DGAP-News: Preliminary business figures: BayWa ends 2019 with a significant improvement in earnings

2020. március 04., szerda, 07:39







DGAP-News: BayWa AG


/ Key word(s): Preliminary Results






Preliminary business figures: BayWa ends 2019 with a significant improvement in earnings








04.03.2020 / 07:39




The issuer is solely responsible for the content of this announcement.




Preliminary business figures: BayWa ends 2019 with a significant improvement in earnings


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.






Contact:

Marion Danneboom, BayWa AG, Head of PR/Corporate Communications/Public Affairs,

tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,

e-mail: marion.danneboom@baywa.de














04.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: BayWa AG

Arabellastraße 4

81925 Munich

Germany
Phone: 089/ 9222-3691
Fax: 089/ 9212-3680
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
EQS News ID: 989215





 
End of News DGAP News Service





989215  04.03.2020 



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