BayWa Full-Year Report 2023

After years of strong growth, the macroeconomic environment changed massively for BayWa AG in 2023, as reflected in the balance sheet for the most recent financial year. Consolidated revenues totalled €23.9 billion in the financial year 2023 (2022: €27.1 billion). At €304.0 million (2022: €504.1 million), operating earnings before interest and tax (EBIT) were down on the previous year’s exceptional results, as expected. The Group therefore only fell just short of its annual forecast of €320 to €370 million. Although BayWa succeeded in increasing EBIT by 14% compared to 2021, before the start of the war against Ukraine, the rapid rise in interest rates had a negative impact on all business divisions and put pressure on the internationally active portfolio company’s earnings. After deducting interest and tax, BayWa closed the past financial year with a loss of €93.4 million, down €332.9 million year on year.

Highlights

• BayWa AG closes the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year.
• The rapid rise in interest rates is having a negative effect on earnings across all business divisions.
• After interest and tax, the consolidated net loss for the year stands at €93.4 million, compared to a net profit of €239.5 million in the previous year.
• With “Strategy 2030”, CEO Marcus Pöllinger aims to boost the Group’s profitability in the long term and return BayWa to positive territory in 2024.