BAUER AKTIENGESELLSC

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DGAP-Adhoc : BAUER Aktiengesellschaft: Preliminary earnings figures for the 2020 financial year significantly higher than the forecast and market expectations

03/01/2021 | 12:03pm
DGAP-Ad-hoc: BAUER Aktiengesellschaft / Key word(s): Preliminary Results/Forecast 
BAUER Aktiengesellschaft: Preliminary earnings figures for the 2020 financial year significantly higher than the 
forecast and market expectations 
01-March-2021 / 18:00 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Schrobenhausen, Germany - According to the preliminary business figures available as of today, BAUER AG (ISIN: 
DE0005168108) concluded the 2020 year with better earnings figures than anticipated, and the EBIT in particular 
significantly outperformed the last issued forecast as well as the market expectations. Total Group revenues were 
somewhat lower than the latest published expectations. In the financial year gone by, the BAUER Group was significantly 
affected by the consequences of the coronavirus pandemic primarily in the Construction and Equipment segments. 
Nevertheless, performance was better than anticipated during the last weeks in particular, especially in the Equipment 
segment. 
The last forecast issued by the Group for the 2020 financial year expected total Group revenues of around EUR 1.5 
billion, EBIT approximately the same as the previous year (2019: EUR 22.5 million) and negative earnings after tax that 
were nevertheless anticipated to be significantly better than the previous year and better than EUR -20 million. 
Based on the preliminary calculations currently available, which have yet to be audited, the BAUER Group achieved Total 
Group revenues for the 2020 financial year of about EUR 1.4 billion, EBIT of about EUR 56 million and earnings after 
tax of about EUR -8 million. 
It should be noted that the calculation of EBIT was adjusted based on a recommendation from the German Financial 
Reporting Enforcement Panel (Deutsche Prüfstelle fur Rechnungslegung, DPR e.V.) and also includes the share of the 
profit or loss of associated companies accounted for using the equity method, since the 2020 annual financial 
statements. Without this adjustment, EBIT would be about EUR 46 million and thus also significantly higher than the 
last issued forecast and the market expectations. 
The Group's order backlog performed very well, at approximately EUR 1,160 million at the end of 2020 (previous year: 
EUR 1,027.6 million). Net debt also continued to improve significantly. 
The complete and audited business figures for 2020 as well as the forecast for the 2021 financial year will be 
published on April 13, 2021. 
The methods for calculating the total Group revenues can be found in the notes to the 2019 Annual Report on p. 94: 
https://www.bauer.de/export/shared/documents/pdf/investor_relations/annual_report/annual_report_2019_en_i.pdf 
Contact: 
Christopher Wolf 
Investor Relations 
BAUER Aktiengesellschaft 
BAUER-Strasse 1 
86529 Schrobenhausen, Germany 
Phone: +49 8252 97-1797 
Fax: +49 8252 97-2900 
investor.relations@bauer.de 
www.bauer.de 
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01-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      BAUER Aktiengesellschaft 
              BAUER-Straße 1 
              86529 Schrobenhausen 
              Germany 
Phone:        +49 (0)8252 97 1218 
Fax:          +49 (0)8252 97 2900 
E-mail:       investor.relations@bauer.de 
Internet:     www.bauer.de 
ISIN:         DE0005168108 
WKN:          516810 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1172143 
 
End of Announcement  DGAP News Service 
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1172143 01-March-2021 CET/CEST

(END) Dow Jones Newswires

March 01, 2021 12:02 ET (17:02 GMT)

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