BayWa AG: H1 2024 Results Delayed, Forecast Suspended

• BayWa AG reported preliminary revenues of €10.7 billion for H1 2024, down from €12.6 billion in H1 2023.
• EBITDA for the first half of 2024 was €149.5 million, significantly lower than €322.1 million in the same period last year.
• The company experienced a turnaround in EBIT, reporting €61.3 million in Q2 2024 after a loss of €61.3 million in Q1 2024.
• The publication of the Half-Year Financial Statements has been postponed to 27 September 2024 due to necessary impairment tests.
• BayWa AG has withdrawn its EBIT forecast for 2024, previously set between €365 million and €385 million, citing uncertainty in the ongoing restructuring.
• The management remains optimistic about improving the financial situation through constructive discussions with financing partners.

The next important date, Publication of the semi-annual financial report, at BayWa is on 08.08.2024.

The price of BayWa at the time of the news was 12,350EUR and was up +14,88 % compared with the previous day.
15 minutes after the article was published, the price was 12,580EUR this corresponds to a plus of +1,86 % since publication.
At this time, the index SDAX was at 14.158,54PKT (-0,81 %).

BayWa

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-10,72 %

-5,00 %

-34,19 %

-70,36 %

-83,50 %

-72,45 %

-80,40 %

+7,81 %

ISIN:DE0005194062WKN:519406

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