View ValuationBAUER 향후 성장Future 기준 점검 3/6BAUER (는) 각각 연간 37.9% 및 5.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 37.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11.5% 로 예상됩니다.핵심 정보37.9%이익 성장률37.81%EPS 성장률Construction 이익 성장11.1%매출 성장률5.2%향후 자기자본이익률11.50%애널리스트 커버리지Low마지막 업데이트30 Jun 2026최근 향후 성장 업데이트공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.모든 업데이트 보기Recent updates분석 기사 • Jun 24Solid Earnings May Not Tell The Whole Story For BAUER (HMSE:B5A0)BAUER Aktiengesellschaft's ( HMSE:B5A0 ) healthy profit numbers didn't contain any surprises for investors. However the...New Risk • Jun 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Large one-off items impacting financial results.공시 • Jun 22BAUER Aktiengesellschaft, Annual General Meeting, Jul 29, 2026BAUER Aktiengesellschaft, Annual General Meeting, Jul 29, 2026, at 09:00 W. Europe Standard Time.Reported Earnings • Jun 18Full year 2025 earnings released: EPS: €0.26 (vs €0.21 in FY 2024)Full year 2025 results: EPS: €0.26 (up from €0.21 in FY 2024). Revenue: €1.68b (down 18% from FY 2024). Net income: €11.2m (up 23% from FY 2024). Profit margin: 0.7% (up from 0.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.New Risk • May 11New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Large one-off items impacting financial results.분석 기사 • Jan 09BAUER (HMSE:B5A0) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...New Risk • Nov 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results.공시 • Jun 02BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025, at 10:00 W. Europe Standard Time.Buy Or Sell Opportunity • May 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to €6.75. The fair value is estimated to be €5.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.09% per annum. Earnings are forecast to grow by 38% per annum over the same time period.분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.85, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 51% over the past year.New Risk • Feb 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change).New Risk • Nov 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.70, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 2.7% over the past year.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.87, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 12% over the past year.분석 기사 • Sep 20BAUER (HMSE:B5A) Has Some Way To Go To Become A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...공시 • Aug 09BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.공시 • Nov 09Bauer Announces Changes in the Supervisory BoardBAUER AG announced that with effect from November 2, 2023, Mr. Alfons Doblinger joined the Supervisory Board a shareholder representative. With the significantly increased shareholding that SD Thesaurus GmbH and Doblinger Beteiligung GmbH have acquired in BAUER AG since the delisting tender offer, these shares are now also adequately represented on the Supervisory Board on the shareholder representatives' side. Ms. Sabine Doblinger has been a member of the Supervisory Board since 2021. Ms. Andrea Teutenberg left the Supervisory Board when Mr. Alfons Doblinger joined. Ms. Teutenberg has intensively accompanied BAUER AG in her office since 2016, for which the Executive Board and the members of the Supervisory Board would like to thank her warmly and wish her all the best for her future. In addition, there will be a change at the top of the Supervisory Board of BAUER AG. The long-standing Chairman of the Supervisory Board, Prof. Thomas Bauer, will step down before the next Supervisory Board meeting in December, having agreed to separate with respect due to differences of opinion on the future direction of the company. With the resignation of Prof. Thomas Bauer, Prof. Dr. Bastian Fuchs is to be proposed to the court for appointment to the Supervisory Board of BAUER AG as a member representing the shareholders. It is also planned that Prof. Dr. Bastian Fuchs will run for the position of Chairman of the Supervisory Board. Further information on this will be announced in a separate release shortly.New Risk • Oct 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Earnings have declined by 51% per year over the past 5 years.Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.New Risk • Jul 01New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Shares are highly illiquid. Earnings have declined by 47% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (€16m net loss next year).이익 및 매출 성장 예측HMSE:B5A0 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,9027447203112/31/20271,7956620167112/31/20261,6935729168112/31/20251,6341154172N/A12/31/20242,045913194N/A12/31/20231,710110151N/A9/30/20231,725-47N/AN/AN/A6/30/20231,739-99N/AN/AN/A3/31/20231,726-92-7749N/A12/31/20221,640-96-21101N/A9/30/20221,596-35N/AN/AN/A6/30/20221,52316-18104N/A3/31/20221,50866125N/A12/31/20211,448-1-5683N/A9/30/20211,411-3-26115N/A6/30/20211,39313142N/A3/31/20211,324-944174N/A12/31/20201,351-855168N/A9/30/20201,364-4949153N/A6/30/20201,384-5226130N/A3/31/20201,473-361107N/A12/31/20191,480-3767169N/A9/30/20191,5829N/A195N/A6/30/20191,62620N/A191N/A3/31/20191,62122N/A180N/A12/31/20181,59823N/A147N/A9/30/20181,5248N/A139N/A6/30/20181,5585N/A155N/A3/31/20181,6152N/A197N/A12/31/20171,6763N/A183N/A9/30/20171,68924N/A159N/A6/30/20171,59420N/A165N/A3/31/20171,47417N/A128N/A12/31/20161,41011N/A125N/A9/30/20161,37427N/A81N/A6/30/20161,40528N/A49N/A3/31/20161,41829N/A70N/A12/31/20151,40230N/A32N/A9/30/20151,39816N/A99N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: B5A0 의 연간 예상 수익 증가율(37.9%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: B5A0 의 연간 수익(37.9%)이 German 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: B5A0 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: B5A0 의 수익(연간 5.2%)이 German 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: B5A0 의 수익(연간 5.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: B5A0의 자본 수익률은 3년 후 11.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 04:25종가2026/07/10 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스BAUER Aktiengesellschaft는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Dominik von Podewils-DuernizBerenbergnull nullBofA Global ResearchKatja FilzekDeutsche Bank4명의 분석가 더 보기
공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.
분석 기사 • Jun 24Solid Earnings May Not Tell The Whole Story For BAUER (HMSE:B5A0)BAUER Aktiengesellschaft's ( HMSE:B5A0 ) healthy profit numbers didn't contain any surprises for investors. However the...
New Risk • Jun 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Large one-off items impacting financial results.
공시 • Jun 22BAUER Aktiengesellschaft, Annual General Meeting, Jul 29, 2026BAUER Aktiengesellschaft, Annual General Meeting, Jul 29, 2026, at 09:00 W. Europe Standard Time.
Reported Earnings • Jun 18Full year 2025 earnings released: EPS: €0.26 (vs €0.21 in FY 2024)Full year 2025 results: EPS: €0.26 (up from €0.21 in FY 2024). Revenue: €1.68b (down 18% from FY 2024). Net income: €11.2m (up 23% from FY 2024). Profit margin: 0.7% (up from 0.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
New Risk • May 11New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Large one-off items impacting financial results.
분석 기사 • Jan 09BAUER (HMSE:B5A0) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Risk • Nov 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results.
공시 • Jun 02BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025BAUER Aktiengesellschaft, Annual General Meeting, Jul 10, 2025, at 10:00 W. Europe Standard Time.
Buy Or Sell Opportunity • May 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to €6.75. The fair value is estimated to be €5.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.09% per annum. Earnings are forecast to grow by 38% per annum over the same time period.
분석 기사 • May 15BAUER's (HMSE:B5A0) Promising Earnings May Rest On Soft FoundationsDespite announcing strong earnings, BAUER Aktiengesellschaft's ( HMSE:B5A0 ) stock was sluggish. We think that the...
Reported Earnings • May 09Full year 2024 earnings released: EPS: €0.21 (vs €0.14 in FY 2023)Full year 2024 results: EPS: €0.21 (up from €0.14 in FY 2023). Revenue: €2.10b (up 23% from FY 2023). Net income: €9.10m (up 66% from FY 2023). Profit margin: 0.4% (up from 0.3% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.85, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 51% over the past year.
New Risk • Feb 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change).
New Risk • Nov 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €4.70, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 2.7% over the past year.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.87, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 12% over the past year.
분석 기사 • Sep 20BAUER (HMSE:B5A) Has Some Way To Go To Become A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
공시 • Aug 09BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024BAUER Aktiengesellschaft, Annual General Meeting, Sep 19, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • Jul 29Full year 2023 earnings released: EPS: €0.14 (vs €3.66 loss in FY 2022)Full year 2023 results: EPS: €0.14 (up from €3.66 loss in FY 2022). Revenue: €1.74b (up 5.9% from FY 2022). Net income: €5.47m (up €101.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022).
공시 • Dec 14BAUER Group Is Operational Again After Cyber-AttackThe cyber-attack on the BAUER Group took place at the end of October. As of this week, the company can now report that all essential core systems have been put back into operation. As of this week, the company is back online with core systems and are now returning to normal working day.
공시 • Nov 09Bauer Announces Changes in the Supervisory BoardBAUER AG announced that with effect from November 2, 2023, Mr. Alfons Doblinger joined the Supervisory Board a shareholder representative. With the significantly increased shareholding that SD Thesaurus GmbH and Doblinger Beteiligung GmbH have acquired in BAUER AG since the delisting tender offer, these shares are now also adequately represented on the Supervisory Board on the shareholder representatives' side. Ms. Sabine Doblinger has been a member of the Supervisory Board since 2021. Ms. Andrea Teutenberg left the Supervisory Board when Mr. Alfons Doblinger joined. Ms. Teutenberg has intensively accompanied BAUER AG in her office since 2016, for which the Executive Board and the members of the Supervisory Board would like to thank her warmly and wish her all the best for her future. In addition, there will be a change at the top of the Supervisory Board of BAUER AG. The long-standing Chairman of the Supervisory Board, Prof. Thomas Bauer, will step down before the next Supervisory Board meeting in December, having agreed to separate with respect due to differences of opinion on the future direction of the company. With the resignation of Prof. Thomas Bauer, Prof. Dr. Bastian Fuchs is to be proposed to the court for appointment to the Supervisory Board of BAUER AG as a member representing the shareholders. It is also planned that Prof. Dr. Bastian Fuchs will run for the position of Chairman of the Supervisory Board. Further information on this will be announced in a separate release shortly.
New Risk • Oct 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Earnings have declined by 51% per year over the past 5 years.
Reported Earnings • Aug 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €428.4m (up 7.0% from 2Q 2022). Net income: €2.55m (down 74% from 2Q 2022). Profit margin: 0.6% (down from 2.4% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Germany.
New Risk • Jul 01New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Shares are highly illiquid. Earnings have declined by 47% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (€16m net loss next year).