Posted by: Windfair Editors
Strong Performance by BayWa in 2017
Image: BayWaOfficial Press Release BayWa:
BayWa increases EBIT in 2017 and plans to raise dividend
The international trade and services company BayWa AG has ended the financial year 2017 on a highly successful note. Both revenue and EBIT increased. The Group’s revenues for 2017 were approximately €16.1 billion (2016: €15.4 billion), and EBIT increased to €171.3 million (2016: €144.7 million).
All BayWa AG segments contributed to the strong performance of the business in the previous year. The Energy Segment closed the year at a similarly high level to 2016, largely due to the very strong development of Renewable Energies. The Agriculture Segment bucked the industry trend by improving considerably. “This is particularly noteworthy, because German agricultural traders faced considerable challenges for the third consecutive year,” said Klaus Josef Lutz, Chief... ... More: Official Press Release BayWa
