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BayWa AG: Business figures 2014: Satisfactory result in extremely difficult agricultural year - increase anticipated for 2015

DGAP-News: BayWa AG / Key word(s): Final Results
BayWa AG: Business figures 2014: Satisfactory result in extremely
difficult agricultural year - increase anticipated for 2015

26.03.2015 / 10:30

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BayWa AG: Business figures 2014: Satisfactory result in extremely difficult
agricultural year - increase anticipated for 2015

After a financial year shaped by an extremely tough climate in the
agricultural trade market, BayWa succeeded in generating "a satisfactory
result", summarised Chief Executive Officer Klaus Josef Lutz at the Annual
Results Press Conference of the international trading and services group.
The BayWa Group reported revenues of EUR15.2 billion in the financial year
2014 (2013: EUR16 billion). The Agriculture, Energy and Building Materials
Segments generated operating EBIT of EUR186.4 million in 2014 (2013:
EUR195.6 million). Including non-operating influence factors, EBIT totalled
EUR147 million (2013: EUR222 million). This major difference to the
previous year's EBIT is primarily due to one-off effects in 2013 resulting
from accounting profits from major property sales.

"A lower oil price, an extremely mild winter and, above all,
record-breaking harvests and sharp falls in fruit and grain prices impacted
our result", said Chief Executive Officer Lutz at the presentation of the
2014 business figures. BayWa has been able to recover ground, Lutz
continued, thanks to an extremely positive result in regenerative energies
and in agricultural equipment business, together with a strong fourth
quarter. "This result would not have been possible without our
international expansion, as almost 44% of our operating EBIT originated
from international growth business," emphasised Lutz.

"We are now looking firmly to the future," Lutz continued. So far in 2015,
development in agricultural trade points to a noticeable improvement. "We
intend to match the progress made in previous years by further expanding
our international business both in the agricultural sector and in renewable
energies," Lutz said.

As part of the steady rise in dividend distribution, the BayWa Board of
Management and Supervisory Board will propose to increase the dividend from
EUR0.75 to EUR0.80 per share. This would mean that the dividend has doubled
since 2009.