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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Wright Reports
Provider: Sadif Analytics Prime

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BAUER AG Lowers FY 2013 Guidance

Thursday, 1 Aug 2013 12:30pm EDT 

BAUER AG announced that it has had to adjust its forecast for the 2013 financial year due to delays in projects in the Construction area, reduced margins in the equipment segment and weaker than anticipated business in the Resources segment. BAUER AG therefore assumes that it will not be possible to achieve the forecast given before. Previously, Group revenues of more than EUR 1.5 billion, profit after tax of about EUR 30 million and EBIT of approximately EUR 85 million had been anticipated. The Company thus expects to achieve total Group fiscal year 2013 revenues of approximately EUR 1.5 billion, EBIT amounting to approximately EUR 70 million and profit after tax of approximately EUR 20 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 1,6215.34 million, net income of EUR 31.88 million, and EBIT of EUR 84.76 million. 

Company Quote

-0.76 -4.66%
30 Apr 2015