-Bauer: Plummets after 2019 forecast cut

Bauer AG

19/09/2019 08:18

** Shares in German construction and machinery group Bauer
 B5AG.DE  plummet 15% and are on track for their worst
single-day percentage fall in nearly six years
    ** The company lowers its FY EBIT forecast to about EUR 70
mln from previously expected about EUR 95 million  urn:newsml:reuters.com:*:nASP00170N 
    ** It cites "poor" capacity utilization due to project
postponements, leading to "significantly worse earnings" in some
countries of its international construction business in H2

 ((anna.jaworska-guidotti@tr.com))