Report
Roland Pfaender,MBA,CFA,CCRA

BayWa AG : Q4 2018e should offset soft 9M 2018

>2018e profits will be extremely back-end loaded - BayWa reported very soft Q3 2018 results with an EBIT loss of €3.8m vs. positive EBIT of €47.8m in Q3 2017. The main culprits of this negative swing were the Renewable Energy segment (with profitable projects to be booked predominantly in Q4 18) and Agri Trade and Service (low demand for input resources; increased logistic costs). International agri trading, agri equipment, global produce and building materials busine...
Underlying
Baywa AG A

BayWa is a trading and service company. Co. operates in six business units: Agricultural Trade, which comprises trading in agricultural produce and operating resources; Fruit, which includes activities of fruit growing and trading; Agricultural Equipment, which provides agricultural equipment and services; Energy, which supplies heating oil, fuels, lubricants and wood pellets to customers; Renewable Energies, which provides customers services geared to project planning for wind power, biogas facilities and solar power plants; and Building Materials, which comprises building materials sales activities as well as the operation of DIY and garden centres of Co.'s Austrian group companies.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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