BayWa AG

euro adhoc: BayWa AG
Annual Reports
BayWa Group on growth path despite declining markets Increase in operating profit (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Munich, 31 March 2004 - The Supervisory Board and the Advisory Council of the BayWa Group have confirmed the 2003 consolidated financial statements. In 2003, the BayWa Group raised sales by 10% to EUR 5.9 billion. Growth was generated by the takeover of Stuttgart-based WLZ Raiffeisen AG and by market expansion in the Energy and Construction segments. The Group improved operating profit, adjusted for one-off factors, by 9.4 % to EUR 40.8 million. Net income for the year fell, as scheduled, from EUR 49.9 million to EUR 24.4 million due to the fact that the previous year included one-off proceeds from the sale of a food chain. A stable dividend of EUR 0.24 per share will be proposed to the Annual General Meeting. For the current financial year, the management of the Group expects a more favourable economic environment and fewer exceptional one-off factors. Against this background, stable sales and earnings increase have been planned. More information will be provided by the Group on 1 April at 10 a.m. at the Press Conference on the Financial Statements and at 14 p.m. at the Analysts' Conference.

BayWa Aktiengesellschaft Sec. code no. 519406 // ISIN DE0005194062;  Sec. code no. 519400 // ISIN DE0005194005

end of announcement            euro adhoc 01.04.2004

Further inquiry note: Birgit Sigl Tel.: +49 (0)89 9222 3692 E-Mail:

Branche: Agriculture
ISIN:      DE0005194062
WKN:        519406
Index:    CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen:  Bayerische Börse / official dealing
              Frankfurter Wertpapierbörse / official dealing

Weitere Meldungen: BayWa AG

Das könnte Sie auch interessieren: