31.03.2016 BayWa AG  DE0005194062

DGAP-News: BayWa increases EBIT and dividend for 2015


 
DGAP-News: BayWa AG / Key word(s): Final Results BayWa increases EBIT and dividend for 2015 31.03.2016 / 10:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BayWa increases EBIT and dividend for 2015 Despite facing a second difficult agricultural year in a row in Germany, Munich-based BayWa AG succeeded in improving its result year on year. In 2015, the BayWa Group generated earnings before interest and tax (EBIT) of EUR158.1 million (2014: EUR152.1 million)*. The prices of raw materials hit a multi-year low and led to a price-related decline in revenues. As a result, revenues fell by 1.8 percent to EUR14.9 billion (2014: EUR15.2 billion). The EBIT improvement in the financial year 2015 was due above all to an exceptionally good result achieved in the German and international project business for renewable energies as well as the continued internationalisation of the Agriculture Segment. It was therefore possible to offset the difficult development on the agricultural market in Germany overall. "The share of BayWa's international agriculture and renewable energies business in the Group's overall EBIT rose to more than 55 percent in 2015," Chief Executive Officer Klaus Josef Lutz said, emphasising the significance of the international trading and services group's growth strategy. "Lower producer prices, a lack of willingness to sell inventories, a lower inclination among farmers in Germany to invest and increased logistics costs due to low water levels caused by dry weather conditions unfortunately prevented us from achieving an even better result last year. Despite these adverse circumstances, we turned in a good performance," Lutz said, summarising the past financial year before looking ahead. In particular, the company is focusing on high global harvest expectations, in connection with its trading activities, which it expanded last year. In the context of this expansion, the company opened offices in Argentina and Ukraine, for example. It also acquired the Romanian agricultural trader Patberg International S.R.L, Wessex Grain Ltd. and, in early 2016, the malting barley trader Evergrain Germany GmbH & Co. KG. "We want to once again expand the trading volume for grain and oilseed − which amounted to over 30 million tonnes in 2015 − in the current year," Lutz said. He noted that the fruit business unit would also continue to grow, as BayWa recently expanded its range with tropical fruits for the German food retail industry through the acquisition of TFC Holland B.V. in the Netherlands. "On the whole, we are cautiously optimistic about the current year. But due to the low prices of raw materials, which continue to persist around the globe, and difficult and volatile agricultural markets, we know that it will be a major challenge to continue increasing our earnings in 2016 as well. Through diversification and targeted growth into international markets for agriculture as well as renewable energies, we believe that we are well equipped to tackle this challenge," Klaus Josef Lutz said. As part of a continuous dividend increase, the Board of Management and the Supervisory Board will propose raising the dividend from EUR0.80 to EUR0.85 per share. Agriculture: more grain traded - fruit sees clear EBIT increase Revenues for the Agriculture Segment amounted to EUR10.2 billion in the financial year 2015 (2014: EUR10.1 billion). EBIT came to EUR87.2 million (2014: EUR107.8 million)*. The Agriculture Segment's lower year-on-year EBIT is due in particular to the development of BayWa's agricultural trade, which suffered from the difficult market conditions in Germany. Revenues in the Agricultural Trade business unit rose to EUR8.3 billion (2014: EUR8.2 billion), which is mainly due to the fact that the Group's international agricultural trading companies managed to significantly increase their grain trading volumes. Lower amounts of corn collected, a lack of grain-drying revenues due to a summer of low rainfall in Germany and a sharp drop in prices for agricultural produce had a counteracting effect. The decline in prices and low-flow surcharges on account of the low water levels of rivers, coupled with correspondingly high logistics costs, had a considerably negative impact on earnings in agricultural trade. As a result, EBIT amounted to EUR41.6 million (2014: EUR64.9 million)*. In 2015, the BayWa Group's fruit trading activities experienced very positive development, generating revenues of EUR567.4 million (2014: EUR563.9 million) and increasing EBIT considerably to EUR27.0 million (2014: EUR20.6 million)*. This earnings growth was due primarily to the marketing of the record apple harvest in New Zealand and the contribution to the results from the business activities of Apollo Apples Limited, acquired in New Zealand in late 2014. While the area of agricultural equipment at BayWa recorded development that was significantly better than the market trend overall, it was unable to fully match the figures achieved in 2014. In the financial year 2015, revenues totalled EUR1.26 billion (2014: EUR1.31 billion). EBIT amounted to EUR21.5 million (2014: EUR22.3 million)*. The reason for this was a lower propensity among farmers to invest due to lower producer prices. The service and repair business continued to develop very well thanks to the high sales figures in previous years. The newly established Digital Farming business unit − which primarily includes the business activities of PC-Agrar GmbH, acquired in April 2015, and its subsidiaries − generated revenues of EUR5.2 million. Due to start-up costs and investments in future growth, EBIT amounted to EUR−2.9 million. One focus for the Digital Farming business unit is farm management. BayWa aims to expand its leading role as a professional partner for agriculture where farm management is concerned. Energy: exceptionally good result The Energy Segment generated revenues of EUR3.3 billion in the financial year 2015 (2014: EUR3.5 billion). This decline in revenues is due solely to the extremely low oil prices in 2015. EBIT increased considerably to EUR77.2 million (2014: EUR42.3 million). The exceptional development of business in the Energy Segment resulted in particular from the successful sales of wind and solar projects both in Germany and abroad, as well as from higher sales of heating oil and fuels and lubricants. In the conventional energy business, revenues dropped as a result of price factors to EUR2.2 billion (2014: EUR2.7 billion). Since consumers took advantage of the lower heating oil prices to fill their tanks, and since the fuels business continued to develop positively and the lubricants business outperformed the market trend, EBIT rose to EUR15.4 million (2014: EUR5.7 million). Thanks to the international focus of the Renewable Energies business, revenues succeeded in passing the billion-euro mark for the first time in 2015 and totalled EUR1.02 billion (2014: EUR786.2 million). EBIT saw a very substantial improvement, rising to EUR61.8 million (2014: EUR36.5 million). The sale of completed wind energy plants and photovoltaic plants as provided for in the business model proved to be an earnings driver. Wind energy plants with an output of more than 164 megawatts (MW) altogether were sold in Germany, Austria, the United Kingdom and the United States. In terms of solar energy, the output of the plants sold in the United Kingdom, Spain and the United States amounted to 123 MW. In the case of most plants sold, BayWa is responsible for their complete operational management and maintenance even after the sale. BayWa r.e. renewable energy GmbH, which conducts the renewable energy business within the BayWa Group, is well positioned for the future: In Germany alone, it acquired the rights last year to build wind farms with a total output of more than 370 MW. In addition, it will continue to pursue a policy of internationalisation and prepare for its entry into the market in South East Asia. Stable result in the Building Materials In terms of building materials, the first several months of the financial year 2015 were marked by unfavourable weather conditions. As a result, the construction business only managed to gather momentum after Easter. Due to the increased presence of foreign producers on the German market, the prices for building and insulating materials came under pressure during the reporting year. Revenues therefore decreased in the past financial year to EUR1.5 billion (2014: EUR1.52 billion), even though the building materials trade managed to generate higher sales overall. Owing to the continued optimisation of the network of locations and further structural measures, EBIT fell only slightly to EUR27.4 million (2014: EUR28.0 million)*. * Previous year's EBIT figure adjusted, mainly for effects from the accounting of a finance leasing in the financial year 2013 and the early application of a new IFRS standard. 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] --------------------------------------------------------------------------- 31.03.2016 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 449967 31.03.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 16.055,13 16.625,70 17.059,00 17.155,40 19.839,10 27.061,80 25.500,00
EBITDA1,2 318,44 315,30 403,00 468,40 555,80 858,80 632,00
EBITDA-Marge3 1,98 1,90 2,36 2,73 2,80 3,17
EBIT1,4 171,26 156,60 188,40 215,20 269,60 504,10 355,00
EBIT-Marge5 1,07 0,94 1,10 1,25 1,36 1,86 1,39
Jahresüberschuss1 67,23 54,90 65,10 61,30 128,80 239,50 67,00
Netto-Marge6 0,42 0,33 0,38 0,36 0,65 0,89 0,26
Cashflow1,7 -170,15 -452,20 -24,90 674,80 -583,60 -337,20 0,00
Ergebnis je Aktie8 1,13 0,92 0,80 0,68 1,63 4,36 1,35
Dividende8 0,90 0,90 0,95 1,00 1,05 1,20 0,85
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
BayWa vink. NA
WKN Kurs in € Einschätzung Börsenwert in Mio. €
519406 25,900 Halten 945,49
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,93 25,60 0,34 15,20
KBV KCV KUV EV/EBITDA
0,95 - 0,03 7,78
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,20 0,00 0,00 11.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 03.08.2023 09.11.2023 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-9,34% -18,66% -17,25% -35,73%
    
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Agrar , 519406 , BYW6 , XETR:BYW6