DGAP-News: BayWa's 2011 results fulfil high expectations
(firmenpresse) - DGAP-News: BayWa AG / Key word(s): Preliminary Results
BayWa's 2011 results fulfil high expectations
01.03.2012 / 10:06
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BayWa's 2011 results fulfil high expectations
Munich-based BayWa AG has brought the financial year 2011 to a resoundingly
successful close. The trading and services group reports considerable
growth in both revenues and earnings before interest and tax (EBIT) in the
provisional figures released today: consolidated revenues came to around
EUR 9.6 billion in 2011, which is approximately 21 percent above the
year-earlier figure. The increase in revenues is higher than BayWa
expected. EBIT rose from EUR 128.9 million to approximately EUR 151
million, which corresponds to a growth of 17.5 percent.
'Last year's very positive performance shows that the strategy adopted to
promote targeted growth and internationalisation, with its focus on our
core business, is right', stated Klaus Josef Lutz, Chief Executive Officer
of BayWa AG. He added that the improvement in operating activities was also
very gratifying, and that the successful course of business in 2011 would
also be reflected in the dividend paid for the year ended. The Board of
Management will propose to the Supervisory Board that the dividend be
raised from 50 cents to 60 cents, which is equivalent to a 20 percent
increase. 'From 32 cents in 2007, the BayWa share's dividend has then
nearly doubled', emphasized Klaus Josef Lutz.
BayWa AG will be releasing the detailed figures, together with the annual
financial statements, on 29 March 2012.
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98,
e-mail: marion.danneboom(at)baywa.de
End of Corporate News
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01.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Germany
Phone: 089/ 9222-3691
Fax: 089/ 9222-3698
E-mail: marion.danneboom(at)baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
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