Brief: Bauer 9-month EBIT Down At EUR 48.5 Mln

Bauer AG

14/11/2019 06:05

Nov 14 (Reuters) - BAUER AG  B5AG.DE :
    * BAUER AKTIENGESELLSCHAFT: BAUER AG AFFECTED BY WEAK
BUSINESS IN
THE FAR EAST; ORDER BACKLOG AT A NEW HIGH
    * 9-MONTH TOTAL GROUP REVENUES HAVE REMAINED ALMOST
UNCHANGED AT
EUR 1,239.4 MILLION (PREVIOUS YEAR: EUR 1,235.8 MILLION)
    * 9-MONTH EBIT WAS EUR 48.5 MILLION DUE TO UNDERUTILIZATION
IN
CONSTRUCTION SEGMENT (PREVIOUS YEAR: EUR 56.8 MILLION).
    * 9-MONTH EARNINGS AFTER TAX WERE EUR -0.4 MILLION AND WERE
AFFECTED BY VALUATION OF INTEREST RATE HEDGING TRANSACTIONS
(PREVIOUS YEAR: EUR 13.1 MILLION).
    * ADJUSTED FULL-YEAR FORECAST ANNOUNCED IN SEPTEMBER 2019
HAS BEEN
CONFIRMED.

Source text for Eikon:  ID:nEQbStZla 
Further company coverage:  B5AG.DE 

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