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BayWa AG: International business bolsters third quarter - BayWa makes substantial gain - Seite 3
to benefit BayWa moving forward.
Excellent development was also observed in fruit trading. Revenues after
the first nine months of 2015 stood at EUR473.7 million (2014: EUR432.7
million). EBIT came to EUR22.1 million (2014: EUR15.9 million), which
equates to a rise of 38.6%. In terms of international fruit business, the
Group benefited from the activities and acquisitions of New Zealand
subsidiary T & G Global Limited. German fruit trading was more stable than
in the previous year thanks to the slight rise in apple prices, and so it
is expected that the positive will continue in the current marketing
season.
BayWa's agricultural equipment business once again bucked the market trend
in the third quarter, as was the case in the first half of 2015. The
agricultural equipment markets in Germany and in Europe were impacted by
sharp falls in sales figures of up to 10%. Despite the year-on-year rise in
the sales of used equipment, the Agricultural Equipment business unit was
unable to escape the market trend completely and generated revenues of
EUR966.7 million (2014: EUR971.9 million) and EBIT of EUR9.1 million (2014:
EUR13.6 million). The increased pressure on margins in new machinery sales
and the rise in personnel costs after adjustments to collective bargaining
agreements were two key factors here. The leading industry trade fair
Agritechnica, which is due to open its doors in a couple of days, is
expected to stimulate demand for tractors and agricultural machinery.
Energy: Conventional energy and renewable energies exceed 2014 figures
The Energy Segment developed extremely positively in the period leading up
to 30 September 2015. It comprises the Group's trading activities in fossil
and renewable heating fuels, fuels and lubricants as well as its business
in renewable energies. Revenues fell slightly to just under EUR2.3 billion
on account of the lower price level for heating oil (2014: EUR2.5 billion),
but EBIT increased compared to the same period in the previous year by
35.1% to EUR33.1 million (2014: EUR24.5 million).
Revenues with conventional energy carriers stood at EUR1.7 billion in the
first nine months of the financial year (2014: EUR2.0 billion). The decline
in revenues was primarily due to the extremely low oil price. This also
bolstered demand for heating oil and led to a 5% increase in sales. EBIT
benefited from this to the same extent as it did from increased margins in
German sales regions and the positive development of the Austrian Group
company. It climbed to just under EUR7.5 million (2014: EUR4.0 million).
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