checkAd

    DGAP-News  389  0 Kommentare 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



    ---------------------------------------------------------------------

    05.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
    service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    ---------------------------------------------------------------------


    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
    ---------------------------------------------------------------------
    409091 05.11.2015
    Seite 4 von 4



    Diskutieren Sie über die enthaltenen Werte


    Aktuelle Themen


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News BayWa AG: International business bolsters third quarter - BayWa makes substantial gain - Seite 4 DGAP-News: BayWa AG / Key word(s): 9-month figures BayWa AG: International business bolsters third quarter - BayWa makes substantial gain 05.11.2015 / 10:30 --------------------------------------------------------------------- International business …