BayWa AG / Forecast
27.10.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BayWa Group raises 2008 earnings forecast
Automobile business not to become a core division
BayWa Group is raising its 2008 pre-tax earnings forecast from 'EUR 90
million + x' to significantly above EUR 100 million. Group CEO, Klaus Josef
Lutz, cites extraordinarily good growth in its core Agriculture division as
the reason for this revised estimate. The Group will publish more
information on this topic along with its third-quarter report on November
13, 2008. The Group's management also announces that its automobile
business will not be developed into one of Baywa's core divisions following
a detailed review. A study commissioned from DZ Bank came to the conclusion
that the sector faces a disadvantageous relationship between opportunities
and risks.
BayWa Aktiengesellschaft, Arabellastrasse 4, 81925 Munich, www.baywa.de
WKN 519406 // ISIN DE0005194062; WKN 519400 //
ISIN DE0005194005
Contact:
Lothar Schönberger, Tel. 089/9222-3692, E-Mail:
lothar.schoenberger@baywa.de
DGAP 27.10.2008
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Language: English
Issuer: BayWa AG
Arabellastraße 4
81925 München
Deutschland
Phone: 089/ 9222-3692
Fax: 089/ 9222-3698
E-mail: presse@baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: BayWa Group raises 2008 earnings forecast
| Source: EQS Group AG