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BayWa (BYW) investor relations material
BayWa Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Comprehensive restructuring initiated due to liquidity, earnings, and strategy crisis in H2 2024, with a legally binding agreement reached with key creditors and anchor shareholders by June 2025.
Structural and operational transformation is well advanced, with strengthened liquidity and increased customer and supplier confidence.
Major divestments include the completed sale of RWA and ongoing negotiations for the sale of Cefetra Group B.V.
Financial highlights
Revenue for the first nine months of 2025 declined by 22.2% year-over-year to €9.6 billion, mainly due to deconsolidation effects and lower prices for key raw materials.
Cost discipline, site closures, and personnel measures have improved revenue profitability despite lower sales.
Outlook and guidance
Earnings forecasts for 2025 have been withdrawn due to regulatory changes in the US affecting the Renewable Energies Segment, specifically the One Big Beautiful Bill Act (OBBBA).
The Board remains confident in the ongoing transformation and focus on four core business areas.
- TimeTickerHeadlineOpen
- 5 FebNOV
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Operating profit doubled YOY in Q4 2025, led by digital and global content growth. - 5 Feb033780
Record revenue, profit, and shareholder returns driven by global expansion and real estate growth. - 5 FebCMS
2025 adjusted EPS up 8%+ to $3.61, beating guidance, with a $24B capital plan and higher 2026 outlook. - 5 FebBTU
Q4 net income fell, but Centurion ramp-up and U.S. demand support future growth. - 5 FebFGA
Record Q3 revenue and strong backlog support positive outlook despite operational risks.
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