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

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DGAP-News: BAUER Aktiengesellschaft: Changes in the Management Board of BAUER AG

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09/26/2016 | 11:21am CEST
DGAP-News: BAUER Aktiengesellschaft / Key word(s): Change of Personnel
BAUER Aktiengesellschaft: Changes in the Management Board of BAUER AG

26.09.2016 / 11:19
The issuer is solely responsible for the content of this announcement.

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Schrobenhausen - In its most recent meeting, the Supervisory Board of the
international construction and machinery manufacturing concern appointed a
new member of the Management Board of BAUER Aktiengesellschaft, Peter
Hingott. He will take up his work on October 1 and will primarily be
responsible for Group accounting, Group-wide purchasing and human
resources.

"I am really looking forward to my new role. Moving from operative business
to the Management Board represents a new challenge where the right balance
has to be struck between strategic leadership and operative management,"
says Peter Hingott. "I see this as a great opportunity to play my part in
leading the Group to a successful future."

Peter Hingott, who studied construction management, started his career at
the Group in 2006 as commercial manager of BAUER Umwelt GmbH, where he was
managing director from 2007 to 2013. He has been commercial director of
BAUER Resources GmbH since 2013 and has also been responsible for various
regions and subsidiaries in the Resources segment. Before joining Bauer, he
held numerous executive positions for an international construction concern
and spent some years abroad.

Heinz Kaltenecker, who has been at Bauer for 38 years in total, the last
six of which was spent exclusively on the Management Board of BAUER AG, is
retiring at the end of the year. "It was an unbelievably exciting time full
of variety and changes," says Kaltenecker, who has been responsible for
participations, IT, human resources, safety and environment, and quality,
risk and process management. Some of his tasks will be assumed by Peter
Hingott. Toward the end of the year, the final responsibilities and tasks
will be determined.

"With Peter Hingott, we have gained an experienced and committed successor
for the Management Board from within our ranks," says Prof. Thomas Bauer,
Chairman of the Management Board of BAUER AG. "I would like to say a
special thank you to Heinz Kaltenecker, who in all the years has been with
us in various roles and incredibly helped shape the company's development."


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 carries out
foundation and excavation work, cut-off walls and ground improvements
worldwide. Bauer is a world 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 mineral deposit reserves.

Bauer profits 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 suitable solutions to the greatest problems in the world, such as
urbanization, the growing infrastructure needs, the environment and water,
oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen,
Bavaria. In 2015, it employed some 10,700 people in around 70 countries and
achieved total Group revenues of EUR 1.66 billion. BAUER Aktiengesellschaft
is listed in the Prime Standard of the German stock market.

More information can be found at 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
investor.relations@bauer.de
www.bauer.de


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26.09.2016 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

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   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:      investor.relations@bauer.de                                 
   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  
---------------------------------------------------------------------------

505303 26.09.2016

© DGAP, source Corporate News

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Financials (€)
Sales 2016 1 425 M
EBIT 2016 74,5 M
Net income 2016 22,0 M
Debt 2016 640 M
Yield 2016 1,38%
P/E ratio 2016 9,74
P/E ratio 2017 7,62
EV / Sales 2016 0,60x
EV / Sales 2017 0,56x
Capitalization 210 M
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Mean consensus HOLD
Number of Analysts 3
Average target price 14,3 €
Spread / Average Target 17%
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NameTitle
Thomas Bauer Chairman-Management Board
Klaus Reinhardt Chairman-Supervisory Board
Manfred Nußbaumer Member-Supervisory Board
Robert Feiger Vice Chairman-Supervisory Board
Elisabeth Teschemacher Member-Supervisory Board
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