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BayWa AG: International business bolsters third quarter - BayWa makes substantial gain - Seite 4
Revenues and EBIT in the renewable energies business developed extremely
well thanks to the sale of major wind and solar power projects as planned.
As at 30 September 2015, BayWa r.e.'s business activities generated
revenues of EUR580.9 million (2014: EUR463.9 million). EBIT increased to
EUR25.6 million (2014: EUR20.5 million). This equates to a 25.3% rise year
on year, even though photovoltaic (PV) component trading in Europe (with
the exception of Switzerland) continued to decline, unlike business in the
US. The sale of an 80 megawatt wind park in the US, BayWa r.e.'s largest
wind park project to date, accounted for the lion's share of this positive
result. Further plant sales are planned in the final quarter, meaning that
BayWa r.e. is very likely to exceed the 2014 result by the end of 2015.
Building Materials: Low heating-oil price delays renovation and
modernisation measures
The Building Materials Segment, which primarily encompasses the Group's
building materials activities in Germany and Austria, was unable to make up
the weather-related sales shortfall from the first half of the year.
Revenues stood at approximately EUR1.1 billion as at 30 September 2015
(2014: EUR1.2 billion). EBIT came to EUR13.6 million (2014: EUR17.1
million). This was due to ailing demand, particularly for the
energy-efficient renovation of detached and semi-detached homes, which is
unpopular among consumers due to the withdrawal of subsidies by the
government and the low oil prices, resulting in the frequent postponement
of construction measures.
BayWa expects business to pick up as a result of the publicly funded
"10,000 Homes" programme in Bavaria for innovative building and heating
systems, and as a result of an increase in demand for redevelopment in
detached and semi-detached homes with the onset of winter.
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communications,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98,
e-mail: marion.danneboom@baywa.de
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05.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Germany
Phone: 089/ 9222-3691
Fax: 089/ 9222-3698
E-mail: marion.danneboom@baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart
End of News DGAP News Service
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409091 05.11.2015
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