BayWa AG: 9M-2021 figures reaffirm higher earnings forecast

Munich / DE. (bag) Germany’s BayWa AG is on track to achieve its highest earnings yet in its nearly 100 years of existence as a company. In the third quarter, BayWa increased its revenues to EUR 14.3 billion (Q1-3/2020: EUR 12.2 billion). Earnings before interest and tax (Ebit) jumped by around 87 percent to EUR 191.7 million (Q1-3/2020: EUR 102.7 million). Chief Executive Officer Prof. Klaus Josef Lutz: «We are currently reaping the benefits of what we have been sowing since 2008: our strategy of internationalising agricultural trade, investing in renewable energies and, most recently, restructuring our agricultural business in northern and eastern Germany – all that is now paying off.»