BayWa AG : Q3 2020 results ahead of estimates driven by project business
>Q3 2020 EBIT stood at € 48.9m vs our € 44.3m estimate - BayWa reported a mixed set of results with € 48.9m group EBIT coming in ahead of our € 44.3m estimate. Positive deviations to our estimates were linked to the energy segment and building materials segment. The agri segment reported a mixed bag of results with agri equipment and international trading activities surprising on the upside and the German agricultural business posting a disappointing result. Global Pr...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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