Munich-based BayWa AG has brought the financial year 2011 to a resoundingly successful close. The trading and services group reports considerable growth in both revenues and earnings before interest and tax (EBIT) in the provisional figures released today: consolidated revenues came to around EUR 9.6 billion in 2011, which is approximately 21 percent above the year-earlier figure. The increase in revenues is higher than BayWa expected. EBIT rose from EUR 128.9 million to approximately EUR 151 million, which corresponds to a growth of 17.5 percent.

"Last year's very positive performance shows that the strategy adopted to promote targeted growth and internationalisation, with its focus on our core business, is right", stated Klaus Josef Lutz, Chief Executive Officer of BayWa AG. He added that the improvement in operating activities was also very gratifying, and that the successful course of business in 2011 would also be reflected in the dividend paid for the year ended. The Board of Management will propose to the Supervisory Board that the dividend be raised from 50 cents to 60 cents, which is equivalent to a 20 percent increase. "From 32 cents in 2007, the BayWa share's dividend has then nearly doubled", emphasized Klaus Josef Lutz.

 BayWa AG will be releasing the detailed figures, together with the annual financial statements, on 29 March 2012.