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

  • Latin America construction machine demand to grow
    December 15, 2017
    Demand in Latin America for heavy construction equipment is expected to continue growing - Allied Market Research reports. Latin America is set to see strong growth in demand for construction machines. This is according to a new report published by Allied Market Research, called Latin America Heavy Construction Equipment Market by Equipment, Application, and End User: Opportunity Analysis and Industry Forecast, 2014-2022. The report shows that the market size for Latin America’s off-highway equipment sector
    Read More
  • Road user subscriptions will fund the road ecosystems of the future says ERF Lab
    December 14, 2018
    The highway of the future will not be a physical asset created and maintained by the construction industry … it will increasingly be seen as part of an emerging global services sector. “Every day we hear about Mobility as a Service (MaaS), but what about Roads as a Service?” says Christophe Nicodème, general director of the European Union Road Federation (ERF). “The role of the road is changing. We need to think much more carefully about planning (highway) infrastructure in terms of people’s needs. We must
    Read More
  • Strong performance for UK construction machinery segment
    September 12, 2022
    The UK has recorded a strong performance the UK construction machinery segment.
    Read More
  • VDMA reports increase in German equipment sector
    July 22, 2014
    A report from the German construction and building equipment manufacturer’s association, the VDMA, reveals steady sales for 2014. According to the report, German manufacturers of construction equipment are expecting to see a growth of 5% throughout 2014. In 2013, sales for the entire industry reached €11.7 billion. “This forecast is, however, based on several different backgrounds,” said Sebastian Popp, the VDMA’s expert on economics explains the situation. He explained that with construction equipment, th
    Read More

Highlighted Content