German manufacturer Bauer Group, has reported its first quarter earnings for 2017, with sales revenues up 18.9%, compared with the same period in 2016.
Total revenues for the group for Q1 were reported to be €455.7 million (498.7 million).
The firm, which specialises in ground and groundwater services and equipment, also announced earnings before tax of €8.5 million (US$9.3 million), a significant improved on the previous year’s €4.8 million (US$5.25 million).
Bauer’s order backlog showed some improvement, with a growth over last year of 4.3%, to €1.04 billion (US$1.38 billion). This growth figure is given weight by the fact that a multi-million-dollar order backlog was taken off the books after the sale of shares in a real estate company at the end of 2016.