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BYW — Baywa AG News Story

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Germany's BayWa reports lower nine-month revenue as restructuring measures weigh

Nov 27 (Reuters) - Germany's BayWa BYWGnx.DE reported lower revenue for the first nine months of the year on Thursday, as the agricultural supplies trader divested several assets to pay off excessive debt.

The Munich-based group's revenue fell 22% in the January-September period to 9.6 billion euros ($11.1 billion), compared to a year ago.

It has grappled with rising borrowing costs that have forced it to launch a restructuring plan, including job cuts.

($1 = 0.8627 euros)

(Reporting by Tristan Veyet in Gdansk, editing by Milla Nissi-Prussak)

((Tristan.Chabba@thomsonreuters.com;))

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