BayWa AG
BayWa AG: First half of 2016: BayWa raises EBIT
DGAP-News: BayWa AG / Key word(s): Half Year Results First half of 2016: BayWa raises EBIT BayWa AG, Munich, Germany, finished the first half of 2016 with significant earnings improvement. Earnings before interest and taxes (EBIT) rose by EUR8.6 million to EUR55.3 million (H1/2015: EUR46.7 million)*, equating to an increase of 18.4%. Revenues increased slightly to EUR7.5 billion (H1/2015: EUR7.4 billion) in the first half of the year. Thanks to a positive starting position, especially for the business with renewable energies and fruit, as well as an expected recovery in international agricultural trade activities, BayWa AG sees good opportunities to further expand the EBIT year-on-year over the course of the current financial year. “Our internationalisation and diversification in our core areas of business once again guaranteed BayWa’s positive earnings development,” Klaus Josef Lutz, Chief Executive Officer of BayWa AG, explained. International fruit trading and, in particular, the business with renewable energies more than compensated for the effects of a difficult agricultural market environment, thereby driving the significant improvement in EBIT, Lutz said. “The traditional business units conventional energy and building materials also managed to take advantage of the favourable market conditions in their core markets and make a positive earnings contribution,” Lutz continued. A good basis is in place to finish the year up on 2015. This opinion is founded primarily on the positive prospects for renewable energies and fruit. BayWa also expects an increase in the international agricultural trading business in the third and fourth quarters, he added. Fruit business bolsters Agriculture – catch-up effects expected in the second half of the year Energy Segment sees very positive development Building Materials Segment expands lead * Figure adjusted, mainly for the effect from the accounting of a finance leasing in the financial year 2013 and the early application of a new IFRS standard.
Agriculture Segment performance***
Energy Segment performance
Building Materials Segment performance
* Comprises the figures of the Agriculture, Energy and Building Materials Segments, the Other Activities as well as the transition. ** Figures adjusted, mainly for the effect from the accounting of a finance leasing in the financial year 2013 and the early application of a new IFRS standard. *** The Agriculture Segment was restructured with effect from 1 January 2016: The activities of the Agricultural Trade business unit were split into the new BayWa Agri Supply & Trade (BAST) and BayWa Agricultural Sales (BAV) business units. BAST combines BayWa’s national and international trade, distribution and logistics activities for grain, oilseed and additional products. The recording business and trade in operating resources and feedstuffs have been pooled in the new business unit known as BAV. The Fruit, Agricultural Equipment and Digital Farming business units remain unchanged.
Contact: Marion Danneboom, BayWa AG, Head of PR/Corporate Communications, tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, e-mail: marion.danneboom@baywa.de
2016-08-04 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | BayWa AG | |
Arabellastraße 4 | ||
81925 München | ||
Germany | ||
Phone: | 089/ 9222-3691 | |
Fax: | 089/ 9222-3698 | |
E-mail: | marion.danneboom@baywa.de | |
Internet: | www.baywa.de | |
ISIN: | DE0005194062, DE0005194005, | |
WKN: | 519406, 519400, | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |