Brief: BayWa 9-Month Revenue At EUR 16.02 Bln

Baywa AG

14/11/2024 06:41

Nov 14 (Reuters) - BAYWA AG  BYWGnx.DE :
    * 9M REVENUE AT 16.02 BILLION EUR
    * 9M EBIT TOTALLED MINUS €299.8 MILLION
    * 9M GROSS PROFIT AT EUR 2.05 BILLION EUR
    * RESTRUCTURING IN THE THIRD QUARTER WEIGHED PARTICULARLY
HEAVILY
ON THE PERFORMANCE OF THE AGRICULTURAL PRODUCE AND BUILDING
MATERIALS TRADE
    * 9M EBT AT -592.2 MILLION EUR
    * 9M CONSOLIDATED NET RESULT FOR THE PERIOD AT -640.8
MILLION EUR
    * BOARD OF MANAGEMENT IS THEREFORE UNABLE TO PROVIDE AN
EARNINGS
FORECAST FOR THE 2024 FINANCIAL YEAR
    * BAYWA HAS REACHED AN AGREEMENT WITH ITS KEY FINANCIERS ON
A KEY
POINTS PAPER FOR THE RESTRUCTURING OF THE COMPANY UP TO 2027 AND
WILL RECEIVE ADDITIONAL CAPITAL TOTALLING AROUND EUR 500 MILLION
    * ASSUMES  THAT SUSTAINABLE RESTRUCTURING AND A NEW
FINANCING
ARRANGEMENT CAN BE ACHIEVED ON THE BASIS OF THE PRESENT DRAFT OF
THE  RESTRUCTURING REPORT

Further company coverage:  BYWGnx.DE 

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