04 mrt BayWa ends 2019 with a significant improvement
Preliminary business figures: BayWa ends 2019 with
a significant improvement in earnings
Preliminary business figures: BayWa ends 2019 with a significant improvement in earnings
Munich, 4 March 2020 – BayWa AG ended the financial year 2019 as planned with a significant improvement in earnings. Earnings before interest and tax (EBIT) increased by 9.3 percent to €188.4 million (2018: €172.4 million). At €17.3 billion (2018: €16.6 billion), revenues at the Group were also up by 3.8 percent. As a result, the BayWa Group generated over €17 billion in revenues for the first time.
The Group managed to achieve its targets for 2019 despite difficult conditions for agribusiness, such as the trade dispute between the US and China, or the impact of dry weather at a national level. “The excellent performance of the Renewable Energies business unit once again contributed to this development,” said Klaus Josef Lutz, Chief Executive Officer of BayWa AG. “That reaffirms the importance of BayWa’s diversified structure.”
Lutz announced that the Board of Management will propose to the company’s Supervisory Board a 5-cent increase in the dividend to 95 cents per share for 2019.
BayWa AG will publish detailed figures along with its balance sheet on 26 March 2020. The Annual Results Press Conference will take place in Munich at 10.30 am on 26 March.