BayWa AG : Underlying earnings momentum ahead of expectations
>BayWa reported € 111.2m EBT for FY 2020 vs our € 99.0m estimate - We have reviewed our estimates on BayWa following the release of the final FY 2020 results. The result came in ahead of our estimate. Group pre-tax result stood at € 111.2m and thus ahead of our € 99.0m estimate. The positive deviation was driven by the global produce (fruit) business, conventional energy business and building materials and agri equipment business. We have lifted our EPS estimates mode...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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