DGAP-News: BAUER Aktiengesellschaft
/ Key word(s): Quarterly / Interim Statement/Quarter Results
BAUER Aktiengesellschaft: Start of the year in line with expectations and considerably improved order situation compared to the previous year
12.05.2021 / 07:00
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- At EUR 356.6 million, total Group revenues were below the first quarter of 2020 (EUR 390.2 million) due to the COVID-19 pandemic
- EBIT with EUR 1.8 million correspondingly below the previous year's value (EUR 8.5 million)
- Very significant increase in order backlog by 21.0% to EUR 1,322.1 million (previous year: EUR 1,092.7 million)
- Forecast 2021 confirmed
Schrobenhausen, Germany - The BAUER Group started off 2021 in line with expectations. Compared with the first quarter of 2020, which was not yet influenced by the COVID-19 pandemic, the company reported a decrease in total Group revenues by 8.6% to EUR 356.6 million (previous year: EUR 390.2 million). Accordingly, earnings before interest and tax (EBIT) at EUR 1.8 million (previous year: EUR 8.5 million) remained within the range of expectations.