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Baywa Re, the subsidiary for renewable energies, is on course for growth. (Image: BayWa r.e.)
Munich (energate) - Baywa AG has benefited from a growing renewable energies business in the first half of the year. The group generated revenues of €12.9 billion (previous year: €9.3 billion). Earnings before interest and taxes (EBIT) more than doubled to €328.5 million (previous year: €144.6 million). The company had benefited from international efforts to become less dependent on fossil fuels, explained Klaus Josef Lutz, Baywa's CEO. He said that the e ...
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