BAYWA AG Press release
Number
Date
Contact
Phone
Fax
06122-PIU15
4 August 2022
Antje Krieger
+49 89/9222-3692
+49 89/9212-3692 antje.krieger@baywa.de
BayWa AG
Corporate Communications
Arabellastr. 4
81925 Munich
Germany
Phone +49 89 9222-3680
Fax +49 89 9212-3680
Internet
www.baywa.com / Press
BayWa AG sees tremendous growth momentum in first half of 2022 - full-year guidance raised to between €400 million and €450 million
Group secures strong ability to deliver and benefits from high global demand for renewable energies
Munich, 4 August 2022 - BayWa AG has followed up on an extraordinarily strong first quarter by posting further gains during a successful second quarter. In the first half of 2022, the Group generated revenues of €12.9 billion (H1/2021: €9.3 billion). Earnings before interest and tax (EBIT) climbed to €328.5 million (H1/2021:
€144.6 million). All operating segments contributed to this development, with some seeing tremendous earnings growth. "In a highly volatile market environment characterised by scarce resources and disruptions to supply chains, we reliably lived up to the trust of our customers in BayWa's ability to deliver," says Prof. Klaus Josef Lutz, Chief Executive Officer of BayWa. The company is also benefiting from the international efforts to achieve greater independence from fossil energy, which are gaining further momentum due to the energy crisis. As a result, the very good development of business in the Renewable Energies Segment will continue in the remaining months of the financial year, Lutz explains, adding: "Thanks to the strong first half of the year, we are
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entering the second half with tremendous momentum. We have therefore raised our guidance for the year and expect to see full-year EBIT of €400 million to €450 million in 2022."
Alongside project business involving renewable energy plants and increased sales of photovoltaic (PV) components and inverters, the marketing of electricity from own plants as an independent power producer (IPP) also contributed to earnings. Heat energy carriers were in high demand, and sales of agricultural inputs also increased by a large margin despite a sharp rise in prices. In trade involving agricultural products, BayWa benefited from high demand for specialities and was able to take advantage of price development in commodities. The higher prices for grain and oilseed fuelled greater willingness to invest among farmers, which had a positive effect on BayWa's agricultural equipment business. The Global Produce Segment compensated for the inflation- related dip in fruit and vegetable consumption in Europe through stable business in the southern hemisphere. Earnings in the Building Materials Segment increased by just under 30% year on year, thanks in no small part to BayWa's unaffected delivery capability and further specialisation in the building materials business.
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Editor:
Antje Krieger, BayWa AG
Press Officer, Corporate Communications
Phone: +49 89/9222-3692, Fax: +49 89/9212-3692
E-mail:antje.krieger@baywa.de
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BayWa AG published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 05:36:02 UTC.
