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Wacker Neuson SE appoints new CEO

Today, the Supervisory Board of Wacker Neuson SE has named the successor to Mr. Cem Peksaglam (CEO), whose contract expires in August 2017. Mr. Martin Lehner, CTO and current Deputy CEO, has been appointed to the position.

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Mining the future - Positive Response to the 14th MiningForum in Berlin

More than 370 experts and decision makers met at this year's MiningForum on 1 and 2 June to learn about the latest trends in the raw materials industry, exchange views and expand their network for future cooperation. With stronger than ever international participation, the event welcomed visitors from 18 countries, including Canada, Chile, Finland, Australia and Mongolia.

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"Schrobenhausener Tage" Symposium on Renovation Projects, technical Innovations and changing Values

 

The "Schrobenhausener Tage" symposium was a complete success once again. Approximately 250 customers, partners and friends of the company accepted the invitation of Bauer Spezialtiefbau GmbH to attend the traditional "Schrobenhausener Tage" event in Schrobenhausen in mid-May. Dr. Tilo Klinner, director of foreign trade at Germany's Foreign Office, was among the guests. This year was the first time that attendees, who had traveled from all over Germany, were welcomed by Arnulf Christa, the new Managing Director of Bauer Spezialtiefbau GmbH. In keeping with a long-standing tradition, Walter Haus, member of the Management Board and head of the domestic business unit at Bauer Spezialtiefbau, hosted the event.

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Q1: Hochtief increases Net Profit by 40%

  • EUR 93 million operational net profit (+30% year on year), EUR 88 million nominal net profit (+40%)
    • Operational PBT margin at 3.8%, +20 bps yoy
  • Over EUR 100 million year on year improved net cash from op. activities
    • EBITDA cash conversion rate remains very high at 108% in last twelve months
    • Further reduction in seasonally typical cash outflow
  • EUR 341 million net cash position significantly positive (+ EUR 317 million yoy)
    • Net cash would stand at approximately EUR 1 billion, if adjusted for net investments and dividends in the last twelve months
  • EUR 45 billion order backlog (+23% yoy)
    • Order backlog at highest level since transformation initiated; +13% yoy excluding UGL
    • All divisions show double-digit yoy increases in order backlog
    • New orders rose to EUR 7.4 billion (+18% yoy)
  • First rating for the Group: BBB investment grade by Standard & Poor’s
  • Guidance confirmed: Operational net profit for 2017 of EUR 410–450 million (+13% to 25% yoy)
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In-house Exhibition of Bauer Maschinen Group expanded into new Dimension

 

Visitors from all over the world, innovations as far as the eye can see, and a unique family atmosphere – the in-house exhibition of the Bauer Maschinen Group is always something special. From 6 to 8 May, the event took place in the courtyard of Bauer's headquarters for the 21st time. Not surprisingly, a certain routine had set in over the years. But this year a lot was new. The idea was to be even closer to the customer. Or to put it another way: The idea was to bring the customer even closer to the machines.

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MiningForum: 1st and 2nd June 2017 in Berlin

For the 14th time, DMT is inviting members of the mining and natural resources sector to exchange knowledge and experience. The MiningForum, which has been hosted every two years since it began in 1991, offers participants, including the mining industry's decision makers and experts as well as specialists from the fields of science and research, a unique networking platform. This year's event is being held at the Estrel Berlin.

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Foundation Works on former Brewery Site: Bauer constructed the Excavation Pits for the Berlin Schultheiss Quartier

 

The German capital city is growing! With over 3.5 million inhabitants, Berlin is the biggest city in Germany and even decades after reunification, construction is still booming. New developments in the inner city are in particularly high demand. One such development is a 30,000 m² shopping and activity center in the Moabit district of Berlin Mitte – a once working-class district – on the grounds of the former Schultheiss brewery, steeped in tradition. The client, HGHI Schultheiss Quartier GmbH & Co. KG, is also building 6,000 m² state-of-the-art offices – almost half of which are listed as historical monuments. For the new-builds, Bauer Spezialtiefbau GmbH and JV partner Keller Grundbau GmbH constructed two complex excavation pits with a total area of 11,000 m² in confined inner-city conditions from May 2015 to November 2016.

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Bauer AG has started to turn its Business Operations around in 2016

  • Total Group revenues are EUR 1,586.1 million (previous year: EUR 1,656.4 million); sales revenues are up by 1.3 % to EUR 1,396.9 million (previous year: EUR 1,379.0 million)
  • Earnings after tax at EUR 14.4 million (previous year: EUR 29.0 million) are towards the top of the latest forecast range of about EUR 10 to 15 million
  • Order backlog is at a high level: growth of 1.3 % to EUR 1,008.1 million
  • Proposed dividend for 2016: EUR 0.10 per share
  • Forecast for 2017: Group expects total Group revenues of around EUR 1.7 billion, earnings after tax of around EUR 23 to 28 million and EBIT of around EUR 75 million.
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