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

  • 2011 turnover rise for German construction equipment firms
    March 16, 2012
    Turnover in Germany’s construction equipment and building material machinery industry rose by 17% in 2011 to US$16.72billion (€12.6billion).
    Read More
  • Growth coming for Asian construction market
    September 4, 2018
    A new report produced by research specialist GlobalData predicts continued growth for Asia’s construction market. According to the report, construction in the ASEAN region will grow by over 6% annually over next five years. The report has been published to coincide with the INTERMAT ASEAN 2018 and Concrete Asia 2018 trade shows for construction, infrastructure and concrete sectors. The data suggests that construction output in the member states of the Association of South-East Asian Nations (ASEAN) would ex
    Read More
  • Wacker Neuson wants to grow in the US
    January 6, 2017
    Wacker Neuson’s preliminary results make promising reading, with group revenue rising by 6% in 2013 to €1,160 million. Since 2009, revenue has almost doubled, rising from €597m. Speaking at Conexpo, CEO Cem Peksaglam stated the group’s intent to grow its business outside Europe: “Over 70% of our revenues are in Europe, but that proportion has been falling for the past two years, which is strategically important,” he said, “because in the long-term, we believe that the European share will fall to 50-55% and
    Read More
  • Wacker Neuson wants to grow in the US
    March 7, 2014
    Wacker Neuson’s preliminary results make promising reading, with group revenue rising by 6% in 2013 to €1,160 million. Since 2009, revenue has almost doubled, rising from €597m. Speaking at Conexpo, CEO Cem Peksaglam stated the group’s intent to grow its business outside Europe: “Over 70% of our revenues are in Europe, but that proportion has been falling for the past two years, which is strategically important,” he said, “because in the long-term, we believe that the European share will fall to 50-55% and
    Read More

Highlighted Content