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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG (BYW6)
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BayWa : Venture GmbH invests in Irish start-up FarmHedge Ltd.

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11/28/2018 | 05:11am EST

BayWa Venture GmbH, a subsidiary of BayWa AG, together with the Austrian company RWA Invest GmbH, have each acquired an 11.3 percent interest in the Irish start-up FarmHedge Ltd. FarmHedge is an online platform for trade between the farmer and the agricultural retail sector. Local retailer can use this digital sales channel to sell equipment and purchase agricultural products, especially in the subsequent registration. FarmHedge is the fourth Group company to come out of BayWa and RWA Raiffeisen Ware Austria's joint platform for innovation, the Agro Innovation Lab's Acceleration Program. The Irish company took part in the program in 2017 as one of six start-ups.

'The investment in FarmHedge fits with our omni-channel strategy', says Klaus Josef Lutz, CEO of BayWa AG. 'Together with our competence centres in the regions and our outstanding warehouse and logistics service, this allows us to be faster in supplying our customers than a classic online retailer.'

Marion Meyer, Head of BayWa Venture, adds: 'The investment in FarmHedge opens up an exclusive digital sales channel in our domestic markets. To be able to service the requirements of our customers at an even more individual level in future, this will be expanded with self-learning software to optimise quote generation.'

'FarmHedge is a fantastic tool for agricultural retailers and farmers', says FarmHedge CEO John Garvey. 'It establishes digital communication paths and revolutionises the business relationship between retailers and farmers. BayWa and RWA have identified the value of our trading platform and are strong strategic partners that will enable us to successfully establish ourselves on the market.'

FarmHedge is already in use in the BayWa Eastern Bavaria sales region. In Austria, the online platform is also already being successfully used by three warehouse cooperatives with the support of RWA Raiffeisen Ware Austria. The medium-term plan is to develop new markets outside Germany and Austria.

Note: You can find us on Twitter at www.twitter.com/BayWaPresse.

Printable press photos, footage material and video statements can be downloaded - without registering - from the BayWa media pool at https://www.baywa-mediapool.com/.

Disclaimer

BayWa AG published this content on 28 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 November 2018 10:10:10 UTC

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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%
EPS Revisions
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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