BayWa AG
BayWa AG: Business figures 2014: Satisfactory result in extremely difficult agricultural year – increase anticipated for 2015
BayWa AG / Key word(s): Final Results BayWa AG: Business figures 2014: Satisfactory result in extremely difficult agricultural year – increase anticipated for 2015 After a financial year shaped by an extremely tough climate in the agricultural trade market, BayWa succeeded in generating “a satisfactory result”, summarised Chief Executive Officer Klaus Josef Lutz at the Annual Results Press Conference of the international trading and services group. The BayWa Group reported revenues of EUR15.2 billion in the financial year 2014 (2013: EUR16 billion). The Agriculture, Energy and Building Materials Segments generated operating EBIT of EUR186.4 million in 2014 (2013: EUR195.6 million). Including non-operating influence factors, EBIT totalled EUR147 million (2013: EUR222 million). This major difference to the previous year’s EBIT is primarily due to one-off effects in 2013 resulting from accounting profits from major property sales. “A lower oil price, an extremely mild winter and, above all, record-breaking harvests and sharp falls in fruit and grain prices impacted our result”, said Chief Executive Officer Lutz at the presentation of the 2014 business figures. BayWa has been able to recover ground, Lutz continued, thanks to an extremely positive result in regenerative energies and in agricultural equipment business, together with a strong fourth quarter. “This result would not have been possible without our international expansion, as almost 44% of our operating EBIT originated from international growth business,” emphasised Lutz. “We are now looking firmly to the future,” Lutz continued. So far in 2015, development in agricultural trade points to a noticeable improvement. “We intend to match the progress made in previous years by further expanding our international business both in the agricultural sector and in renewable energies,” Lutz said. As part of the steady rise in dividend distribution, the BayWa Board of Management and Supervisory Board will propose to increase the dividend from EUR0.75 to EUR0.80 per share. This would mean that the dividend has doubled since 2009. Agriculture business shaped by price drops Regenerative energies experience considerable growth Building Materials Segment benefits from restructuring 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 2015-03-26 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | BayWa AG | |
Arabellastraße 4 | ||
81925 München | ||
Germany | ||
Phone: | 089/ 9222-3691 | |
Fax: | 089/ 9222-3698 | |
E-mail: | marion.danneboom@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 | |
End of News | DGAP News-Service |
337703 2015-03-26 |