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Bauer reports record order level

Bauer has announced that its order backlog is up over 30% on this time last year and has broken the €1bn (£700M) barrier for the first time in the company’s history.

The company made the announcement as part of its latest trading statement in which it reported that revenues are up 2.7% to €1.19bn (£830M) for the first three quarters of the year compared to the same period last year, however profits are slightly behind those recorded in 2014.

Bauer has reported that its construction division has seen growth in all regions of the world with a 4% increase in revenues on 2014 reported. Profitability of the group has been affected by delays in the Centre Hill Dam project in the US but the company also reported a 23.9% increase in order backlog.

“On the one hand, we have to shoulder the expenditures of the restructuring measures. On the other hand, we have a very good order backlog, and there are additional favourable opportunities for the future,” said Bauer Aktiengesellschaft chairman of the management board Thomas Bauer.

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