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

  • Deutz is bullish with strong performance
    April 27, 2017
    Deutz has announced promising preliminary results for the first quarter of 2017. The firm claims a successful start to the 2017 financial year, with a marked increase in new orders and revenue, as well as an improved operating profit. New orders hit €403.2 million, a 23.2% increase on the first three months of last year when the figure was €327.3 million. In addition, the performance represents a 23.6% gain over the fourth quarter of 2016 when the figure was €326.1 million. At 37,153 engines, unit sales wer
    Read More
  • Telematics could be an area for John Deere and Wirtgen resource sharing
    April 20, 2018
    The gods were smiling on the Wirtgen Group for the company’s Road Technology Days 2018 event. This year it was held in summer-like weather at the recently expanded Voegele plant near Mannheim in Germany. Within days the season dramatically changed from dreary chilly late winter to high temperatures, just in time to bathe the amassed demonstration equipment and the 4,000 guests in summer sunshine. But there won’t be any such dramatic changes within the Wirtgen Group, according to Domenic Ruccolo. After 28
    Read More
  • Liebherr sees strong performance
    February 28, 2012
    Liebherr reports steady growth in 2010, with turnover increasing 9%, a growth in its workforce and company investments of €544.1 million.
    Read More
  • Manitou reports good performance for 2015
    February 2, 2016
    French telehandler manufacturer Manitou reports good sales for its fourth quarter in 2015. The firm achieved sales of €333 million for its fourth quarter in 2015, an 8% increase over the same period in 2014. Meanwhile sales for the full-year were also up by 3% in 2015 at €1.287 billion compared with the full-year for 2014. The order intake for its equipment in the fourth quarter of 2015 hit €322 million compared with €298 million in the same period in 2014. And the order book at the end of the fourth quarte
    Read More

Highlighted Content