Bauer AG - AGM Information 2017 | FinancialReports.eu

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Corporate | 29 June 2017 14:40

BAUER Aktiengesellschaft: BAUER AG looks ahead optimistically at the Annual General Meeting

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Dividend/AGM/EGM

29.06.2017 / 14:40

The issuer is solely responsible for the content of this announcement.

– All proposed resolutions passed by large majorities

– Slightly reduced dividend of EUR 0.10 per share resolved

– Continuously good order situation despite difficult global political landscape

Schrobenhausen – BAUER Aktiengesellschaft held its ordinary Annual General Meeting today at its headquarters in Schrobenhausen, Upper Bavaria. Around 450 shareholders, shareholder representatives and guests participated on site and were informed of the company’s development, which most recently initiated a positive turnaround in business operations. About 59 percent of the company’s share capital was present at the Annual General Meeting.

The shareholders approved all agenda items put to the vote by a large majority and thus lent their support to the proposals of the company management. Among other things, they voted for a EUR 0.10 dividend per share, which was slightly less than the previous year. “We want to let our shareholders participate in earnings”, said Prof. Thomas Bauer, Chairman of the Management Board of BAUER AG. “Due to the group’s lower earnings after tax and to protect our equity, we are distributing slightly less than in 2016.” Despite this however, the dividend quota – the ratio of dividend to the earnings per share – increased by 8.7 percent to 15.2 percent.

Prof. Thomas Bauer reported on ongoing company projects around the world at the Annual General Meeting and on the current business trend. As early as the first quarter, BAUER Group’s development was significantly better than that of the previous year. “We have a decent growth in the order backlog in construction and continue to have a good order intake in the Equipment segment. On the whole, the Group’s development of revenues is very positive and is furthermore well above the previous year”, said Bauer.

However, he also warned against overly euphoric expectations. “Working as an international company across the globe has not become any easier,” explained Bauer, referring to crisis points such as in the Middle East. The risk is still present that countries or entire regions will develop differently than previously thought. Protectionism, pursued by individual states such as the USA, also contributes to this uncertainty. Therefore the goal for the BAUER Group is to continue to push forward the turnaround in order to sustainably improve earnings again, stated Bauer.

The voting results, the presentation of the Chairman of the Management Board and other documents relating to the Annual General Meeting, can be found in the Investor Relations area of the website at www.bauer.de .

About Bauer

The BAUER Group is a leading provider of services, equipment and products related to ground and groundwater. With over 110 subsidiaries, Bauer operates a worldwide network on all continents.

The operations of the Group are divided into three future-oriented segments with high synergy potential: Construction, Equipment and Resources. The Construction segment offers new and innovative specialist foundation engineering services alongside the established ones, and it carries out foundation and excavation work including cut-off walls and ground improvements on a worldwide basis. Bauer is a global market leader in the Equipment segment and provides a full range of equipment for specialist foundation engineering as well as for the exploration, mining and extraction of natural resources. In the Resources sector, Bauer focuses on highly innovative products and services in the areas of water, environment and natural resources.

Bauer benefits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of products and services for demanding projects in specialist foundation engineering and related markets. Bauer therefore offers appropriate solutions for the world’s major challenges, such as urbanization, growing infrastructure needs, the environment, and water, oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2016 it employed some 10,800 people in around 70 countries and achieved total Group revenues of EUR 1.6 billion. BAUER Aktiengesellschaft is listed in the Prime Standard of the German stock market.

More information can be found at http://www.bauer.de .

Contact:

Christopher Wolf

Investor Relations

BAUER Aktiengesellschaft

BAUER-Strasse 1

86529 Schrobenhausen, Germany

Phone: +49 8252 97-1797

Fax: +49 8252 97-2900

[email protected]

www.bauer.de

29.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	BAUER Aktiengesellschaft
	BAUER-Straße 1
	86529 Schrobenhausen
	Germany
Phone:	+49 (0)8252 97 1218
Fax:	+49 (0)8252 97 2900
E-mail:	[email protected]
Internet:	www.bauer.de
ISIN:	DE0005168108
WKN:	516810
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange