BayWa AG : BayWa reported Q2 2020 with solid earnings momentum
>Q2 2020 EBIT came in ahead of estimates - BayWa reported Q2 2020 EBIT of € 81.6m (up 24% y-o-y) and thus ahead of € 75.0m consensus (FactSet) and our € 66.1m estimate. H1 2020 EBIT stands at € 53.8m and is up by 3% y-o-y. Bottom-line earnings were burdened by increasing financial expenses and higher minorities in H1 2020. As a result of this, reported EPS declined by 22% y-o-y to a loss of € 0.54 for H1 2020. Agricultural segment improved in Q2 2020 - §s...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.
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