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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG

(BYW6)
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Real-time Quote. Real-time Tradegate - 07/22 08:32:41 am
23.125 EUR   +0.98%
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BayWa : acquires 350MW Scottish wind pipeline

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05/30/2019 | 06:38am EDT

BayWa has acquired Forsa Energys UK renewables business, which is made up of 350MW of onshore wind farms in Scotland.

The projects add to the 823MW of solar and 1047MW of wind the German company already has under management within the UK and Ireland.

BayWa said the move is part of its growth strategy in the UK to develop more greenfield wind projects.

The pipeline includes six wind farms totalling 200MW with planning consent already in place, with the expectation of approval for a further 150MW by 2020.

Construction is already underway at the first of these projects the 24MW Inverclyde wind farm.

In addition, BayWa will also acquire Forsa Energys UK onshore wind development and construction team, which is led by renewables generation director Alasdair MacLeod.

BayWa UK managing director Gordon MacDougall said: We are committed to Scottish renewables and the Scottish governments onshore wind targets.

With this investment, we plan to continue to grow and invest in subsidy free markets by identifying good wind resource opportunities.

This acquisition will allow us to undertake more greenfield development, helping us to further expand our presence in the UK and Irish market.

Forsa Energy chief executive Alan Baker said: BayWa is continuing to build on the foundations the Forsa Energy UK renewables team has laid with the landowners, communities and other key stakeholders without whom we wouldnt have been able to contribute to Scotlands renewable targets.

We wish BayWa and our former colleagues well for the future and hope to see this business become the leading independent renewable energy business in Scotland and beyond.

Forsa Energy is backed by power-focused private equity firm Riverstone.

(c) 2019 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2019 17 138 M
EBIT 2019 198 M
Net income 2019 46,0 M
Debt 2019 2 697 M
Yield 2019 3,83%
P/E ratio 2019 14,5x
P/E ratio 2020 12,5x
EV / Sales2019 0,21x
EV / Sales2020 0,20x
Capitalization 817 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 31,00  €
Last Close Price 23,00  €
Spread / Highest target 73,9%
Spread / Average Target 34,8%
Spread / Lowest Target -4,35%
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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