BayWa AG
Preliminary figures for the financial year 2015: BayWa increases EBIT thanks to international business and plans to raise dividend further
DGAP-News: BayWa AG / Key word(s): Preliminary Results Preliminary figures for the financial year 2015: BayWa increases EBIT thanks to international business and plans to raise dividend further BayWa AG was once again able to benefit from its international activities in the financial year 2015 and increase earnings before interest and tax (EBIT) year on year. Renewable energy made a particular contribution to this with a very strong second half of the year. In the reporting year 2015, the difficult market environment in agricultural trade negatively impacted earnings in the Agriculture Segment due to low producer prices and a reduced willingness to sell among domestic farmers. Much of the agricultural industry in Germany was affected by the associated impact. “However, thanks to its good position in the international agricultural business, BayWa was able to compensate for this development to a certain extent,” said Klaus Josef Lutz, Chief Executive Officer of BayWa AG, underscoring the Group’s international orientation. This is also evidenced by the very good development of the renewable energy business. “This field made a substantial contribution to the improved consolidated result in 2015 as a result of mainly international project sales in the second half of the year,” the Chief Executive Officer added. Lutz also announced that the Board of Management of BayWa AG would once again put forward to the Supervisory Board a proposal to raise the dividend for 2015 from EUR0.80 to EUR0.85 per share in keeping with the policy of consistent dividend development, corresponding to an increase of 6.3%. As a result, the dividend would have more than doubled since 2009. BayWa AG will publish detailed figures along with its balance sheet on 31 March 2016. * Previous year’s figures adjusted for effects from accounting of finance leasing in the financial year 2013. 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
2016-03-14 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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; Terminbörse EUREX | |
End of News | DGAP News Service |