BayWa AG

BYW6

Equity

ISIN DE0005194062 / Valor 324583

Xetra (2024-12-23)

EUR 9.02-4.25%

BayWa AG
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About company

BayWa AG, founded in 1923 and headquartered in Munich, is a global company that provides innovative and sustainable solutions for food, housing, heat, electricity, and mobility. Originally focused on cooperative agricultural trade, BayWa has expanded its operations to over 40 countries, with a presence in agriculture, construction, and energy sectors. The company continues to prioritize renewable energies and remains committed to its cooperative roots, offering services related to heat and mobility in everyday life.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Operating Earnings

BayWa AG closed the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year. The rapid rise in interest rates negatively affected earnings across all business divisions. After interest and tax, the consolidated net loss for the year stood at €93.4 million, compared to a net profit of €239.5 million in the previous year.

Consolidated Revenues

Consolidated revenues for BayWa AG totaled €23.9 billion in the financial year 2023, down from €27.1 billion in 2022. Operating earnings before interest and tax (EBIT) were €304.0 million, a decrease from the previous year's €504.1 million. The Group narrowly missed its annual forecast of €320 to €370 million.

Segment Performance

In the Agricultural Equipment Segment, sales were boosted by the resolution of supply chain problems and farmers’ high propensity to invest, exceeding the previous year’s record revenues and EBIT. The Cefetra Group Segment capitalized on trading opportunities offered by fluctuating prices. However, the Renewable Energies Segment saw a decline in both revenues and EBIT due to weak demand and increased competition in the solar module business.

Renewable Energies Segment

The Renewable Energies Segment closed the financial year 2023 with revenues of €5.8 billion and EBIT of €193.8 million, down from €6.5 billion and €239.1 million, respectively, in 2022. Weak demand in the solar module trade and competitive pressure from inexpensive imports affected the results. However, the IPP business entity expanded its portfolio by six solar parks compared to 2022.

Energy Segment

In the Energy Segment, BayWa AG recorded a 15.7% decline in revenues to €2.8 billion, with EBIT down by 66.8% to €17.8 million. The sector was impacted by weaker trading momentum for fossil fuels and lubricants, as well as lower trading margins due to falling prices on the energy commodity markets. Electromobility continues to gain ground, with BayWa Mobility Solutions GmbH entering the charge point operator business in 2023.

Summarized from source with an LLMView Source

Key figures

-71.0%1Y

-76.6%3Y

-68.1%5Y

Performance

62.0%1Y

42.4%3Y

37.2%5Y

Volatility