logo
Plus   Neg
Share
Email

BayWa FY20 EBIT Climbs, Proposes Higher Dividend - Quick Facts

BayWa AG (BYWG), a German operator in the agriculture, building materials and energy sectors, reported Monday that its fiscal 2020 preliminary earnings before interest and tax or EBIT increased 14.3 percent to 215.3 million euros from 188.4 million euros last year.

Revenues edged up 0.6 percent to 17.2 billion euros from prior year's 17.1 billion euros.

Further, the Board of Management and Supervisory Board propose raising the dividend for 2020 by 5 cents to 1.00 euro per share.

BayWa benefited from sustained high demand in all its segments in the past financial year as a provider of essential goods and services in the energy, agriculture and construction sectors.

BayWa will publish detailed figures for the year on March 25.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Performance Food Group Co. announced Tuesday its agreement to acquire Core-Mark Holding Co., Inc., a wholesale distributor to the convenience retail industry, in around $2.5 billion stock and cash transaction, including net debt. In pre-markey activity on Nasdaq, Core-Mark shares were gaining around 9 percent to trade at $45.86. Retail giant Walmart Inc. reported Tuesday a profit for the first quarter of fiscal 2022 that declined 31.6 percent from last year, hurt by net losses on equity investments, However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its guidance for the second quarter and for the full-year 2022. European Medicines Agency or EMA announced that Comirnaty, the COVID-19 vaccine developed by Pfizer and BioNTech, can have more flexible storage conditions, including up to one month in a normal fridge. The proposed change in the approved storage conditions, recommended by EMA's human medicines committee or CHMP, will help in easy handling of the vaccine in vaccination centres across the EU.
RELATED NEWS
Follow RTT