DGAP-News

BayWa AG up slightly on the previous year after nine months - Seite 3

demand for heating oil during the summer months. The drop in conventional
energy revenues was due exclusively to the further year-on-year decline in
oil prices.

The rate of growth in the Renewable Energies business unit picked up once
again during the summer months, on the other hand. After the pipeline for
commissioning wind and solar farms in Germany, Austria and especially the
UK filled up nicely during the first half of 2016, it was possible to sell
four projects in the third quarter, as planned. The sales involved a wind
farm in France and the UK, as well as Germany's two geothermal power plants
with the highest output, which are located in Kirchstockach and Dürrnhaar,
Bavaria. BayWa also expanded its trading activities with solar components
to the Australian market by acquiring the company Solar Matrix in
September. Revenues rose as a result, and EBIT nearly doubled year on year.
The outlook for renewable energies continues to remain very favourable, as
a larger portfolio of solar projects in North Carolina and Virginia will be
developed in the medium term as part of a new partnership with the US
project developer Geenex Solar LLC, for example.

Building Materials Segment benefits from solid order situation
The Building Materials Segment mainly comprises Group trading activities
involving building materials in Germany and Austria. The building materials
business was also shaped in the summer by companies in the construction
industry continuing to operate at high capacity. Sales volumes for all
building materials products saw positive development, with demand for civil
engineering and road construction products being particularly high most
recently. BayWa was able to maintain the lead in revenues generated in the
first half of 2016 as compared with revenues in 2015 after the conclusion
of the third quarter as well. EBIT was up considerably on the previous year
after the first nine months.
The prospects for building materials remain favourable, as the rising
number of building permits issued for additions of another storey and roof
extensions indicate that there will be higher demand in subsequent quarters
for roof and interior construction products, for example. This might offset
the seasonal decline in civil engineering and road construction during the
winter months.

* Figure adjusted, mainly for the effect from the accounting of a finance
leasing in the financial year 2013 and the early application of a new IFRS
standard.



BayWa Group performance



Revenues* EBIT*
In EUR million 9M/16 9M/15 % 9M/16 9M/15** %
11,439.3 11,096.7 3.1 85.4 82.7 3.3