BayWa posts 222.2 mln euros of impairment losses in H1

Baywa AG

27/09/2024 12:13

Sept 27 (Reuters) - German agricultural group BayWa
 BYWGnx.DE  said on Friday it had recorded non-cash impairment
losses of 222.2 million euros ($248.1 million) in the first half
of 2024, more than half of which was attributable to its
renewable energy unit BayWa r.e.
    "These depreciations have no negative impact on the BayWa
Group's ongoing restructuring efforts and the implementation of
the restructuring concept currently being developed," the
company said in a statement ahead of the publication of its
half-year results, postponed in July.
($1 = 0.8957 euros)

 (Reporting by Tristan Veyet in Gdansk, editing by xxx)
 ((Tristan.Chabba@thomsonreuters.com;))