Source: EQS Group AG

August 04, 2016 04:34 ET

DGAP-News: BayWa AG: First half of 2016: BayWa raises EBIT

DGAP-News:
BayWa
AG
/
Key
word(s):
Half
Year
Results
BayWa
AG:
First
half
of
2016:
BayWa
raises
EBIT

04.08.2016
/
10:30
The
issuer
is
solely
responsible
for
the
content
of
this
announcement.

------

First
half
of
2016:
BayWa
raises
EBIT
year
on
year

BayWa
AG,
Munich,
Germany,
finished
the
first
half
of
2016
with
significant
earnings
improvement.
Earnings
before
interest
and
taxes
(EBIT)
rose
by
EUR8.6
million
to
EUR55.3
million
(H1/2015:
EUR46.7
million)*,
equating
to
an
increase
of
18.4%.
Revenues
increased
slightly
to
EUR7.5
billion
(H1/2015:
EUR7.4
billion)
in
the
first
half
of
the
year.
Thanks
to
a
positive
starting
position,
especially
for
the
business
with
renewable
energies
and
fruit,
as
well
as
an
expected
recovery
in
international
agricultural
trade
activities,
BayWa
AG
sees
good
opportunities
to
further
expand
the
EBIT
year-on-year
over
the
course
of
the
current
financial
year.

"Our
internationalisation
and
diversification
in
our
core
areas
of
business
once
again
guaranteed
BayWa's
positive
earnings
development,"
Klaus
Josef
Lutz,
Chief
Executive
Officer
of
BayWa
AG,
explained.
International
fruit
trading
and,
in
particular,
the
business
with
renewable
energies
more
than
compensated
for
the
effects
of
a
difficult
agricultural
market
environment,
thereby
driving
the
significant
improvement
in
EBIT,
Lutz
said.
"The
traditional
business
units
conventional
energy
and
building
materials
also
managed
to
take
advantage
of
the
favourable
market
conditions
in
their
core
markets
and
make
a
positive
earnings
contribution,"
Lutz
continued.
A
good
basis
is
in
place
to
finish
the
year
up
on
2015.
This
opinion
is
founded
primarily
on
the
positive
prospects
for
renewable
energies
and
fruit.
BayWa
also
expects
an
increase
in
the
international
agricultural
trading
business
in
the
third
and
fourth
quarters,
he
added.

Fruit
business
bolsters
Agriculture
-
catch-up
effects
expected
in
the
second
half
of
the
year
The
Agriculture
Segment
comprises
trading
in
agricultural
operating
resources
and
produce
as
well
as
the
Agricultural
Equipment,
Fruit
and
Digital
Farming
business
units.
Despite
a
challenging
market
environment
with
low
producer
prices
and
a
corresponding
reluctance
among
farmers
to
buy
operating
resources
and,
as
expected,
agricultural
equipment
in
particular,
the
segment
fared
well,
especially
in
the
second
quarter.
This
was
due
first
and
foremost
to
T&G
Global's
successful
fruit
business
in
New
Zealand
and
the
newly
acquired
Dutch
supplier
of
tropical
fruits
TFC
Holland.
The
business
unit
also
benefited
from
the
sale
of
the
packaging
logistics
unit
in
New
Zealand.
In
the
fruit
business,
the
fruit
harvest
so
far
promises
good
marketing
opportunities
for
apples
from
New
Zealand.
Because
there
is
reason
to
expect
improved
marketing
opportunities
in
the
export
of
high-quality
wheat,
for
example,
a
high
point
in
produce
trade
is
anticipated
for
agricultural
trade
activities
in
the
second
half
of
the
year,
which
is
typical
of
the
business.

Energy
Segment
sees
very
positive
development
The
Energy
Segment
comprises
the
BayWa
Group's
trading
activities
in
fossil
and
renewable
heating
fuels,
fuels
and
lubricants,
as
well
as
its
business
in
renewable
energies,
which
is
pooled
in
BayWa
r.e.
renewable
energy
GmbH.
The
conventional
energies
business
saw
an
excellent
first
half
of
the
year
on
account
of
price-related
brisk
demand
in
heating
fuels
and
fuels
trading
and
improved
trade
margins.
The
significantly
higher
result
in
the
Renewable
Energies
business
unit
year
on
year
was
bolstered
by
the
sale
of
wind
farms
and
solar
parks
in
the
UK
and
Germany.
Recently
finished
plants
-
such
as
"Vine
Farm"
in
the
UK,
at
45
megawatts
(MW)
BayWa
r.e.'s
largest
single
project
in
the
field
of
solar
power
-
suggests
further
very
positive
development
of
the
project
business
once
again
in
the
second
half
of
the
year
2016.
In
addition,
the
expansion
in
South
East
Asia
continues
to
make
promising
strides
thanks
to
a
new
branch
in
Bangkok,
which
joins
Tokyo
and
Singapore,
and
first
project
acquisitions.

Building
Materials
Segment
expands
lead
The
Building
Materials
Segment
mainly
comprises
Group
trading
activities
involving
building
materials
in
Germany
and
Austria.
The
positive
development
in
the
first
half
of
the
year
reflects
the
trend
in
building
activity,
especially
in
residential
construction,
as
well
as
the
successfully
implemented
sales
measures
in
the
segment.
The
mild
winter
weather
also
played
a
role
in
ensuring
that
business
was
already
better
in
the
first
quarter
than
in
the
previous
year.

*
Figure
adjusted,
mainly
for
the
effect
from
the
accounting
of
a
finance
leasing
in
the
financial
year
2013
and
the
early
application
of
a
new
IFRS
standard.


BayWa
Group
performance

 
 


















Revenues*

























EBIT*
 in
EUR
million
















6M/16



6M/15



%



6M/16

6M/15**




%
 




























7,456.4

7,418.9

0.5




55.3




46.7

18.4
 
 
 
 

Agriculture
Segment
performance***

 
 

















Revenues




















EBIT
 in
EUR
million





6M/16



6M/15







%







6M/16

6M/15**








%
 BAST***










2,958.1

4,427.0







-









6.4




41.6








-
 BAV***











1,574.1
















-








26.1

















-
 Agricultural







593.9



649.2



-
8.5







-
1.4





8.1


>
-
100
 Equipment
 Digital
Farming






3.3







-







-







-
3.8







-








-
 Fruit














312.8



295.9





5.7








22.4




15.5





45.2
 Agriculture






5,442.2

5,372.1





1.3








49.7




65.2



-
23.8
 Segment
 
 
 

Energy
Segment
performance

 
 


















Revenues






















EBIT
 in
EUR
million






6M/16



6M/15









%



6M/16

6M/15**








%
 Conventional








958.2

1,092.7




-
12.3





7.3





3.0




>
100
 Energy
 Renewable











316.1



256.8






23.1




15.7



-
3.9




>
100
 Energies
 Energy
Segment




1,274.3

1,349.5





-
5.6




23.0



-
0.9




>
100
 
 
 

Building
Materials
Segment
performance

 
 






















Revenues












EBIT
 in
EUR
million








6M/16

6M/15



%



6M/16

6M/15**















%
 Building
Materials




732.5

689.7

6.2





5.6



-
0.3











>
100
 Segment
 
 
 

*
Comprises
the
figures
of
the
Agriculture,
Energy
and
Building
Materials
Segments,
the
Other
Activities
as
well
as
the
transition.

**
Figures
adjusted,
mainly
for
the
effect
from
the
accounting
of
a
finance
leasing
in
the
financial
year
2013
and
the
early
application
of
a
new
IFRS
standard.

***
The
Agriculture
Segment
was
restructured
with
effect
from
1
January
2016:
The
activities
of
the
Agricultural
Trade
business
unit
were
split
into
the
new
BayWa
Agri
Supply
&
Trade
(BAST)
and
BayWa
Agricultural
Sales
(BAV)
business
units.
BAST
combines
BayWa's
national
and
international
trade,
distribution
and
logistics
activities
for
grain,
oilseed
and
additional
products.
The
recording
business
and
trade
in
operating
resources
and
feedstuffs
have
been
pooled
in
the
new
business
unit
known
as
BAV.
The
Fruit,
Agricultural
Equipment
and
Digital
Farming
business
units
remain
unchanged.





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:
marion.danneboom@baywa.de



------

04.08.2016
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
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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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04.08.2016