Preliminary figures for 2015
BayWa increases earnings with €6 mln
This had a positive effect on the international trading and services company’s preliminary annual figures. In 2015, the Group generated EBIT of €158.1 million (2014: €152.1 million*). Revenues in the financial year 2015 amounted to €14.9 billion, down slightly year on year (2014: €15.2 billion). This drop was mainly due to the sharp decline in commodity prices in the agricultural and energy sector.
Difficult agricultural market
In the reporting year 2015, the difficult market environment in agricultural trade negatively impacted earnings in the Agriculture Segment due to low producer prices and a reduced willingness to sell among domestic farmers. Much of the agricultural industry in Germany was affected by the associated impact. “However, thanks to its good position in the international agricultural business, BayWa was able to compensate for this development to a certain extent,” said Klaus Josef Lutz, Chief Executive Officer of BayWa AG, underscoring the Group’s international orientation. This is also evidenced by the very good development of the renewable energy business. “This field made a substantial contribution to the improved consolidated result in 2015 as a result of mainly international project sales in the second half of the year,” the Chief Executive Officer added.
BayWa AG will publish detailed figures along with its balance sheet on 31 March 2016.
For more information, please visit: www.baywa.com
