DGAP-News: BayWa AG / Key word(s): Preliminary Results
Financial year 2014: BayWa AG rallies in fourth quarter and plans to
raise dividend further
04.03.2015 / 10:00
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Financial year 2014: BayWa AG rallies in fourth quarter and plans to raise
dividend further
BayWa AG has reported a strong final quarter in the financial year 2014,
especially in the Agriculture Segment. This had a positive effect on the
trading and services company's preliminary annual figures. BayWa AG
recorded revenues of EUR15.2 billion (2013: around EUR16.0 billion) in the
financial year 2014. The decline was mainly due to the sharp drop in prices
for agricultural produce and heating oil. The Agriculture, Energy and
Building Materials Segments generated operating EBIT of EUR186.4 million
(2013: EUR195.6 million) in 2014. Taking into account factors that do not
influence the operating business, the Group achieved EBIT of around EUR147
million (2013: EUR222 million) in total. The major year-on-year difference
in EBIT was largely due to one-off effects in 2013, which included the
accounting profit from the sale of real estate packages and, among other
factors, to consolidation effects that had a more pronounced negative
impact in the reporting year.
"Summer and autumn 2014 were marked by a highly challenging business
environment in agricultural trading that saw large harvests and low prices
as well as the resulting negative impact on earnings. We caught up in the
final quarter. Coupled with very good development in agricultural
equipment, operating resources and renewable energies in particular, we
managed to generate a satisfactory result as at the end of the year," Klaus
Josef Lutz, Chief Executive Officer of BayWa AG, explained. The Group's
international focus proved decisive, he added.
Lutz also emphasised that the Board of Management will put forward to the
Supervisory Board a proposal to raise the dividend for 2014 from EUR0.75 to
EUR0.80 per share in keeping with BayWa's policy of consistent dividend
development. This would correspond to an increase of 7%, thereby doubling
the dividend since 2009.
BayWa AG is set to publish its full business figures for the year together
with its balance sheet on 26 March 2015.
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication,
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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04.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: BayWa AG
ArabellastraÃe 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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329605 04.03.2015
DGAP-News: Financial year 2014: BayWa AG rallies in fourth quarter and plans to raise dividend further
| Source: EQS Group AG