Munich (dpa/lby) - The Munich-based conglomerate Baywa is confident that this year it will be able to make an even bigger jump in profits than previously promised. According to a statement on Tuesday, the SDax-listed company achieved earnings before interest and taxes (EBIT) of around 460 million euros in the first nine months based on preliminary figures. Therefore, 475 to 525 million euros are now expected for the year as a whole.
The company benefits from the business with renewable energies and trading in agricultural products and had already raised the profit forecast to 400 to 450 million euros in July. For example, the prices for grain and fertilizer had risen significantly this year. In 2021, Baywa had achieved an operating result of almost 267 million euros.
