Figures for the 3rd quarter 2020
BayWa on track for a new record operating resultOn 12 November 2020, BayWa AG published its third quarter results 2020.
BayWa AG, Munich, has continued the positive development seen in the first half of the year by recording a significant improvement in earnings after nine months. Earnings before interest and tax (EBIT) increased to €102.7 million (Q1–3/2019: €77.3 million). All three operating segments – Energy, Agriculture and Building Materials – contributed to this rise. Due to price effects, revenues fell year on year to stand at €12.2 billion (Q1–3/2019: €12.5 billion). Heating oil, agricultural equipment, fruit and building materials have been benefiting from solid demand for several months. In addition, international agricultural trade and project business involving solar parks and wind farms developed into drivers of earnings in the third quarter. “In view of climate change, the megatrend of promoting the expansion of renewable energies worldwide continues unabated, regardless of the coronavirus pandemic,” says Klaus Josef Lutz, Chief Executive Officer of BayWa AG.
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