Successful Annual General Meeting: BAUER AG Executive Board looks ahead

Schrobenhausen, Germany – Schrobenhausen – BAUER AG held its Annual General Meeting today at its headquarters in Schrobenhausen. Around 300 shareholders, guests, and media representatives were in attendance to hear firsthand about the company's developments and prospects.

The two new members of the Executive Board, Lena Effinger and Klaus Pöllath, addressed the plenary session for the first time. Together, they provided an overview of business development in 2024 and the current year and gave an outlook for the future. Despite the tense global economic and geopolitical situation, the Executive Board members were generally confident: “The high volatility on the global markets and geopolitical uncertainties present us with major challenges and also create uncertainty for our business. However, with creativity, passion, and perseverance, we will stay on course together, even in stormy times,” the Executive Board declared in unison.

Looking back on the past year, the BAUER Group reported encouraging developments: Total Group revenues rose significantly to EUR 2,183.4 million, which was also due in large part to the completion of a major project in the Geotechnical Solutions segment. At EUR 89.1 million, EBIT was on par with the previous year's figure of EUR 89.0 million. The company also recorded a positive development in its key balance sheet figures last year. Despite the increase in Group revenues, total assets remained virtually unchanged at EUR 1,683.6 million. At the same time, net debt was further reduced to EUR 375.3 million. The ratio of net financial liabilities to EBITDA fell to 1.68 – a new historic low.

The Executive Board reported a solid start to the current fiscal year. The current trend in the Geotechnical Solutions and Resources segments is positive, whereas the Equipment segment had a weaker start to the year but is expected to catch up thanks to higher demand. Overall, the Executive Board continues to expect that the forecast for total Group revenues given in the 2024 annual report will be achieved. This forecast anticipates a significant decline in total Group output due to the completion of a major project in the previous year.

In addition, the report covered current investment projects, including at the Aresing site near the headquarters in Schrobenhausen, where an additional hall with around 20,000 m² of space for optimizing assembly and (parts) storage is to be built, along with an office building with social areas. Construction is scheduled to begin this year.