Q1/2008 |Q1/2009 |Change |
| |in EUR |in EUR million | |
| |million | | |
|Total Group revenues* |339.7 |375.3 |10.5 % |
|of which | | | |
|- Germany |74.6 |89.4 |19.9 % |
|- International |265.1 |285.9 |7.8 % |
|of which | | | |
|- Construction |150.0 |144.6 |-3.6 % |
|- Equipment |181.0 |220.5 |21.8 % |
|- Resources |22.7 |31.2 |37.4 % |
|- |-14.0 |-21.0 |n/a |
|Other/Eliminations/Consolidations | | | |
|Consolidated revenues |328.2 |362.5 |10.4 % |
|Sales revenues |261.4 |270.6 |3.5 % |
|Orders received |465.1 |239.9 |-48.8 % |
|Orders in hand |743.4 |536.2 |-27.9 % |
|EBITDA |38.3 |38.3 |0 % |
|EBITDA margin (as % of sales |14.7 % |14.2 % |n/a |
|revenues) | | | |
|EBIT |25.4 |23.3 |-8.4 % |
|EBIT margin (as % of sales |9.7 % |8.6 % |n/a |
|revenues) | | | |
|Net profit or loss** |12.4 |11.0 |-11.3 % |
|Shareholders' equity |289.8 |383.8 |32.4 % |
|Equity ratio in % |32.2 % |32.2 % |n/a |
|Earnings per share in EUR*** |0.70 |0.62 |-11.4 % |
|Employees |7,681 |8,454 |10.1 % |

* 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 Mestenhauser

Head of Investor Relations

Telefon: +49(0)8252 97 1918

E-Mail: investor.relations@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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