Investegate |BayWa AG Announcements | BayWa AG: BayWa AG signs ESG-linked syndicated financing agreement for €1 7 billion
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Investegate |BayWa AG Announcements | BayWa AG: Record figures in the first half of the year - BayWa AG generates solid growth across Energy, Agriculture and Building Material Segments
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DGAP-News: BayWa AG / Key word(s): Quarterly / Interim Statement
Substantial increase in the first quarter - BayWa continues excellent business performance
06.05.2021 / 10:30
Substantial increase in the first quarter - BayWa continues excellent business performance
With a substantial increase in the first quarter of 2021, BayWa AG seamlessly continued the successful business performance seen in the previous year and generated revenues of €4.3 billion (Q1/2020: €3.9 billion). At €45.1 million, earnings before interest and tax (EBIT) were up significantly year on year (Q1/2020: minus €27.8 million). All three operating segments contributed to this development. A sensational start to the year, says BayWa Chief Executive Officer Prof. Klaus Josef Lutz. Thanks to its diversified portfolio, BayWa is beating the coronavirus pandemic and the typical seasonal influences that we are usually subject to in the first quarter. I expect us to be able to match 2020 s record figures