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Bauer AG has a significant Revenue Increase in the first Half of 2017

  • Total Group revenues increased by 21.1% to EUR 916.4 million; sales revenues grew by 27.8% to EUR 830.2 million
  • EBIT increased by 39.7% to EUR 25.7 million (previous year: EUR 18.4 million); earnings after tax are already positive at EUR 0.1 million (previous year: EUR -7.9 million)
  • Order backlog with EUR 1,044.7 million (previous year: EUR 1,010.2 million) still at a high level.
  • Forecast for total Group revenues raised from about EUR 1.7 billion to about EUR 1.8 billion.
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Sandvik essential Equipment on major Hong Kong Infrastructure Development

The Liantang/Heung Yuen Wai Boundary Control Point (BCP for short) is a series of infrastructure projects that will see the construction of the seventh land crossing between Shenzhen in China and Hong Kong. This will see the construction of highways and tunnels as well as other significant infrastructure programs. Playing a significant role is an array of crushing and drilling equipment from Sandvik Mining and Rock Technology, all supported by Sandvik’s Hong Kong office.

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Bartec and eVision enter into Global Partnership

In a clear push towards mobile innovation, Bartec and eVision announce a global agreement for the delivery of rugged, intrinsically safe devices. This partnership ensures worldwide distribution and support of eVision’s suite of mobile Control of Work applications on Bartec’s explosion-proof mobile devices.

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Bauer AG's nine-month Figures behind Expectations

  • Total Group revenues are down by 4.1 % to EUR 1,146.3 million;
  • EBIT improves by 4.4 % to EUR 38.0 million (previous year: EUR 36.4 million); Earnings after tax are EUR -4.0 million (previous year: EUR -2.7 million).
  • The order backlog remains stable at a high level of EUR 1,019.0 million
  • The full-year forecast has been corrected.
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Caterpillar Chairman and CEO to retire next Year

After more than 41 years with Caterpillar Inc. (NYSE: CAT), Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017. During his time as Chairman and CEO, Oberhelman has reinvigorated the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenue peak in its 91-year history in 2012, and, since that time, has successfully led the company through the unprecedented downturn affecting our key industries.

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ABB Rope Shovel continuously energized

Since the partnership was launched almost ten years ago, ABB has equipped 75 shovel excavators of world market leader Joy Global Surface Mining Equipment, Milwaukee (U.S.A.) with ACS800 low-voltage drive systems that are particularly modified for mining operations.

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SMT Scharf and Mühlhäuser found strategic Partnership in Tunnel Market

SMT Scharf GmbH, Hamm, a wholly-owned subsidiary of SMT Scharf AG (WKN 575198, ISIN DE0005751986), has concluded a cooperation agreement with Mühlhäuser GmbH of Freienbach, Switzerland. Exclusive marketing and sales by Mühlhäuser of a jointly developed logistics solution for tunnel applications worldwide forms the core of the strategic partnership.

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