BayWa: consolidates the fruit and vegetable activity in its 100% subsidiary BayWa Global Produce GmbH

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BayWa AG

Public relations / Corporate communication / Public affairs

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Telephone +49 89 9222-3680

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+49 89 9212-3680

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www.baywa.com / Press

10821-PIU37

04 October 2021 Antje Krieger

+49 89 / 9222-3692

+49 89 / 9212-3692 [email protected]

BayWa AG consolidates its fruit and vegetable business in its 100% subsidiary BayWa Global Produce GmbH

The fruit and vegetable company becomes a sole proprietorship under a new brand image with a board of directors of three members

Munich, October 04, 2021 – Ten years after launching its internationalization strategy in the fruit sector, BayWa AG is consolidating its fresh produce business in the wholly-owned BayWa Global Produce GmbH. Based on a new corporate structure with a management board, BayWa will strategically develop its activities in the fruit and vegetable sector in order to take advantage of the potential of the growing global demand for fresh produce through investments and partnerships. At the same time, the new company emphasizes the importance of the fruit and vegetable trade through an individual brand and a unique look.

“By taking this step, we are strengthening the fresh produce sector as a profitable engine for investment and growth within the BayWa Group,” said Prof. Klaus Josef Lutz, Managing Director of BayWa AG and Chairman of the Supervisory Board of BayWa Global Produce GmbH. . “The creation of BayWa Global

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Produce GmbH is a forward-looking step to consolidate and further develop our position in the international market. The company is headed by Benedikt Mangold (CEO), Bastian von Streit (CFO) and Katelyn Jones (CBDO). the new organizational structure, the participations in BayWa Obst GmbH & Co. KG (Germany), T&G Global Ltd. (New Zealand), TFC Holland BV (Netherlands) and Al Dahra BayWa Agriculture LLC (United Arab Emirates) are transferred to BayWa Global Produce GmbH.

For a common positioning and as part of a global strategy, BayWa Global Produce will build on the strengths of its affiliates and will continue to invest in its portfolio with a focus on genetics, growth, markets and l ‘innovation.

“We are passionate about great products and aspire to actively shape stable value chains through innovative solutions,” says Benedikt Mangold, explaining the self-image of the new company. “By acting responsibly and focusing on forward-looking business models, we aim to create sustainable added value for our partners and the community.”

The resilient network, the strength of innovation and the products and brands with high added value are an excellent starting point to differentiate yourself from the competition.

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aspects of sustainability. Following this aspiration serves as a guide and benchmark, ”says Benedikt Mangold.

The company underlines its independence through an individual logo. Mangold: “Visually, we build on the solid foundation of BayWa and by using organic shapes we highlight the natural shape of the products in our industry. The new monochrome logo will play a key role in future projects while emphasizing the importance of sustainability.

BayWa Global Produce

Global Produce is one of the youngest and fastest growing business units of the BayWa Group, with more than 3,000 employees worldwide generating annual sales of approximately € 1 billion. Having evolved from its beginnings as an apple trader in the Lake Constance region, BayWa Global Produce is today one of the leading suppliers of fruit and vegetables in the world. Key stages in its development include the acquisition of T&G Global Ltd (Auckland, New Zealand) in 2012 and the acquisition of a majority stake in Dutch exotic fruit and vegetable supplier TFC Holland BV in 2016, as well as the creation of a partnership with Al Dahra Holding LLC and their entry into greenhouse fruit vegetable production in the United Arab Emirates in 2017.

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Editor:

Antje Krieger, BayWa AG

Press Officer, Public Relations / Corporate Communication / Public Affairs

Telephone: +49 89 / 9222-3692, Fax: +49 89 / 9212-3692

E-mail: [email protected]

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Disclaimer

BayWa AG published this content on 04 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 04 October 2021 07:06:14 AM UTC.

Public now 2021

Analyst Recommendations on BAYWA AG
Sales 2021 18,157 million
21,071 M
21,071 M
Net income 2021 54.4 million
63.1 million
63.1 million
Net debt 2021 2,793 million
3,241 million
3,241 million
PER 2021 ratio 28.4x
Yield 2021 2.28%
Capitalization 1,287 million
1,492 million
1,493 million
VE / Sales 2021 0.22x
VE / Sales 2022 0.22x
Number of employees 20,801
Free float 38.2%

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Average consensus SOCKET
Number of analysts 1
Last closing price

€ 46.00

Average price target

€ 43.50

Spread / Average target -5.43%



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