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BayWa Records €1.6 Billion Loss in 2024, Begins Site Closures

Management says financing through 2028 remains secure following the start of Bavarian site closures, 700 job cuts, planned €200 million capital injection

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Overview

  • The Munich-based agribusiness posted a record €1.6 billion loss for 2024, driven primarily by write-downs at its renewable-energy subsidiary BayWa r.e.
  • BayWa confirmed its creditor-backed restructuring plan through 2028 remains viable with financing arrangements intact.
  • The company initiated the first four closures of 26 Bavarian locations and eliminated about 700 positions of a planned 1,300-job reduction.
  • Earlier divestments, including the sale of its Cefetra unit, have reduced liabilities by more than €1 billion against a total debt load exceeding €5 billion.
  • A €200 million capital increase is set to bolster the balance sheet, with cooperative shareholders committing €150 million