03.03.2017
BayWa AG DE0005194062
DGAP-News: BayWa's preliminary figures for 2016: difficult agricultural markets impact earnings
DGAP-News: BayWa AG / Key word(s): Preliminary Results
BayWa's preliminary figures for 2016: difficult agricultural markets impact
earnings
03.03.2017 / 10:30
The issuer is solely responsible for the content of this announcement.
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BayWa's preliminary figures for 2016: difficult agricultural markets impact
earnings
The international trade and services company BayWa AG generated revenues of
around EUR15.3 billion in the financial year 2016, thereby posting a slight
increase (2015: EUR14.9 billion). However, the persistently difficult
agricultural markets in the past year pushed down earnings before interest
and tax (EBIT). In 2016, the Group generated EBIT of EUR144.7 million
(2015: EUR158.1 million).
The Fruit and Energy business units once again developed particularly well
in the reporting year. The building materials business also developed
positively. By contrast, agricultural trade was significantly influenced in
2016 by the situation on global agricultural markets, which remained tense.
A comfortable supply situation with agricultural commodities worldwide
intensified the pressure on prices. Changing forecasts for the most
important agricultural commodities, some of them contradictory, led to
extreme volatility in certain instances, such as in international soya
trading, and had a negative impact on the entire industry. "BayWa was also
unable to escape this trend, meaning that the agriculture business was not
able to live up to the expectations. Once again, however, we benefited from
our broad footing within the Group. In particular, the international fruit
business and renewable energies posted very favourable development and had
a positive effect on total earnings," said Klaus Josef Lutz, Chief
Executive Officer of BayWa AG, confirming his expectations regarding the
Group's conglomerate structure. Lutz took an optimistic view of the current
financial year: "The positive prospects overall, in agricultural trade as
well, lead us to expect significant increases in earnings again in 2017."
Lutz announced that the Board of Management of BayWa AG would propose to
the Supervisory Board keeping the Group's dividend stable and paying
EUR0.85 per share - the same dividend paid for 2015.
BayWa AG will publish detailed figures along with its balance sheet on 30
March 2017.
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: [email protected]
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03.03.2017 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.
Archive at www.dgap.de
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Germany
Phone: 089/ 9222-3691
Fax: 089/ 9222-3698
E-mail: [email protected]
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
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