BayWa AG : BayWa reported a solid start to the year; recommendation downgraded to Reduce on valuation considerations
>Underlying profitability slightly better than expected; reported group EBIT below expectations due to one-offs - BayWa reported a negative group EBIT of € 27.8m for Q1 2020 and thus below our estimate of a negative EBIT of € 21.1m (Q1 2019:- €13.8m) for the quarter. The negative deviation was driven by negative one-offs in the other segment items (€ 3m forex hedge accounting losses, € 2m lower real estate disposal gains, € 3m IFRS effect and € 2m lower income from pa...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.