Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Equipment sales dampen Bauer results

Bauer has reported rising revenues in its first half results, despite a weaker than expected contribution from its ground engineering equipment business.

The company reported a 9.6% rise in sales for the first six months of this year, compared to the same period in 2011, to reach €701.5M (£551M). Orders were also up 16% for the period to €778.6M (£612M). However, sales from the company’s machinery division were weaker than expected and have lead the company to revise down its full year profits forecast from €35m (£27.5M) to between €25M and €30M (£19.6M and £23.6M), although revenues are still expected to be €1.45bn (£1.14bn) for the full year due to the start of work on a number of major projects.

Sales in the equipment division fell 7.4% in the first half of 2012, compared to last year, to €291.2M (£229M). In a statement, Bauer said: “There is a measure of uncertainty and reluctance to place orders among customers due to the problems being faced by many economies around the world. Markets in Europe and China, especially, are in decline.”

Bauer also said that while its resources division had seen positive growth in the last six months profits had been impacted by “on-going problems on the well drilling project in Jordan”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.