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BayWa (BYW) investor relations material
BayWa Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ongoing reorganisation since 2024, with a focus on core segments and significant portfolio adjustments, including the sale of several subsidiaries and a reduction in bank liabilities by €1.3 billion.
The sale of Cefetra Group B.V. in Q1 2026 reduced bank liabilities by over €600 million and marked a milestone in the transformation process.
The reorganisation concept is being revised due to deteriorated market conditions, especially in wind and solar projects, impacting expected proceeds from BayWa r.e. AG.
Liquidity remains secure and operating business is developing solidly despite ongoing transformation and market challenges.
Financial highlights
Q1 2026 revenues were €2.3 billion, down 35.3% year-over-year (Q1 2025: €3.6 billion); adjusted for divestitures, the decline is 18.2%.
Revenue decline attributed to weather, weak construction industry, and product range adjustments.
Outlook and guidance
Revised reorganisation concept underway, with a standstill agreement with banks until autumn 2026 to facilitate structured revision and approvals.
Publication of 2025 annual and consolidated financial statements delayed until reorganisation revision and audit completion.
Management expects the revised concept to provide a sustainable basis for the company.
- Revenue down 22.2% to €9.6bn; restructuring boosts profitability; 2025 outlook withdrawn.BYW
Q3 202527 Nov 2025 - Restructuring and asset sales drove a €527.8m loss, but EBITDA is forecast to rebound.BYW
H1 202519 Aug 2025 - Liquidity crisis triggered restructuring, €1.6bn loss, and major asset sales; outlook remains risky.BYW
H2 202410 Jul 2025 - Net loss of €290.5 million in H1 2024 amid heavy impairments and restructuring.BYW
Q2 202413 Jun 2025 - BayWa posted a €640.8 million net loss in Q1-3 2024 amid restructuring and market headwinds.BYW
Q3 202413 Jun 2025 - Q1 2025 revenues dropped 9.2% as BayWa accelerated restructuring and reduced debt.BYW
Q1 20255 Jun 2025
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