Resilient first half of 2020: BayWa sees earnings increase in all operating segments
(WorldNews Netherlands)

Thanks to its high share of essential business activities, BayWa AG, Munich, Germany, proved to be resilient to the crisis in the first half of 2020. Earnings before interest and tax (EBIT) improved to €53.8 million (H1/2019: €52.2 million). At €8.2 billion, revenues were nearly on a par with the previous year (H1/2019: €8.4 billion). The positive development was driven by a significant increase in earnings in all operating segments. BayWa benefited first and foremost from the prevailing strength of the construction sector and from brisk demand for fruit, agricultural equipment and heating oil. `In an environment strongly influenced by the coronavirus pandemic and by difficult macroeconomic...