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4-Traders Homepage  >  Equities  >  Xetra  >  BAUER AG    B5A   DE0005168108

BAUER AG (B5A)
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BAUER Aktiengesellschaft: BAUER Group commissioned to expand the world's biggest constructed wetland treatment plant in Oman

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11/21/2017 | 02:25pm CET

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Incoming Orders/Contract
BAUER Aktiengesellschaft: BAUER Group commissioned to expand the world's biggest constructed wetland treatment plant in Oman

21.11.2017 / 14:19
The issuer is solely responsible for the content of this announcement.


Schrobenhausen - In October 2017 the BAUER Group was awarded the contract to expand the world's biggest industrial constructed wetland in the Sultanate of Oman on behalf of Petroleum Development Oman (PDO), the leading oil and gas exploration and production company in the country. The plant's first stage was completed in 2011 by the local subsidiary of BAUER Resources GmbH (BAUER Nimr LLC). The flagship project for treating contaminated water from oil extraction in the Sultanate of Oman in Nimr has won numerous international awards for excellence in sustainability, innovation and safety.


The innovative wetland treatment technology is unique in utilizing gravity-flow and natural processes to remove a heavy load of hydrocarbons from the water. The facility is remarkable for its size, covering 10.5 km2. In addition to the excellent treatment performance, with the hydrocarbon content in water being reduced to below 0.5 ppm at the outlet of the wetlands, almost 95 % of the crude oil entering the facility is recovered or removed without the use of electricity or chemicals. Following an expansion in 2014, 115,000 m3 can now run through the plant every day. Furthermore, the desert site has been converted into a home to more than 140 species of animals, including a multitude of birds, fish and reptiles.


The commissioned expansion will now see the plant's capability being expanded by 60,000 m3 per day to reach a total capacity of 175,000 m3 per day. BAUER Nimr LLC will be responsible for designing, constructing and operating the plant until 2044. The entire project is worth over EUR 160 million, whereof the construction works amount to about one-quarter of the total volume. Construction will be finished by the end of 2019, after which Bauer will operate the plant on a 25-year basis.


"The Nimr water treatment plant in Oman is one of our most innovative and significant projects in the Resources segment and the Group as a whole," according to Prof. Thomas Bauer, Chairman of the Management Board of BAUER AG. "The outstanding cooperation with our partners in the company in Oman and the work accomplished will enable us to continue on this path of joint success and build on it."

 

About Bauer

The BAUER Group is a leading provider of services, equipment and products related to ground and groundwater. With over 110 subsidiaries, Bauer operates a worldwide network on all continents.

The operations of the Group are divided into three future-oriented segments with high synergy potential: Construction, Equipment and Resources. The Construction segment offers new and innovative specialist foundation engineering services alongside the established ones, and it carries out foundation and excavation work including cut-off walls and ground improvements on a worldwide basis. Bauer is a global market leader in the Equipment segment and provides a full range of equipment for specialist foundation engineering as well as for the exploration, mining and extraction of natural resources. In the Resources sector, Bauer focuses on highly innovative products and services in the areas of water, environment and natural resources.

Bauer benefits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of products and services for demanding projects in specialist foundation engineering and related markets. Bauer therefore offers appropriate solutions for the world's major challenges, such as urbanization, growing infrastructure needs, the environment, and water, oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2016 it employed some 10,800 people in around 70 countries and achieved total Group revenues of EUR 1.6 billion. BAUER Aktiengesellschaft is listed in the Prime Standard of the German stock market.

More information can be found at http://www.bauer.de.


Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
[email protected]
www.bauer.de


21.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Germany
Phone: +49 (0)8252 97 1218
Fax: +49 (0)8252 97 2900
E-mail: [email protected]
Internet: www.bauer.de
ISIN: DE0005168108
WKN: 516810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

631465  21.11.2017 

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© EQS 2017
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Financials (€)
Sales 2017 1 638 M
EBIT 2017 77,0 M
Net income 2017 25,0 M
Debt 2017 621 M
Yield 2017 0,64%
P/E ratio 2017 21,14
P/E ratio 2018 15,05
EV / Sales 2017 0,70x
EV / Sales 2018 0,67x
Capitalization 525 M
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Mean consensus HOLD
Number of Analysts 4
Average target price 26,9 €
Spread / Average Target -12%
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Managers
NameTitle
Thomas Bauer Chief Executive Officer
Klaus Reinhardt Chairman-Supervisory Board
Hartmut Beutler Chief Financial Officer
Manfred Nußbaumer Member-Supervisory Board
Robert Feiger Vice Chairman-Supervisory Board
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