Overview

• Supervisory board chair Gregor Scheller told the annual meeting that prosecutors are examining whether the 2023 annual report misstated the company’s position, including potentially inflated book values.
• The 2023 accounts were signed by then-CEO Marcus Pöllinger and CFO Andreas Helber, who have since departed, though authorities have not identified specific targets.
• Financial regulator BaFin has been reviewing BayWa’s 2023 financial statements since November 2024 over possible transparency breaches.
• BayWa reported a €1.6 billion loss for 2024 driven by roughly €900 million in write-downs on holdings, prompting a deep crisis and a broad restructuring effort.
• CEO Frank Hiller said the company is running its own probe and weighing claims against former managers and its auditors, including possible clawbacks, as shareholders demanded changes on the supervisory board.