BayWa raises expectations for full-year earnings before interest and tax (EBIT) for 2022 to between €475 million and €525 million
October 25, 2022 at 05:27 am EDT
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EQS-Ad-hoc: BayWa AG / Key word(s): Miscellaneous
BayWa raises expectations for full-year earnings before interest and tax (EBIT) for 2022 to between €475 million and €525 million
25-Oct-2022 / 11:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
BayWa raises expectations for full-year earnings before interest and tax (EBIT) for 2022 to between €475million and €525million
BayWa Aktiengesellschaft
Public disclosure of inside information in accordance with Art. 17 MAR
Munich, 25 October 2022
According to the ad hoc disclosure published on 25 July 2022, the Board of Management of BayWa AG previously expected full-year earnings before interest and tax (EBIT) of €400 million to €450 million for the BayWa Group in 2022. According to preliminary figures, the BayWa Group anticipates earnings before interest and tax (EBIT) of around €460 million at the end of the third quarter of 2022 (EBIT at the end of Q3/2021: €191,7 million). The Board of Management is therefore adjusting its forecast and now expects full-year earnings before interest and tax (EBIT) of €475 million to €525 million.
25-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
BayWa AG
Arabellastraße 4
81925 Munich
Germany
Phone:
+49 (0)89/ 9222-3691
Fax:
+49 (0)89/ 9212-3680
E-mail:
jenny.levie@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, Tradegate Exchange
BayWa AG is a Germany-based parent company for the BayWa Group. The Company is engaged in the wholesale and retail of industrial and agricultural goods, and in the provision of related services. Its business activities are structured into the core segments of Agriculture, Building Materials and Energy, along with Other Activities. The Agriculture segment offers products such as grain and fruits, crop protection products, fertilizers, feedstuff and seeds, as well as agricultural equipment such as tractors, forestry machinery and spare parts. The Building Materials segment provides construction materials and building components, operating garden centers and pet departments and providing services for heating and sanitary installations on a regional basis. The Energy segment offers mineral oils, biodiesel and lubricants and operates a network of around 280 fuel stations in Germany. Its subsidiaries include Apollo Apples Ltd.