Bauer records high group revenue growth for Q3 at 22%

Bauer, equipment maker for ground investigation work, reports third quarter 2017 total group revenue up 22% on the previous year to just over €1,398 million. The German company said sales revenues increased by 27.5% to €1,265.6 million. However, the order backlog was €977.3 million that, while still high, was down from €1,019.0 million the previous year. This was due to a high double-digit million order backlog taken off the books after the sale of shares in a real estate company at the end of 2016.
November 15, 2017 Read time: 2 mins

8350 Bauer, equipment maker for ground investigation work, reports third quarter 2017 total group revenue up 22% on the previous year to just over €1,398 million.

The German company said sales revenues increased by 27.5% to €1,265.6 million.

However, the order backlog was €977.3 million that, while still high, was down from €1,019.0 million the previous year. This was due to a high double-digit million order backlog taken off the books after the sale of shares in a real estate company at the end of 2016. “Without this effect, the orders in hand were higher than the previous year's level,” the company said.

The Bauer group operates through more than 110 subsidiaries in 70 countries. The group’s three business segments have developed differently over the past year. Construction and resources segments remained behind expectations with their earnings, but the equipment segment showed a “significant increase”.

The company confirms its forecast for the year, which it had slightly raised in August with respect to total group revenues. Predicted total group revenues are around €1.8 billion.

"The construction segment is showing continued stable growth worldwide and the demand for complex specialist foundation engineering projects will continue to grow due to the continuing urbanisation and the rising complexity of infrastructures,” said Thomas Bauer, group chairman.

Finance & Funding

For more information on companies in this article

Related Content

  • Set the ALARM for repairs in England and Wales
    January 10, 2019
    More than 3,900km of roads in England and Wales will need essential maintenance within the next year, according to the annual ALARM survey* Cash-strapped local governments are reporting that the gap between the funds they received and the amount they needed for repairs and maintenance was almost €639 million. This equated to an average shortfall of €3.75 million for every authority. It would take 14 years to get local roads back into a reasonable steady state, but only if adequate funds and resources wer
    Read More
  • UK construction machine exports growth
    August 23, 2016
    The latest figures from the UK’s Construction Equipment Association (CEA) show that exports of machines continued to show modest growth in Q2 2016. This continued to reverse the declining trend seen in 2015, which reflected poor demand in many major overseas markets according to the CEA. Measured in volume terms (tonnes), exports showed 6.1% growth in Apr/Jun compared with Jan/Mar 2016. However, compared with the same quarter in 2015, Apr/Jun was still 10.3% below last year’s level. For the first half year,
    Read More
  • Slow start in 2024 for Wacker Neuson
    May 8, 2024
    Wacker Neuson has seen a slow start in 2024 for sales.
    Read More
  • Caterpillar reports strong performance for first quarter
    April 28, 2017
    Caterpillar is reporting a strong financial performance for its first quarter results for 2017. The company has revealed higher year-over-year sales and revenues for first time in 10 quarters. The first-quarter sales and revenues were up from 2016, while the firm saw an outstanding operational performance in this period. The full-year sales and revenues outlook meanwhile has been raised to a range of US$38 billion to $41 billion.
    Read More

Highlighted Content