Billion Loss in Baywa Recovery Plan Unchanged

www.t-online.de

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The Baywa Group reports a record loss of billions, as a result of the expansion rate of an overambitious manager.

hna.de

inFranken.de

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inFranken.de

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The fact that the multi-group suffering from billions of debt would report a loss for the past year was foreseeable. Unexpected is the extent.

Sueddeutsche Zeitung

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For a year now, the agricultural company Baywa has been in a deep crisis. It is clear that the business is going badly. Unexpected for many is the extent of the loss for 2024.

Frankfurter Allgemeine

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The damaged agricultural and building materials dealer expects a loss of 1.6 billion euros for the past year. However, the restructuring planned by the end of 2028 should not be jeopardised.

pv magazine Deutschland

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The Munich-based group expects a loss of around 1.6 billion euros in 2024, mainly due to depreciation of its shareholding in Baywa re. This is not intended to affect the implementation of the restructuring plan. Baywa AG published a loss announcement in accordance with Section 92(1) of the German Stock Corporation Act on Thursday. In this announcement, the Board of Management of the Munich-based group announces that in the course of the annual f…

LVZ - Leipziger Volkszeitung

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The Munich-based mixed group Baywa, which is important for agriculture and food supply, expects a record reduction of 1.6 billion euros for 2024 – mainly due to depreciation in the green electricity business. Nevertheless, the Executive Board does not see the renovation ongoing until 2028 at risk.