BayWa AG sees tremendous growth

All operating segments contributed to this development, with some seeing tremendous earnings growth. “In a highly volatile market environment characterised by scarce resources and disruptions to supply chains, we reliably lived up to the trust of our customers in BayWa’s ability to deliver,” says Prof. Klaus Josef Lutz, Chief Executive Officer of BayWa. The company is also benefiting from the international efforts to achieve greater independence from fossil energy, which are gaining further momentum due to the energy crisis. As a result, the very good development of business in the Renewable Energies Segment will continue in the remaining months of the financial year, Lutz explains, adding: “Thanks to the strong first half of the year, we are entering the second half with tremendous momentum. We have therefore raised our guidance for the year and expect to see full-year EBIT of €400 million to €450 million in 2022.”