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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG (BYW6)
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Delayed Quote. Delayed  - 01/18 11:36:07 am
24.05 EUR   +3.89%
2018BAYWA AG : annual earnings release
2013BAYWA AG : quaterly earnings release
2013BAYWA AG : quaterly earnings release
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BayWa : Carlton & United Breweries signs Australian renewable energy deal

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01/04/2019 | 03:33am EST

AB InBev-owned Carlton & United Breweries (CUB) has moved one step closer to obtaining 100% of its electricity from renewable sources after securing a deal with BayWa.

Last year, CUB signed a 12-year power purchase agreement (PPA) with the German renewable energy developer, service provider and wholesaler.

With the recent completion of BayWas 112MW Karadoc solar farm in northern Victoria, CUB is now using renewable energy sourced from the site for its brewery operations. The 664-acre farm is the largest solar facility in northern Victoria.

CUBs PPA provides 74,000 MWh a year enough to power 7,500 homes.

Peter Filipovic, CUB business unit president, said: This is an important step towards achieving our commitment to source 100% of our electricity from renewables. In addition to our PPA, we will soon be installing solar panels at our breweries.

Everyone has a responsibility to play their part to tackle climate change. CUB is no different. CUB is absolutely committed to delivering on an ambitious environmental and sustainability agenda.

The investment also stacks up when you look at the reduced price we will be paying to power our operations. Moving to renewable energy will ensure that we have certainty of supply and pricing.

Matthias Taft, board member of BayWa, added: This is a great milestone for BayWa in Australia; since entering the market in 2016, we have become active in solar and wind development as well as the solar installer wholesaler market.

With Karadoc coming online, the partnership we have with CUB is a great example of how corporations are taking an active lead in driving the renewable transition in Australia and we are delighted to be playing our part in supporting CUB in realising its renewable energy goals.

Last month, AB InBev announced that it will start brewing Budweiser beer in the UK with 100% renewable electricity thanks to a new deal with solar energy firm Lightsource BP.

The new solar capacity is expected to be added and connected by Lightsource BP at the end of 2020 and all Budweiser brewed and sold in the UK will begin to feature a new symbol to encourage consumers to choose a beer brewed with 100% renewable electricity.

(c) 2019 ITP Media Group. All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 16 488 M
EBIT 2018 176 M
Net income 2018 49,0 M
Debt 2018 2 362 M
Yield 2018 3,83%
P/E ratio 2018 17,73
P/E ratio 2019 13,12
EV / Sales 2018 0,20x
EV / Sales 2019 0,19x
Capitalization 888 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 28,0 €
Spread / Average Target 16%
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Managers
NameTitle
Klaus Josef Lutz Chief Executive Officer
Manfred Nüssel Chairman-Supervisory Board
Andreas Helber Chief Financial Officer
Johann Lang Member-Supervisory Board
Gunnar Metz Vice Chairman-Supervisory Board
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