Figures for the first half of 2019
BayWa AG, Munich, has significantly increased its operating result (EBIT) in the first half of 2019 in comparison to the same period in the previous year: as at 30 June 2019, EBIT amounted to €52.2 million (2018: €32.1 million). Revenues rose slightly to €8.4 billion (2018: €8.3 billion). The improvement in EBIT is largely due to positive developments in the operative business units, especially in the Energy Segment. “In the first half of the current financial year, BayWa has increased its operating business by about €12 million. I am delighted that this was not only due to the Renewable Energies and Conventional Energy business units, but also to German agricultural trade, which – year on year – experienced a significant leap in results,” explains BayWa AG’s CEO, Klaus Josef Lutz. The required conversion to lease accounting according to IFRS 16 also had a positive effect on the result of around €7 million, which in turn had the opposite impact on interest expenses.
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Here press and media representatives will find all important information for reporting on the publication of the half-year results 2019.
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Here analysts will find all important information on the publication of the half-year results 2019.