BayWa's renewables EBIT grows 8.9% in 2018

Renewables Now | April 01, 2019

The renewables unit of German diversified group BayWa AG (ETR:BYW6) has lifted by 8.9% on the year its earnings before interest and tax (EBIT) to EUR 72.5 million (USD 81.5m) in 2018, the parent said on Friday. The total accounts for most of BayWa’s energy segment EBIT, which also includes results from classic energy operations. The company’s energy division closed 2018 with EBIT of EUR 96 million, rising 12.9% in annual terms. Earnings before interest, tax, depreciation and amortisation (EBITDA) at the renewables unit came at EUR 95.8 million, up 2% on a yearly basis.

Spotlight

Today, we consume a truly vast amount of energy - with demand continuing to skyrocket at an alarming rate. We know that producing this energy has significant environmental impacts and emitting so much carbon dioxide into the atmosphere could cause catastrophic climate change. In this film, three academics look at wind power, carbon capture and storage (CCS) and material efficiency as examples of how we can cut our C02 emissions.

Spotlight

Today, we consume a truly vast amount of energy - with demand continuing to skyrocket at an alarming rate. We know that producing this energy has significant environmental impacts and emitting so much carbon dioxide into the atmosphere could cause catastrophic climate change. In this film, three academics look at wind power, carbon capture and storage (CCS) and material efficiency as examples of how we can cut our C02 emissions.

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