L R AS Published on Monday 6 April 2020 - n° 316 - Categories:company results
BayWa r.e. in 2019 and 2020
BayWa AG refrained from making performance forecasts for 2020 as long as the implications of the epidemic remain unclear. "It is not possible" to correctly anticipate the results in 2020.
The group's renewable activity
last year achieved a gross operating profit of €138m and an operating profit of €101m. 912 MW were delivered (compared with 458 MW in 2018). The portfolio of renewable power plants under management increased from 5.7 GW to 8.3 GW. Photovoltaic component trading activity increased by 70% to 927 MWp, boosted by lower panel costs. Turnover is not shown.
BayWa AG is looking for new capital to expand.
BayWa r.e. expects to achieve sales and operating profit in 2020 comparable to those of 2019. This year, a larger part of the revenues will come from the sale of project rights. The company has a portfolio of 1.2 GW of solar projects mainly in the United States (which alone accounts for 50% of the global pipeline), the Netherlands and Mexico.
PV Tech of 27 March
