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BayWa AG: BayWa records outstanding earnings - higher dividend in sight

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DGAP-News: BayWa AG / Key word(s): Preliminary Results
01.03.2021 / 07:31
The issuer is solely responsible for the content of this announcement.

Number

 

01421-PIU04

Date

 

1 March 2020

Contact

 

Antje Krieger

Phone

 

+49 89/9222-3692

Fax

 

+49 89/9212-3692

E-mail

 

antje.krieger@baywa.de

 


BayWa records outstanding earnings - higher dividend in sight

Preliminary business figures for 2020 published

Munich, 1 March 2021 - The BayWa Group developed very positively overall in 2020, despite the restrictions in many aspects of life and business as a result of the coronavirus pandemic. Most of the corporate goals for the reporting year were exceeded. Earnings before interest and tax (EBIT) climbed by 14.3% to €215.3 million (2019: €188.4 million), allowing BayWa to generate a further increase in earnings and continue the successful trend of previous years even in 2020, which was impacted by the pandemic. Revenues increased by 0.6% and stood at €17.2 billion at the end of the year (2019: €17.1 billion). The BayWa Board of Management and Supervisory Board propose raising the dividend for 2020 by 5 cents to €1.00 per share.

As a provider of essential goods and services in the energy, agriculture and construction sectors, BayWa benefited in the past financial year from sustained high demand in all its segments. "Our international business models and the diversified structure have proved to be very crisis-resilient during the coronavirus pandemic," said Klaus Josef Lutz, Chief Executive Officer of BayWa AG. In addition to the achievement of operational targets, the reporting period saw the realisation of strategic plans, such as the entry of an investor at BayWa r.e. renewable energy GmbH (BayWa r.e.) as part of a capital increase of €530 million. The deal is expected to close in the days ahead.

BayWa will publish detailed figures for the most recent financial year along with its balance sheet on 25 March 2021. An exclusively digital annual results press conference will be held on 25 March at 10.30 am. An analysts' conference will also be held digitally on 26 March.

Please note: We are on Twitter at www.twitter.com/BayWaPresse.

You can download print-ready press photos, footage material and video statements - without registration - from the BayWa Mediapool at https://www.baywa-mediapool.com/#/.

Editor:
Antje Krieger, BayWa AG,
Press Officer, PR/Corporate Communications/Public Affairs
Phone: +49 89/9222-3692, Fax: +49 89/9212-3692
E-mail: antje.krieger@baywa.de




Contact:
Jenny Levié, BayWa AG, Head of PR/Corporate Communications/Public Affairs,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,
e-mail: jenny.levie@baywa.de


01.03.2021 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.
Archive at www.dgap.de

Language:

English

Company:

BayWa AG

Arabellastraße 4

81925 Munich

Germany

Phone:

+49 (0)89/ 9222-3691

Fax:

+49 (0)89/ 9212-3680

E-mail:

jenny.levie@baywa.de

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

EQS News ID:

1171816


 

End of News

DGAP News Service

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