Report
BayWa AG : Q2 2018 results show expected catch-up effects; Q3 2018 set to benefit from rising agricultural commodity prices
>Q2 2018 results slightly ahead of our estimates - BayWa reported Q2 2018 group EBIT up 13% yoy to € 73.1m, slightly ahead of our € 70.0m estimate. As expected, the company benefited from weather-related catch-up effects in its segments Agri Supply & Trade (BAST), and Building Materials. H2 2018e should be propelled by the sale of Renewable Energy Projects and improving trading profits thanks to increasing agricultural commodity prices. We leave our full-year 2018 EBI...
Underlying
Baywa AG
Provider
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.
Roland Pfaender,MBA,CFA,CCRA
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