BayWa AG Forecasts Major Business Upswing in 2024 After Strong Q1 Results

• BayWa AG expects a more dynamic business development in 2024 after a seasonally typical start to the year.
• The company's revenue in Q1 2024 was €5.2 billion, with earnings before interest and taxes (EBIT) amounting to minus €61.3 million.
• The Board of Management confirms its guidance for 2024, with the target corridor for BayWa AG’s EBIT being between €365 million and €385 million.
• BayWa plans large-scale project sales in the Renewable Energies Segment in the second half of the year.
• The Agricultural Equipment Segment was bolstered by the early start to the season and unwavering investment appetite in agriculture, exceeding the record result of the same quarter in the previous year.
• The negative development in the Construction Segment reflects weak demand for construction services in Germany.

The next important date, Publication of quarterly financial report (as of Q1), at BayWa is on 08.05.2024.

The price of BayWa at the time of the news was 23,400EUR and was up +0,43 % compared with the previous day.
17 minutes after the article was published, the price was 23,525EUR this corresponds to a plus of +0,53 % since publication.
At this time, the index SDAX was at 14.758,46PKT (+1,52 %).

BayWa

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-1,91 %

-1,70 %

-19,79 %

-39,29 %

-42,32 %

-12,33 %

-43,66 %

+232,04 %

ISIN:DE0005194062WKN:519406

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