Breaking News
FONT-SIZE Plus   Neg
Share SHARE

BayWa 2011 Earnings Rise - Update

RELATED NEWS
Trade BYWG now with 

BayWa AG (BYWG: Quote) reported Thursday an increase in earning before interest and taxes or EBIT for full year 2011, helped by about 21 percent growth in revenues. The company is confident of the current year and plans to achieve profit in a similar dimension in 2012.

Klaus Josef Lutz, chief executive officer of the company stated, "Although it is difficult to assess how the eurozone debt crisis will impact the economy, from today's standpoint, we assume that the development of all our business units will remain stable."

The German company which provides trade, logistics, and associated services of agricultural products, building materials, and energy products recorded an EBIT of 151.4 million euros from 128.9 million euros in the prior year. All three segments contributed to the success of the year 2011. Agriculture, Energy and Building Materials all exceeded their year-earlier EBIT, the company noted.

Consolidated revenues grew about 21 percent and reached around 9.6 billion euros. Agriculture segment, which is the driver of the outstanding overall result of the company, achieved revenues of 4.3 billion euros, up more than 21 percent from last year and EBIT climbed by around 22 percent to 78 million euros.

Further, the company noted that a proposal will be put to the annual general meeting of shareholders to pay a dividend of 60 cents per share, up 20 percent from 2010.

In Frankfurt's Xetra, BayWa shares are currently trading at 28.65 euros, down 0.61 percent, on a volume of 19 thousand shares.

Register
To receive FREE breaking news email alerts for BayWa AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.