In the first half of 2014, BayWa AG generated revenues of €7.7 billion (2013: €8.3 billion) and EBIT of €62.1 million (2013: €2 million).
The major difference between the two sets of half-year results is predominantly due to one-off effects in the first half of 2013, as EBIT of around €95 million was generated from the sale of properties. Operating EBIT of just under €92 million in the first half of 2014 (2013: around €100 million) shows that BayWa AG performed strongly in its markets. Markets' development has been extremely volatile over the past three months: In particular, the development in the agricultural sector was characterised by sharp declines in grain and oilseed prices in the second quarter of 2014 and a corresponding reduction in farmers' willingness to sell and apprehension among processing companies in terms of buying activities, leading to a fall in earnings.
