The BayWa Group recorded a 9.2% decline in revenues for the first quarter of 2025, generating €4.7 billion compared to €5.2 billion in the same period last year. The decrease is primarily attributed to one-off effects related to the company's ongoing transformation process.
Key operational changes, including the reduction of approximately 700 jobs and initial site closures—mainly within the BayWa Building Materials segment—are underway. These restructuring measures are expected to contribute to a more efficient and streamlined cost structure. In parallel, the company has initiated a focused optimisation of its product portfolio, placing greater emphasis on higher-margin items. Although the current financial performance reflects these transitional challenges, BayWa anticipates a significant improvement in earnings quality once adjusted for restructuring-related one-off expenses.
© BayWa
Structural progress has also been made. On 2 May 2025, BayWa completed the sale of its stake in Austrian company Raiffeisen Ware Austria AG (RWA AG) for €176 million. The proceeds will be used to reduce the Group's bank liabilities by approximately €500 million.
As part of its broader financial restructuring strategy, BayWa filed a restructuring plan under Germany's StaRUG framework with the Munich Local Court on 31 January 2025. This step followed unsuccessful attempts to secure unanimous lender support from the nearly 300 creditors involved. The plan, which the company refers to as a "StaRUG light" approach, is a targeted legal measure aimed at securing the financing structure. It avoids claim waivers, preserves shareholders' subscription rights in the planned capital increase, and focuses on a legally secure implementation of the financing solution.
During a court hearing on 15 May 2025, the restructuring plan was approved by the necessary creditor majorities. However, final confirmation from the Munich Restructuring Court is still pending. This confirmation is essential for the plan to take effect and marks a critical milestone in BayWa's efforts to secure long-term financial stability and operational resilience.
© BayWaFor more information:
Dr. Frank Herkenhoff
BayWa
Tel: +49 8992223680
Email: [email protected]
www.baywa.com
