BayWa Q3 Report 2023

After the first nine months of the current financial year, the BayWa Group reported a foreseeable decrease in revenues of 9.4% year on year to around €18.2 billion. A clear drop in sales prices for raw materials and agricultural inputs were the main reason for the drop in revenues.

The BayWa Group’s total assets stood at €12,897.1 million as at the end of the third quarter of 2023 and were therefore slightly lower than at the end of the financial year 2022, when they came to €12,976.4 million. This decline was mainly due to two effects that ran contrary to one another: Inventories fell by €274.8 million to €4,482.0 million, predominantly as a result of project sales in the Renewable Energies Segment, and current assets from derivatives were also down on the end of the financial year 2022, falling by €185.0 million to €426.2 million. On the other hand, non-current assets climbed by €304.5 million to €4,695.4 million due primarily to the increase in energy infrastructure under construction in the IPP (Independent Power Producer) business entity as part of the Renewable Energies Segment of €240.2 million to €3,298.3 million. Total assets declined by €841.3 million compared to 30 September 2022.