Figures after the 3rd quarter of 2019
BayWa AG, Munich, Germany, has successfully completed the first nine months of the financial year 2019. Whereas revenues as at 30 September 2019 climbed slightly to €12.5 billion (Q1-3/2018: €12.2 billion), EBIT increased significantly to €77.3 million (Q1-3/2018: €28.3 million).
All three core segments – Agriculture, Energy and Building Materials – saw improved earnings compared to the same period in the previous year. The Energy Segment recorded particularly positive development, with both Conventional Energy and the renewable energies business achieving a significant improvement in earnings. Conventional Energy benefited from the global oil price trend and an increase in domestic demand for wood pellets. The Renewable Energies business unit further expanded its international activities in the solar and wind plant project business and in solar module trading. Unlike in the previous year, it also sold a few larger plants and systems in the third quarter. The lion’s share of sales is once again scheduled for the fourth quarter of 2019. With more than 650 megawatts (MW) in the sales pipeline, it should be possible to achieve a substantial year-on-year increase in the annual result in the Energy Segment in 2019.
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