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.