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{{short description|German agriculture company}}
{{Unreferenced|date=August 2010}}
{{wikify|date=October 2010}}
{{COI|date=January 2021}}
{{use American English|date=January 2021}}

{{use dmy dates|date=January 2021}}
{{Infobox company
{{Infobox company
| name = BayWa AG
| name = BayWa AG
| logo = [[File:BayWa.svg|130px]]
| logo = BayWa_Logo.svg
| logo_size = 130px
| type = [[Aktiengesellschaft]] ({{FWB|BYW6}})
| predecessor =
| image =
| image_caption =
| foundation = 1923
| type = [[Aktiengesellschaft]]
| founder =
| traded_as = {{FWB|BYW6}}
| location_city = [[Munich]]
| ISIN =
| location_country = [[Germany]]
| industry = [[Retailing|Retail]] and [[agribusiness]] [[conglomerate (company)|conglomerate]]
| area_served =
| founded = {{Start date and age|1923}}
| key_people = Klaus Josef Lutz <small>([[chief executive officer|CEO]] and chairman of the management board)</small>, Manfred Nüssel <small>([[Chairman]] of the [[supervisory board]])</small>
| founder =
| industry = [[Retailing|Retail]] and [[agribusiness]] [[conglomerate (company)|conglomerate]]
| hq_location_city = [[Munich]], [[Bavaria]]
| products = Trading of [[agriculture|agricultural]] products, [[fertilizer|fertiliser]] and [[seed]]s, sale of [[Agricultural machinery|agricultural equipment]], [[fruit]] [[Distribution (business)|distribution]]
| hq_location_country = [[Germany]]
| production =
| num_locations = 50
| services = [[Do it yourself|DIY]] stores, [[garden centre]]s, [[building material]] retail, [[fuel station]]s
| num_locations_year = 2021
| revenue = €7.260 billion <small>(2009)</small><ref name="AR2009">{{cite web |url=http://ir.baywa.de/fileadmin/baywa-ir/downloads/berichte/gb_download/BayWa_Konzernabschluss_2009_e.pdf |title=Annual Results 2009 |accessdate=16 May 2010 |publisher=BayWa}}</ref>
| area_served = Worldwide
| operating_income = €115.4 million <small>(2009)</small><ref name="AR2009" />
| key_people = {{unbulleted list|[[Klaus Josef Lutz]]<br /><small>([[chief executive officer|Chief Executive Officer]] and Chairman of the Management Board)</small>|Manfred Nüssel<br /><small>([[Chairman]] of the [[Supervisory Board]])</small>}}
| net_income = €45.0 million <small>(2009)</small><ref name="AR2009" />
| products = Trading of [[agriculture|agricultural]] products, [[fertilizer|fertiliser]] and [[seed]]s, sale of [[Agricultural machinery|agricultural equipment]], [[fruit]] [[Distribution (business)|distribution]]
| num_employees = 15,310 <small>(2009)</small><ref name="AR2009" />
| revenue = {{increase}} €27.1 billion
| divisions =
| revenue_year = 2022
| subsid =
| num_employees = {{increase}} 22,508
| homepage = [http://www.baywa.com/ www.baywa.com]
| num_employees_year = 2022
| intl = yes
| website = {{URL|baywa.com/en}}
| footnotes = Consolidated Financial Statements 2022<ref name="Consolidated Financial Statements">{{Citation|language=en|publisher=BayWa|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms-en/downloadcenter/consolidated-financial-statements/consolidated-financial-statements-2022/consolidated-financial-statements-2022/baywacms%3Adownloadpdf/EN_BayWa_Consolidated_Financial_Statements_2022_Homepage_verschluesselt_V2.pdf|title=Consolidated Financial Statements 2022}}</ref>
}}
}}


'''BayWa AG''' (until 1972: ''Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften AG'') is an internationally active group [[Headquarters|headquartered]] in [[Munich]], [[Germany]].<ref>{{Citation|language=de|url=https://www.unternehmensregister.de/|title=BayWa Aktiengesellschaft|website=Unternehmensregister|publisher=Bundesanzeiger Verlag|access-date=2020-10-01}}</ref> Originally founded to support domestic [[agriculture]], the company expanded its activities to the [[construction]] and [[energy]] sectors.<ref>{{Citation|language=de|title=BayWa im Wandel der Zeiten: Von der Getreideannahmestelle zum Bau- und Gartenfachmarkt|newspaper=Main-Post|date=1998-02-26}}</ref><ref>{{Citation|language=de|first=Julia|last=Hassmann|title=BayWa: Äpfel und Wind. Der Handelskonzern setzt auf die richtigen Felder – Agrar, Energie und Bau – und katapultiert sich mit seinen Übernahmen in eine neue Liga.|newspaper=Focus Money|date=2013-05-15|pages=60–61}}</ref> BayWa is represented in more than 50 [[Country|countries]] through its [[Subsidiary|subsidiaries]] and [[Holding company|holdings]]. The [[shareholder]] structure is still determined by the [[cooperative]] sector, which has shaped the corporate culture since its founding.<ref name="Shareholders" />
Based in [[Munich]], '''BayWa Aktiengesellschaft''' (BYW6 GY) is a German company which deals in Retails, Wholesales and Services. Basically, it caters to Agriculture, Building Materials and Energy sectors. It provides trading, strategic services and other miscellaneous Services in these sectors. Its primary target is to provide for the fundamental human needs of hunger, shelter, energy and transportation.


== History ==
The BayWa Group is spread across 14 countries. In [[Germany]] and [[Austria]], it operates in all the three Core Segments of its business and also as a [[Franchising|franchisee]]. The Agriculture segment is further spread via local small scale companies in Belgium, France, [[Czech Republic]], [[Slovenia]], [[Croatia]], Poland, [[Slovakia]], Hungary and [[Serbia]]. With respect to its [[Renewable Energy]] Resources business, France and Spain are of vital importance. BayWa R.E (Renewable Energy) GmbH operates in these countries through RENERCO Renewable Energy Concepts AG and MHH Solartechnik [[Gesellschaft mit beschränkter Haftung|GmbH]], its subsidiaries. As its expansion plan, BayWa is building its DIY & Garden Centres and Building materials franchise in Italy, and Bosnia and Herzegovina.


=== Foundation and early years ===
==Corporate history==
[[File:BayWa Stammhaus Tuerkenstraße.jpg|thumb|Flagship store on Türkenstrasse in Munich]]
BayWa AG was founded in 1923. It has its Head Office in Munich, Germany. Agricultural products, Building and Construction Related Products and Energy Industry are its prime operational areas where it operates in both the Retail and Wholesale segments. It has a turnover of approximately 8 billion Euros. It has about 2700 sales locations. The major portion of the Group’s profits comes from the Agriculture and Food Products business. It does business of Agricultural resources and then supplies the agro products from the field to the food processing industry. BayWa is one of the largest companies in this field{{Citation needed|date=August 2010}} and some of its products are exported worldwide. Agricultural Equipment Business unit is involved with equipment, machinery, construction and facilitation through a widespread network of dedicated workshops. Here also, BayWa is one of Europe’s premier Full-line Suppliers. In the building materials industry ranking in Germany, BayWa stands Second.


BayWa's history goes back to the Bayerische Zentral-Darlehenskasse (BZDK), which was founded in 1893, and was active in both the [[bank]]ing and [[Commodity|commodities]] business.<ref name="History">{{Citation|language=de|url=https://www.baywa.com/konzern/historie/historie.html|title=Historie|publisher=BayWa|access-date=2020-10-01}}</ref> One of its central tasks was to enable [[farmer]]s to purchase means of production at low cost and to market their products profitably. In 1920, the BZDK had hundreds of [[warehouse]]s for [[grain]], [[Fertilizer|artificial fertilizers]], feedstuffs, and [[machine]]ry, mainly in [[southern Germany]]. As a result of the [[World War I|First World War]], economic conditions steadily deteriorated. The devaluation of cash and [[Deposit account|bank deposits]] led to [[Hyperinflation in the Weimar Republic|hyperinflation]], which prompted the BZDK to separate its banking and [[Merchandising|merchandise]] business. The [[General assembly|general meeting]] on January 17, 1923, thus marked the founding of the ''Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften'' in the legal form of a [[Joint-stock company|stock corporation]]. In the [[vernacular]], ''BayWa'' became established as the [[Short form (linguistics)|short form]] of the company.<ref>{{Citation |title=Abbildungen zum Beitrag von E. Blumenthal (S. 53-61) |url=http://dx.doi.org/10.1515/9783050079950-018 |work=Sakralität von Herrschaft |year=2002 |place=Berlin, Boston |publisher=DE GRUYTER |doi=10.1515/9783050079950-018 |isbn=9783050079950 |access-date=2022-07-19}}</ref> From the beginning, the company focused on modern agriculture, especially through its range of machinery and services for [[Maintenance (technical)|repair]]. In order to become less dependent on business in Germany, grain was also exported to [[Austria]], [[Switzerland]], and [[Italy]] from 1927. As a result, BayWa's sales exceeded the 100 million [[Reichsmark]] mark for the first time.{{Citation needed|date=November 2023}}
==Goals, Strategy and Business Model==
The main aim is to consolidate its position in the industrial segments it caters to. Simultaneously, its expertise in the business and its strategic strength are being used to create new high profit and fast growing business opportunities. Thus, the actual aim can be stated as to focus on the existing powers and core skills while expanding the business into new arenas.


The takeover of power by the [[Nazism|National Socialists]] also brought drastic changes for the agricultural and [[food industry]].<ref name="History" /> From 1933, all agricultural organizations were brought into line. In 1934, the unification of the Bavarian cooperative system was ordered.<ref>{{Citation|language=de|title=Auf dem Jahntribünen-Fresko ist mein Vater.|newspaper=Mittelbayerische Zeitung|date=2017-03-24}}</ref> Political influence on the company continued to grow.<ref>{{Citation|language=de|url=https://www.gda.bayern.de/findmitteldb/Archivalie/1579778/|title=Maßnahmen zur Erhaltung und Förderung der Landwirtschaft (Sammelakt)|publisher=Staatsarchiv München|access-date=2020-07-23}}</ref> When Josef Haselberger, then [[Chairperson|chairman of the board]], died in 1935, the [[Nazi Party|NSDAP]] appointed Friedrich Eichinger as his successor. He led the company until the end of National Socialism.
The Business model of BayWa is a [[branched structure]] divided into the areas of Agriculture, Construction Materials and Energy Supply. One of the factors behind BayWa’s success is its rural trading methodology. It has been growing steadily and expanding its business in its expertise areas thus emerging as a leading group today.


After the outbreak of the [[World War II|Second World War]], BayWa switched to a wartime economy in 1939. The company played a prominent role in "safeguarding the Reich's food supply. For example, BayWa convinced farmers of the production-enhancing effect of artificial fertilizer. In order to meet the requirements of the rulers alone, BayWa employed an additional workforce of almost 700 during this period. The company archives do not provide any information on whether forced laborers were among them, but it can be assumed that they were.<ref>{{Citation|language=de|first=Klaus-Peter|last=Schmid|url=https://www.zeit.de/2000/43/Warten_auf_ein_Wunder/komplettansicht|title=Warten auf ein Wunder: Noch immer hoffen die ehemaligen Zwangsarbeiter vergebens auf eine Entschädigung.|website=Die Zeit|date=2000-10-19|access-date=2020-07-10}}</ref>
Structure of BayWa AG gorup :


=== Reconstruction after the Second World War ===
# Agriculture
In the course of the Second World War, 23 BayWa warehouses were destroyed. The headquarters in Munich was also affected by the [[Strategic bombing during World War II|Allied bombing]] raids. By the end of the war in 1945, 512 of around 6,000 employees had died; 487 were missing or in captivity. With the aim of denazification, all members of the [[Board of directors|Board of Management]] and [[Supervisory board|Supervisory Board]] had to vacate their posts in 1945.<ref name="History" /> In addition, dozens of managers were dismissed. Their successors initially took office on an interim basis. Josef Singer took over as chairman of the Board of Management of BayWa. Due to its strategic importance for supplying the population with food, BayWa received early approval from the [[Office of Military Government, United States|U.S. military government]] to resume its business operations as well as nationwide shipments.
## Agricultural Trade
## Agricultural Equipment
# Building Materials
## Building Materials
## DIY and Garden Centres
# Energy
## Energy
## BayWa r.e


The 1950s were marked by [[structural change]] in agriculture.<ref name="History" /> In the countryside, there was a lack of personnel for the steady expansion of agricultural operations, as the growing industry became more attractive to many workers. BayWa responded by expanding its range of machinery as well as maintenance and services in the technology sector. [[Tractor]]s, [[combine harvester]]s, [[forage harvester]]s and [[Dairy|milking machines]] were in particular demand. The increased consumption of meat also necessitated more animal fattening, so that the steady rise in sales of concentrated feed compensated for the drop in sales of hay and straw. Agricultural mechanization and automation continued throughout the 1960s, and 1970s.
The sales of BayWa are about 8 billion [[Euro]]s and it has a cumulative manpower of around 16,000 employees. The three core units of BayWa operate independently in exclusive locations and with dedicated workforce and networks.


At the same time, the company benefited from the real estate boom that began in the 1950s, and continued through the 1960s, and 1970s. The sale of building materials developed into an important mainstay. The company also laid the foundation for BayWa DIY [[Big-box store|superstores]] and [[Garden centre|garden centers]] in 1975, to establish another sales channel. The sale of [[heating oil]] and other lubricants formed the basis for BayWa's network of [[filling station]]s in the 1950s, with which the company wanted to reflect the desire for [[individual mobility]].<ref>{{Cite web |title=Die Chronik der BayWa {{!}} BayWa AG |url=https://www.baywa.com/konzern/historie/historie |access-date=2022-07-19 |website=www.baywa.com}}</ref>
== Business Units ==
=== Agriculture===
This is subdivided into two units, Agricultural Trade and Agricultural Equipments. The trade unit provides the farmers with an assorted supply of various products which are of importance for the agricultural industry right from the sowing of seeds until harvesting the crops. Besides these products, it also gives guidance and counseling to farmers over issues related to agricultural farming and business. This makes BayWa a through and through ally of farmers. In the Equipments business, BayWa provides a wide range of machinery, ranging from heavy machines to small sized appliances to a wide range of customers ranging from farmers, forester to the common man. Besides, BayWa also takes contracts for planning and building of agricultural facilities. It also provides efficient service for the entire product range.


=== Organizational changes and international expansion ===
Agricultural segment makes about 45% of the company’s revenues. The trade and equipments segments together cover the entire needs of the agriculture industry throughout the year. The products supplied to the farmers include seeds, fertilizers, pesticides, [[animal husbandry]] etc. It also stores and sells the harvest for farmers. In Germany, BayWa has around 500 locations, 16 of them with their own ports, where it provides the services in this segment. As per the 2009 statistics, the revenue of this segment was 3.2 billion euros.
[[File:50 Jahre BayWa Zeitschrift.jpg|thumb|Newspaper celebrating BayWa's 50th anniversary]]


The expansion of business activities from the agricultural sector to the [[construction]] and energy industries led to significant growth in BayWa's sales. In 1959, this exceeded the one billion [[Deutsche Mark]] mark for the first time and by the end of the 1960s, had already exceeded the two billion mark. In 1970, BayWa was the first company in the industry to introduce [[electronic data processing]] into its operations. To improve efficiency of internal document management, [[IBM]] scanners were used on a large scale, capable of processing more than 100,000 documents a day.
=== Building Materials ===
[[File:Pfarrkirchen - BayWa-Baumarkt.JPG|thumb|[[Pfarrkirchen]], Germany]]
This segment provides products and services for new constructions, renovation work and entire modernization in both rural and urban areas. It also has two sub units, Building Materials and DIY & Garden Centers. BayWa has its sales centers in Germany. It also operates via franchisees in Germany, Austria and Italy. Future plans include entering the market in Bosnia Herzegovina and Croatia. BayWa is among the largest full line suppliers in this field. This segment forms about 25% of BayWa’s total revenue. Of this, 75% comes from the building materials and only 25% from the Garden and DIY unit. There are about 271 locations in Germany and Austria. Around 600 franchised locations are there. Germany is the biggest domestic market. The revenue of this segment was 1.6 billion Euros.


In order to reflect the change in the company's external image, the ''Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften'' was officially renamed '''BayWa''' on July 13, 1972. In addition, the personal union of the Board of Management with the Bayerische Raiffeisen-Zentralkasse (BRZ), which had been established in the 1960s, was abandoned. [[Otl Aicher]], who also designed the [[corporate design]] for the [[1972 Summer Olympics]] in Munich, created a new [[logo]] for the company. The green square is still used today.
=== Energy Segment ===
This segment is particularly involved with the sale of fossil fuels used for heating purposes, “heating oil”. Besides, other fuels and [[lubricating oil]]s are also traded. This is the third largest portion of BayWa’s revenue and generates about 25% of the total revenue. The main articles of concern are [[heating oil]], diesel and Otto fuels {{Clarify| date=October 2010}}, lubricants and [[solid fuel]] generally as [[wood pellet]]s. Main sales areas are Bavaria, Baden-Württemberg, the new German federal states and Austria. There are sales offices at several locations. There are about 275 fuel stations owned and operated by BayWa in Germany under the name of BayWa and AVIA. Sales in Austria are done through a group holding GENOL, which supplies fuel to around 500 stations. The major business activities are supplying of local authorities, commerce and mineral oil trade.


In the 1980s, trends such as environmental protection and electronics opened up new opportunities for the company's business. Nevertheless, BayWa had to contend with structural problems in the agricultural sector as well as the construction industry. In response to the [[Economy|economic]] downturn, the company introduced a divisional organization in 1986. However, the collapse of Bayerische Raiffeisen-Zentralbank (BRZ) was decisive for this decade. BayWa's main shareholder had run into trouble due to speculation on the [[Real estate business|real estate market]]. Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft took its place.<ref>{{Citation|language=de|title=Ehemalige Bayerische Raiffeisen-Zentralbank: Umbenennung steht an. Von dem Katastrophenjahr ist das Zahlenwerk deutlich gezeichnet.|newspaper=Handelsblatt|date=1986-06-25|page=8}}</ref>
In the renewable energy segment, BayWa bought 3 companies in 2009. The total revenue in the renewable energy field is 228.5 million, and by 2020, the target is to touch 1 billion Euros. In 2009, the revenue of the energy segment was about 1.8 billion Euros.


After [[German reunification]], BayWa also became involved in the new federal states and set up locations in [[Brandenburg]], [[Saxony]], and [[Thuringia]]. In doing so, it cooperated with the ''Bäuerliche Handelsgenossenschaft'' (BHG) and also relied on a [[Franchising|franchise system]].<ref>{{Citation|language=de|title=BayWa AG: Zusammenarbeit mit Ost-Genossenschaften. Gute Wachstumsperspektive.|newspaper=Handelsblatt|date=1990-10-18|page=21}}</ref>
== Corporate and Social Responsibility ==
BayWa has a foundation which was set up in 1997. Through that, it is involved in several projects to facilitate global food supply. The BayWa foundation supports feasible and philanthropic projects, both national and global, in the areas of food, energy and education. The primary aim is to raise the level of life for people who need help. It has promoted education projects in Asia and Africa. In collaboration with the [[University of Hohenheim]], it participated in a project for securing energy supply through a [[Biogas]] project in Tanzania. The donations received by BayWa are without fail, given to the foundation. In addition to the BayWa foundation, the company donates to social and cultural facilities and also encourages the involvement of employees in association, political activities and social activities.


In 1994/1995, BayWa also became active in [[Austria]] through acquisitions.<ref>{{Citation|language=de|title=BayWa AG: Handelsriese baut sein Engagement in Österreich planmäßig weiter aus. Deml übernimmt Kärntner Warenhandel.|newspaper=Handelsblatt|date=1994-08-02|page=15}}</ref><ref>{{Citation|language=de|title=BayWa zieht es nach Österreich.|newspaper=Börsen-Zeitung|date=1995-01-25|page=6}}</ref> With the help of existing subsidiaries, it was also able to expand its business to [[Eastern Europe]] ([[Bulgaria]], [[Croatia]], [[Poland]], [[Slovakia]], [[Czech Republic|the Czech Republic]], and [[Hungary]]).<ref>{{Citation|language=de|title=BayWa expandiert auf den Osteuropa-Märkten.|newspaper=Passauer Neue Presse|date=1997-04-29}}</ref> In order to grow not only internationally but also in the domestic market, Württembergische Warenzentrale was acquired in the early 2000s.<ref>{{Citation|language=de|title=Neuer deutscher Agrarriese|publisher=Austria Presse Agentur (APA)|date=2002-05-02}}</ref><ref>{{Citation|language=de|title=Fusion soll BayWa stabilisieren.|newspaper=Lausitzer Rundschau|date=2002-05-15}}</ref>
== Competition ==

BayWa AG faces fierece competition from [[Archer Daniels Midland|Archer-Daniels-Midland-Company]], [[Cargill|Cargill Incorporated]], [[Compagnie de Saint-Gobain]].
=== Recent developments ===
[[File:GER Aichach, Bahnhofstraße 009.jpg|thumb|The former BayWa building in [[Aichach]]]]
At the end of the 2000s, BayWa's [[business model]] and organizational structure proved to be no longer fit for the future.<ref>{{Citation|language=de|first=Wolfgang|last=Hagl|title=Gehörig aus dem Takt gebracht.|newspaper=Financial Times Deutschland|date=2006-06-16|page=26}}</ref><ref>{{Citation|language=de|title=Eine Firma mit gefühlten 400.000 Mitarbeitern.|newspaper=Heilbronner Stimme|date=2009-05-13|page=9}}</ref> Following his appointment as chairman of the Board of Management in 2008, Klaus Josef Lutz initiated a comprehensive restructuring program designed to drive innovation while still preserving the company's historical roots.<ref>{{Citation|language=de|first=Markus|last=Fasse|url=https://www.handelsblatt.com/unternehmen/management/klaus-josef-lutz-gott-mit-dir-du-land-der-baywa/2993732.html|title=Gott mit dir, du Land der BayWa.|website=Handelsblatt|date=2008-07-24|access-date=2020-06-04}}</ref><ref name="Financial Times Deutschland 2012">{{Citation|language=de|first1=Kathrin|last1=Werner|first2=Sven|last2=Clausen|title=Aus Bayern in die Welt|newspaper=Financial Times Deutschland|date=2012-09-11|page=6}}</ref><ref>{{Citation|language=de|first=Klaus Josef|last=Lutz|title=Trotz Internationalisierung bleibt BayWa ein bayerischer Konzern.|newspaper=Börsen-Zeitung|date=2009-04-07|page=10}}</ref> The new strategy prioritized both the diversification of business activities and the [[internationalization]] of BayWa.

One example of this is the establishment of the renewable energies business sector,<ref>{{Citation|language=de|title=BayWa setzt auf erneuerbare Energien.|newspaper=Handelsblatt|date=2010-04-01|page=30}}</ref> which now accounts for the largest share of Group profit.<ref>{{Citation|language=de|url=https://www.focus.de/finanzen/boerse/wirtschaftsticker/unternehmen-baywa-meldet-gewinnsprung-dank-erneuerbarer-energien_id_11731850.html|title=BayWa meldet Gewinnsprung dank erneuerbarer Energien.|website=Focus Online|date=2020-03-04|access-date=2020-06-04}}</ref> Since 2021, [[Energy Infrastructure Partners]] owns 49% of the BayWa r.e. subsidiary.<ref>{{Citation|url=https://www.energylivenews.com/2021/03/23/swiss-investor-buys-49-stake-in-baywa-r-e/|website=Energy Live News|first1=Dimitris|last1=Mavrokefalidis|title=Swiss investor buys 49% stake in BayWa r.e. Energy Infrastructure Partners has invested €530m in the German utility.|date=2021-03-23|access-date=2021-04-21}}</ref> By acquiring the [[Netherlands|Dutch]] [[grain trade]]r ''Cefetra'' and the [[New Zealand]] [[fruit]] trader ''Turners & Growers'', BayWa secured a stronger position in global competition in agricultural trade, both in [[Europe]] and in [[Asia]].<ref>{{Citation|language=de|first=Stefan|last=Kroneck|title=BayWa strebt im Obsthandel an die Weltspitze. Neuerwerb Turners & Growers als Sprungbrett für weitere Einkaufstour.|newspaper=Börsen-Zeitung|date=2012-08-03|page=13}}</ref><ref>{{Citation|language=de|first=Jens|last=Hartmann|title=Asiaten lieben süßere Äpfel.|newspaper=Welt am Sonntag|date=2012-11-25|page=58}}</ref><ref>{{Citation|language=de|url=https://www.handelsblatt.com/unternehmen/industrie/agrarkonzern-baywa-verdoppelt-sein-getreidegeschaeft/7194256.html|title=Agrarkonzern: BayWa verdoppelt sein Getreidegeschäft.|website=Handelsblatt|date=2012-09-28|access-date=2020-06-04}}</ref> Own innovations and acquisitions of other suppliers made BayWa an important market player in digital farming.<ref>{{Citation|language=de|url=https://www.topagrar.com/panorama/news/baywa-nimmt-smart-farming-fuer-kleine-betriebe-ins-visier-11573933.html|title=Digitalisierung: BayWa nimmt "Smart Farming" für kleine Betriebe ins Visier.|website=Agra Europe|date=2019-06-17|access-date=2020-06-04}}</ref>

Today, BayWa's activities cover the entirety of the agricultural supply chain, from [[seed production]] and crop protection through to [[food processing]]. Additionally, the company has a synergistic presence in the energy, and building materials sectors.<ref>{{Citation|url=https://www.platformexecutive.com/swot_analysis/baywa/|title=BayWa AG Company Profile and SWOT Analysis|date=2024-03-01}}</ref>

== Corporate affairs ==

=== Shareholders ===
The [[share capital]] of BayWa Aktiengesellschaft amounted to approximately €90 million as of December 31, 2019. The shares are traded on the [[Frankfurt Stock Exchange]]<ref>{{Citation|language=de|url=https://www.boerse-frankfurt.de/aktie/baywa-ag|title=BayWa AG (DE0005194005)|publisher=Börse Frankfurt|access-date=2020-10-01}}</ref><ref>{{Citation|language=de|url=https://www.boerse-frankfurt.de/aktie/baywa-ag-vna|title=BayWa AG (DE0005194062)|publisher=Börse Frankfurt|access-date=2020-10-01}}</ref> and the [[Börse München|Munich Stock Exchange]]<ref>{{Citation|language=de|url=https://www.boerse-muenchen.de/Aktie/DE0005194005|title=BayWa AG (DE0005194005)|publisher=Börse München|access-date=2020-10-01}}</ref><ref>{{Citation|language=de|url=https://www.boerse-muenchen.de/Aktie/DE0005194062|title=BayWa AG (DE0005194062)|publisher=Börse München|access-date=2020-10-01}}</ref> as well as via [[Xetra (trading system)|Xetra]]. They are part of the Prime Standard of [[Deutsche Börse]], a legally regulated [[stock exchange]] segment with the highest admission requirements.

The shareholder structure of BayWa Aktiengesellschaft is determined by Raiffeisen companies from Germany and Austria.<ref name="Shareholders">{{Citation|language=de|url=https://international.baywa.com/investor_relations/aktie/aktionaersstruktur/|title=Aktionärsstruktur|publisher=BayWa|access-date=2020-07-23}}</ref> BayWa Aktiengesellschaft's [[Articles of association|Articles of Association]] intentionally restrict the group of shareholders in order to preserve the [[cooperative]] character of the company. BayWa's largest shareholder is ''Bayerische Raiffeisen-Beteiligungsgesellschaft'' (34.75%), based in [[Beilngries]]. It is joined by ''Raiffeisen Agrar Invest'' (25.01%) based in [[Vienna]]. Around 40% of the shares are in free float, so that the corresponding threshold for inclusion in the [[SDAX]] is reached.

=== Boards ===
The [[Board of directors|Board of Management]] of ''BayWa Aktiengesellschaft'' consists of several, but no more than nine, members.<ref name="Articles of Association">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/corporate-governance/satzung/satzung/baywacms%253Adownloadpdf/Satzung_Oktober_2019_online_version.pdf|title=Satzung|publisher=BayWa|date=2020-11-10|access-date=2020-11-18}}</ref> They are appointed by the supervisory board for a term of up to five years. Multiple appointments are possible so that the term of office is de facto not limited. The supervisory board appoints the chairman of the Board of Management. The Articles of Association stipulate that one member of the Board of Management should be mainly responsible for human resources and social affairs. Further details on the allocation of duties in the management board are governed by rules of procedure.

Currently (as of April 2021), there are four members of the Board. These are Klaus Josef Lutz ([[Chief executive officer|Chief Executive Officer]]) and Andreas Helber ([[Chief financial officer|Chief Financial Officer]]), as well as Marcus Pöllinger and Reinhard Wolf.<ref>{{Citation|language=de|url=https://www.baywa.com/konzern/unternehmensprofil/vorstand-aufsichtsrat.html|title=Vorstand & Aufsichtsrat|publisher=BayWa|access-date=2021-04-20}}</ref>

The [[Supervisory board|Supervisory Board]] of BayWa Aktiengesellschaft consists of sixteen members.<ref name="Articles of Association" /> Re-election is possible so that the term of office of members of the supervisory board is not limited. The supervisory board appoints a chairman and at least one deputy chairman from among its members. Currently (as of July 2020), four women and twelve men are members of the supervisory board. Its Chairman is Manfred Nüssel, [[Title|Honorary President]] of the German Raiffeisen Association. His deputies are Werner Waschbichler and Klaus Buchleitner.

BayWa Aktiengesellschaft's Articles of Association provide for a Cooperative Advisory Council. This accompanies and supports the work of the Board of Management and the supervisory board. Its members are selected by the Board of Management and, with the approval of the supervisory board, appointed by the Board of Management for a period of up to four years. This may also be repeated. Currently (as of July 2020), the board has 28 members, including main representatives of various cooperatives, associations, and from politics in Germany and Austria. Karl-Heinz Kipke chairs the committee and is represented by Manfred Nüssel.

=== Financials ===
{| class="wikitable"
|+
!in Mio€.
!2016<ref name="Konzernfinanzbericht 2016">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/konzernfinanzberichte/konzernfinanzbericht-2016/konzernfinanzbericht-2016/baywacms%3Adownloadpdf/Konzernfinanzbericht_2016_BayWa_d.pdf|title=Konzernfinanzbericht 2016|publisher=BayWa|access-date=2020-10-01}}</ref>
!2017<ref name="Konzernfinanzbericht 2017">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/konzernfinanzberichte/konzernfinanzbericht-2017/konzernfinanzbericht-2017/baywacms%3Adownloadpdf/Konzernfinanzbericht_2017_BayWa_d.pdf|title=Konzernfinanzbericht 2017|publisher=BayWa|access-date=2020-10-01}}</ref>
!2018<ref name="Konzernfinanzbericht 2018">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/konzernfinanzberichte/konzernfinanzbericht-2018/konzernfinanzbericht-2018/baywacms%3Adownloadpdf/Konzernfinanzbericht_2018_BayWa_d.pdf|title=Konzernfinanzbericht 2018|publisher=BayWa|access-date=2020-10-01}}</ref>
!2019<ref name="Konzernfinanzbericht 2019">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/konzernfinanzberichte/konzernfinanzbericht-2019/konzernfinanzbericht-2019/baywacms%3Adownloadpdf/KFB_2019_ohne_Finanzkalender_verschlüsselt_16.04.2020.pdf|title=Konzernfinanzbericht 2019|publisher=BayWa|access-date=2020-10-01}}</ref>
!2020<ref name="Konzernfinanzbericht 2020">{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/konzernfinanzberichte/konzernfinanzbericht-2020/konzernfinanzbericht-2020/baywacms%3Adownloadpdf/Online-PDF_KFB_DE_BayWa.pdf|title=Konzernfinanzbericht 2020|publisher=BayWa|access-date=2021-03-29}}</ref>
!2021<ref name="Konzernfinanzbericht 2021">{{Citation|language=de|url=https://res.cloudinary.com/baywa-ag-p/raw/upload/fl_attachment/v1/bloomreach-upload/BayWa_KFB_2021_DE_web1667280138184276073.pdf|title=Konzernfinanzbericht 2021 |publisher=BayWa|access-date=2022-03-28}}</ref>
|-
|Revenues
|15,409
|16,055
|16,625
|17,059
|17,155
|19,839
|-
|EBIT
|144
|171
|172
|188
|215
|266
|-
|Dividends per share
|€0.85
|€0.90
|€0.90
|€0.95
|€1.00
|€1.05
|}

== Businesses ==
=== Energy ===
[[File:BayWa Bio-Diesel Tanktstelle.jpg|thumb|BayWa biodiesel filling station]]
In addition to heating oil, BayWa also sells other [[fuel]]s and [[lubricant]]s. Its range also includes energy sources such as [[Pellet fuel|wood pellets]] and heating solutions, for example for classic oil and [[Gas heater|gas heating systems]].<ref name="Segment Energie">{{Citation|language=de|url=https://www.baywa.com/konzern/unternehmensprofil/segment-energie.html|title=Segment Energie|publisher=BayWa|access-date=2020-07-19}}</ref> The company also issues a fuel card for private and commercial customers that are accepted at numerous filling stations and at an increasing number of [[charging station]]s for [[Plug-in electric vehicles in Germany|electric cars]]. BayWa is also active as an [[infrastructure]] provider, operating e-charging stations and [[Liquefied natural gas|LNG]] filling stations as well as billing systems.<ref>{{Citation|language=de|first=Philip|last=Akoto|url=https://www.energate-messenger.de/news/199638/baywa-startet-eigenen-mobility-dienstleister|title=BayWa startet eigenen Mobility-Dienstleister.|website=Energate Messenger|date=2020-01-20|access-date=2020-10-16}}</ref> The renewable energy segment comprises the [[planning]], development, and realization of projects in the field of [[Wind power|wind]] and [[solar energy]], as well as their sale and operational management, and the marketing of the energy generated. The Group is active in [[United States|America]], Europe, Asia, and [[Australia]].<ref name="Segment Energie" />

=== Agriculture ===
The BayWa Group covers the entire value chain of the [[Agriculture|agricultural industry]], i.e. from the production to the marketing of agricultural products. It does not operate any agricultural businesses itself. The range of services includes the trading and logistics of [[raw material]]s as well as the sale of operating resources and feedstuffs. It also sells new and used machinery for agricultural operations, including maintenance and repair. Internationally, BayWa is one of the most important players in the [[fruit]] and [[vegetable]] trade and markets [[Pome|pome fruit]], [[List of culinary fruits|tropical fruit]], and other fruit and vegetable products worldwide.<ref name="Segment Agrar">{{Citation|language=de|url=https://www.baywa.com/konzern/unternehmensprofil/segment-agrar.html|title=Segment Agrar|publisher=BayWa|access-date=2020-07-19}}</ref>

=== Building Materials ===
BayWa's building materials trade is aimed at private builders, commercial contractors, craft businesses, and [[Municipality|municipalities]]. It is handled via [[retail]] and [[Wholesaling|wholesale]]. The product range includes building materials for building construction and [[civil engineering]], new construction as well as [[renovation]] and modernization, and also for [[gardening]] and [[landscaping]].<ref>{{Citation|language=de|url=https://www.baywa.com/binariesdownload/pdf/content/documents/baywacms/downloadcenter/unternehmensbroschuere/unternehmensbroschure-2020/unternehmensbroschure-2020/baywacms%3Adownloadpdf/BayWa_Broschuere2020_DE_doppelseitig_web.pdf|title=Unternehmensbroschüre 2020|publisher=BayWa|access-date=2020-09-08|page=23}}</ref><ref name="Segment Bau">{{Citation|language=de|url=https://www.baywa.com/konzern/unternehmensprofil/segment-bau.html|title=Segment Bau|publisher=BayWa|access-date=2020-07-19}}</ref>

=== Innovation & Digitalization ===
The Innovation & Digitalization Segment comprises BayWa's activities in [[Electronic business|e-business]] and digital farming. The Group prepares data for agriculture so that it is available for practical use in the field. Examples of this are area-accurate forecasts of nutrient and water requirements or harvest forecasts.<ref name="Segment Innovation & Digitalisierung">{{Citation|language=de|url=https://www.baywa.com/konzern/unternehmensprofil/segment-innovation-digitalisierung.html|title=Segment Innovation & Digitalisierung|publisher=BayWa|access-date=2020-07-19}}</ref> The company relies primarily on [[Communications satellite|satellite data]] for this purpose.<ref>{{Citation|language=de|first=Klaus Josef|last=Lutz|title=Mehr können als Amazon und Co.|newspaper=Börsen-Zeitung|date=2019-03-30|page=5}}</ref>

== Corporate and social responsibility ==
[[File:Logo BayWa Stiftung 266 KB.jpg|thumb|Logo of the BayWa Foundation]]

The BayWa Foundation was established by BayWa in 1998 to support educational projects.<ref>{{Citation|language=de|url=https://www.stiftungen.bayern.de/|title=Verzeichnis der rechtsfähigen Stiftungen mit Sitz in Bayern|publisher=Bayerisches Landesamt für Statistik|access-date=2020-10-01}}</ref> The focus is on [[Human nutrition|healthy nutrition]] and [[Renewable energy|regenerative energy]].<ref>{{Citation|language=de|url=https://www.baywastiftung.de/projekte/projekte|title=Projekte|publisher=BayWa Stiftung|access-date=2020-10-01}}</ref> One example is the establishment of [[school garden]]s to improve the nutritional behavior of [[Primary school|elementary school children]].<ref>{{Citation|language=de|first=Elisabeth|last=Angenvoort|title=Fit durch gesunde Ernährung|newspaper=Mittelbayerische Zeitung / Neumarkter Tagblatt|date=2019-04-06}}</ref> A special feature is that every [[donation]] received by the foundation is doubled.<ref>{{Citation|language=de|url=https://www.baywastiftung.de/stiftung/stiftung|title=Stiftung|publisher=BayWa Stiftung|access-date=2020-10-01}}</ref> Since the 2014/2015 season, BayWa has been the official main and jersey sponsor of the [[basketball]] department of [[FC Bayern Munich]].<ref>[https://fcb-basketball.de/de/news/2020-2021/07/baywa Verbundenheit schafft Erfolg.] Partnerschaft: Die BayWa AG bleibt eine weitere Saison Haupt- und Trikotsponsor des FC Bayern Basketball. FC Bayern München Basketball, 20 July 2020, retrieved 21 July 2020 (Pressemitteilung).</ref> This is BayWa's largest [[Sponsor (commercial)|sports sponsorship]] to date. The cooperation was most recently extended for another year in July 2020. BayWa also supports other campaigns and [[exhibition]]s of the club, including in the area of [[social responsibility]] and [[art]].


==References==
==References==
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==External links==
==External links==
{{Portal|Germany|Energy|Companies}}
* {{official|http://www.baywa.com/}}
* {{official|http://www.baywa.com/en}}
{{commonscat-inline}}
* {{PM20|FID=co/002763}}


{{Commons category-inline}}
{{MDAX companies}}

{{SDAX companies}}
{{Authority control}}


{{DEFAULTSORT:Baywa}}
{{DEFAULTSORT:Baywa}}
[[Category:1923 establishments in Germany]]
[[Category:Agriculture companies established in 1923]]
[[Category:Agriculture companies of Germany]]
[[Category:Business services companies established in 1923]]
[[Category:Commodities traders]]
[[Category:Companies based in Munich]]
[[Category:Companies based in Munich]]
[[Category:Companies established in 1923]]
[[Category:German companies established in 1923]]
[[Category:Agriculture companies]]
[[Category:Home improvement companies]]
[[Category:Oil companies of Germany]]
[[Category:Retail companies of Germany]]
[[Category:Retail companies of Germany]]
[[Category:Home improvement]]
[[Category:Companies listed on the Frankfurt Stock Exchange]]
[[Category:Stock and station agencies]]

[[de:BayWa]]
[[pl:BayWa]]

Latest revision as of 10:23, 18 July 2024

BayWa AG
Company typeAktiengesellschaft
FWB: BYW6
IndustryRetail and agribusiness conglomerate
PredecessorWürtt. Warenzentrale Landwirtschaftlicher Genossenschaften Edit this on Wikidata
Founded1923; 102 years ago (1923)
Headquarters
Munich, Bavaria
,
Germany
Number of locations
50 (2021)
Area served
Worldwide
Key people
ProductsTrading of agricultural products, fertiliser and seeds, sale of agricultural equipment, fruit distribution
RevenueIncrease €27.1 billion (2022)
Number of employees
Increase 22,508 (2022)
Websitebaywa.com/en
Footnotes / references
Consolidated Financial Statements 2022[1]

BayWa AG (until 1972: Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften AG) is an internationally active group headquartered in Munich, Germany.[2] Originally founded to support domestic agriculture, the company expanded its activities to the construction and energy sectors.[3][4] BayWa is represented in more than 50 countries through its subsidiaries and holdings. The shareholder structure is still determined by the cooperative sector, which has shaped the corporate culture since its founding.[5]

History

[edit]

Foundation and early years

[edit]
Flagship store on Türkenstrasse in Munich

BayWa's history goes back to the Bayerische Zentral-Darlehenskasse (BZDK), which was founded in 1893, and was active in both the banking and commodities business.[6] One of its central tasks was to enable farmers to purchase means of production at low cost and to market their products profitably. In 1920, the BZDK had hundreds of warehouses for grain, artificial fertilizers, feedstuffs, and machinery, mainly in southern Germany. As a result of the First World War, economic conditions steadily deteriorated. The devaluation of cash and bank deposits led to hyperinflation, which prompted the BZDK to separate its banking and merchandise business. The general meeting on January 17, 1923, thus marked the founding of the Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften in the legal form of a stock corporation. In the vernacular, BayWa became established as the short form of the company.[7] From the beginning, the company focused on modern agriculture, especially through its range of machinery and services for repair. In order to become less dependent on business in Germany, grain was also exported to Austria, Switzerland, and Italy from 1927. As a result, BayWa's sales exceeded the 100 million Reichsmark mark for the first time.[citation needed]

The takeover of power by the National Socialists also brought drastic changes for the agricultural and food industry.[6] From 1933, all agricultural organizations were brought into line. In 1934, the unification of the Bavarian cooperative system was ordered.[8] Political influence on the company continued to grow.[9] When Josef Haselberger, then chairman of the board, died in 1935, the NSDAP appointed Friedrich Eichinger as his successor. He led the company until the end of National Socialism.

After the outbreak of the Second World War, BayWa switched to a wartime economy in 1939. The company played a prominent role in "safeguarding the Reich's food supply. For example, BayWa convinced farmers of the production-enhancing effect of artificial fertilizer. In order to meet the requirements of the rulers alone, BayWa employed an additional workforce of almost 700 during this period. The company archives do not provide any information on whether forced laborers were among them, but it can be assumed that they were.[10]

Reconstruction after the Second World War

[edit]

In the course of the Second World War, 23 BayWa warehouses were destroyed. The headquarters in Munich was also affected by the Allied bombing raids. By the end of the war in 1945, 512 of around 6,000 employees had died; 487 were missing or in captivity. With the aim of denazification, all members of the Board of Management and Supervisory Board had to vacate their posts in 1945.[6] In addition, dozens of managers were dismissed. Their successors initially took office on an interim basis. Josef Singer took over as chairman of the Board of Management of BayWa. Due to its strategic importance for supplying the population with food, BayWa received early approval from the U.S. military government to resume its business operations as well as nationwide shipments.

The 1950s were marked by structural change in agriculture.[6] In the countryside, there was a lack of personnel for the steady expansion of agricultural operations, as the growing industry became more attractive to many workers. BayWa responded by expanding its range of machinery as well as maintenance and services in the technology sector. Tractors, combine harvesters, forage harvesters and milking machines were in particular demand. The increased consumption of meat also necessitated more animal fattening, so that the steady rise in sales of concentrated feed compensated for the drop in sales of hay and straw. Agricultural mechanization and automation continued throughout the 1960s, and 1970s.

At the same time, the company benefited from the real estate boom that began in the 1950s, and continued through the 1960s, and 1970s. The sale of building materials developed into an important mainstay. The company also laid the foundation for BayWa DIY superstores and garden centers in 1975, to establish another sales channel. The sale of heating oil and other lubricants formed the basis for BayWa's network of filling stations in the 1950s, with which the company wanted to reflect the desire for individual mobility.[11]

Organizational changes and international expansion

[edit]
Newspaper celebrating BayWa's 50th anniversary

The expansion of business activities from the agricultural sector to the construction and energy industries led to significant growth in BayWa's sales. In 1959, this exceeded the one billion Deutsche Mark mark for the first time and by the end of the 1960s, had already exceeded the two billion mark. In 1970, BayWa was the first company in the industry to introduce electronic data processing into its operations. To improve efficiency of internal document management, IBM scanners were used on a large scale, capable of processing more than 100,000 documents a day.

In order to reflect the change in the company's external image, the Bayerische Warenvermittlung landwirtschaftlicher Genossenschaften was officially renamed BayWa on July 13, 1972. In addition, the personal union of the Board of Management with the Bayerische Raiffeisen-Zentralkasse (BRZ), which had been established in the 1960s, was abandoned. Otl Aicher, who also designed the corporate design for the 1972 Summer Olympics in Munich, created a new logo for the company. The green square is still used today.

In the 1980s, trends such as environmental protection and electronics opened up new opportunities for the company's business. Nevertheless, BayWa had to contend with structural problems in the agricultural sector as well as the construction industry. In response to the economic downturn, the company introduced a divisional organization in 1986. However, the collapse of Bayerische Raiffeisen-Zentralbank (BRZ) was decisive for this decade. BayWa's main shareholder had run into trouble due to speculation on the real estate market. Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft took its place.[12]

After German reunification, BayWa also became involved in the new federal states and set up locations in Brandenburg, Saxony, and Thuringia. In doing so, it cooperated with the Bäuerliche Handelsgenossenschaft (BHG) and also relied on a franchise system.[13]

In 1994/1995, BayWa also became active in Austria through acquisitions.[14][15] With the help of existing subsidiaries, it was also able to expand its business to Eastern Europe (Bulgaria, Croatia, Poland, Slovakia, the Czech Republic, and Hungary).[16] In order to grow not only internationally but also in the domestic market, Württembergische Warenzentrale was acquired in the early 2000s.[17][18]

Recent developments

[edit]
The former BayWa building in Aichach

At the end of the 2000s, BayWa's business model and organizational structure proved to be no longer fit for the future.[19][20] Following his appointment as chairman of the Board of Management in 2008, Klaus Josef Lutz initiated a comprehensive restructuring program designed to drive innovation while still preserving the company's historical roots.[21][22][23] The new strategy prioritized both the diversification of business activities and the internationalization of BayWa.

One example of this is the establishment of the renewable energies business sector,[24] which now accounts for the largest share of Group profit.[25] Since 2021, Energy Infrastructure Partners owns 49% of the BayWa r.e. subsidiary.[26] By acquiring the Dutch grain trader Cefetra and the New Zealand fruit trader Turners & Growers, BayWa secured a stronger position in global competition in agricultural trade, both in Europe and in Asia.[27][28][29] Own innovations and acquisitions of other suppliers made BayWa an important market player in digital farming.[30]

Today, BayWa's activities cover the entirety of the agricultural supply chain, from seed production and crop protection through to food processing. Additionally, the company has a synergistic presence in the energy, and building materials sectors.[31]

Corporate affairs

[edit]

Shareholders

[edit]

The share capital of BayWa Aktiengesellschaft amounted to approximately €90 million as of December 31, 2019. The shares are traded on the Frankfurt Stock Exchange[32][33] and the Munich Stock Exchange[34][35] as well as via Xetra. They are part of the Prime Standard of Deutsche Börse, a legally regulated stock exchange segment with the highest admission requirements.

The shareholder structure of BayWa Aktiengesellschaft is determined by Raiffeisen companies from Germany and Austria.[5] BayWa Aktiengesellschaft's Articles of Association intentionally restrict the group of shareholders in order to preserve the cooperative character of the company. BayWa's largest shareholder is Bayerische Raiffeisen-Beteiligungsgesellschaft (34.75%), based in Beilngries. It is joined by Raiffeisen Agrar Invest (25.01%) based in Vienna. Around 40% of the shares are in free float, so that the corresponding threshold for inclusion in the SDAX is reached.

Boards

[edit]

The Board of Management of BayWa Aktiengesellschaft consists of several, but no more than nine, members.[36] They are appointed by the supervisory board for a term of up to five years. Multiple appointments are possible so that the term of office is de facto not limited. The supervisory board appoints the chairman of the Board of Management. The Articles of Association stipulate that one member of the Board of Management should be mainly responsible for human resources and social affairs. Further details on the allocation of duties in the management board are governed by rules of procedure.

Currently (as of April 2021), there are four members of the Board. These are Klaus Josef Lutz (Chief Executive Officer) and Andreas Helber (Chief Financial Officer), as well as Marcus Pöllinger and Reinhard Wolf.[37]

The Supervisory Board of BayWa Aktiengesellschaft consists of sixteen members.[36] Re-election is possible so that the term of office of members of the supervisory board is not limited. The supervisory board appoints a chairman and at least one deputy chairman from among its members. Currently (as of July 2020), four women and twelve men are members of the supervisory board. Its Chairman is Manfred Nüssel, Honorary President of the German Raiffeisen Association. His deputies are Werner Waschbichler and Klaus Buchleitner.

BayWa Aktiengesellschaft's Articles of Association provide for a Cooperative Advisory Council. This accompanies and supports the work of the Board of Management and the supervisory board. Its members are selected by the Board of Management and, with the approval of the supervisory board, appointed by the Board of Management for a period of up to four years. This may also be repeated. Currently (as of July 2020), the board has 28 members, including main representatives of various cooperatives, associations, and from politics in Germany and Austria. Karl-Heinz Kipke chairs the committee and is represented by Manfred Nüssel.

Financials

[edit]
in Mio€. 2016[38] 2017[39] 2018[40] 2019[41] 2020[42] 2021[43]
Revenues 15,409 16,055 16,625 17,059 17,155 19,839
EBIT 144 171 172 188 215 266
Dividends per share €0.85 €0.90 €0.90 €0.95 €1.00 €1.05

Businesses

[edit]

Energy

[edit]
BayWa biodiesel filling station

In addition to heating oil, BayWa also sells other fuels and lubricants. Its range also includes energy sources such as wood pellets and heating solutions, for example for classic oil and gas heating systems.[44] The company also issues a fuel card for private and commercial customers that are accepted at numerous filling stations and at an increasing number of charging stations for electric cars. BayWa is also active as an infrastructure provider, operating e-charging stations and LNG filling stations as well as billing systems.[45] The renewable energy segment comprises the planning, development, and realization of projects in the field of wind and solar energy, as well as their sale and operational management, and the marketing of the energy generated. The Group is active in America, Europe, Asia, and Australia.[44]

Agriculture

[edit]

The BayWa Group covers the entire value chain of the agricultural industry, i.e. from the production to the marketing of agricultural products. It does not operate any agricultural businesses itself. The range of services includes the trading and logistics of raw materials as well as the sale of operating resources and feedstuffs. It also sells new and used machinery for agricultural operations, including maintenance and repair. Internationally, BayWa is one of the most important players in the fruit and vegetable trade and markets pome fruit, tropical fruit, and other fruit and vegetable products worldwide.[46]

Building Materials

[edit]

BayWa's building materials trade is aimed at private builders, commercial contractors, craft businesses, and municipalities. It is handled via retail and wholesale. The product range includes building materials for building construction and civil engineering, new construction as well as renovation and modernization, and also for gardening and landscaping.[47][48]

Innovation & Digitalization

[edit]

The Innovation & Digitalization Segment comprises BayWa's activities in e-business and digital farming. The Group prepares data for agriculture so that it is available for practical use in the field. Examples of this are area-accurate forecasts of nutrient and water requirements or harvest forecasts.[49] The company relies primarily on satellite data for this purpose.[50]

Corporate and social responsibility

[edit]
Logo of the BayWa Foundation

The BayWa Foundation was established by BayWa in 1998 to support educational projects.[51] The focus is on healthy nutrition and regenerative energy.[52] One example is the establishment of school gardens to improve the nutritional behavior of elementary school children.[53] A special feature is that every donation received by the foundation is doubled.[54] Since the 2014/2015 season, BayWa has been the official main and jersey sponsor of the basketball department of FC Bayern Munich.[55] This is BayWa's largest sports sponsorship to date. The cooperation was most recently extended for another year in July 2020. BayWa also supports other campaigns and exhibitions of the club, including in the area of social responsibility and art.

References

[edit]
  1. ^ Consolidated Financial Statements 2022 (PDF), BayWa
  2. ^ "BayWa Aktiengesellschaft", Unternehmensregister (in German), Bundesanzeiger Verlag, retrieved 1 October 2020
  3. ^ "BayWa im Wandel der Zeiten: Von der Getreideannahmestelle zum Bau- und Gartenfachmarkt", Main-Post (in German), 26 February 1998
  4. ^ Hassmann, Julia (15 May 2013), "BayWa: Äpfel und Wind. Der Handelskonzern setzt auf die richtigen Felder – Agrar, Energie und Bau – und katapultiert sich mit seinen Übernahmen in eine neue Liga.", Focus Money (in German), pp. 60–61
  5. ^ a b Aktionärsstruktur (in German), BayWa, retrieved 23 July 2020
  6. ^ a b c d Historie (in German), BayWa, retrieved 1 October 2020
  7. ^ "Abbildungen zum Beitrag von E. Blumenthal (S. 53-61)", Sakralität von Herrschaft, Berlin, Boston: DE GRUYTER, 2002, doi:10.1515/9783050079950-018, ISBN 9783050079950, retrieved 19 July 2022
  8. ^ "Auf dem Jahntribünen-Fresko ist mein Vater.", Mittelbayerische Zeitung (in German), 24 March 2017
  9. ^ Maßnahmen zur Erhaltung und Förderung der Landwirtschaft (Sammelakt) (in German), Staatsarchiv München, retrieved 23 July 2020
  10. ^ Schmid, Klaus-Peter (19 October 2000), "Warten auf ein Wunder: Noch immer hoffen die ehemaligen Zwangsarbeiter vergebens auf eine Entschädigung.", Die Zeit (in German), retrieved 10 July 2020
  11. ^ "Die Chronik der BayWa | BayWa AG". www.baywa.com. Retrieved 19 July 2022.
  12. ^ "Ehemalige Bayerische Raiffeisen-Zentralbank: Umbenennung steht an. Von dem Katastrophenjahr ist das Zahlenwerk deutlich gezeichnet.", Handelsblatt (in German), p. 8, 25 June 1986
  13. ^ "BayWa AG: Zusammenarbeit mit Ost-Genossenschaften. Gute Wachstumsperspektive.", Handelsblatt (in German), p. 21, 18 October 1990
  14. ^ "BayWa AG: Handelsriese baut sein Engagement in Österreich planmäßig weiter aus. Deml übernimmt Kärntner Warenhandel.", Handelsblatt (in German), p. 15, 2 August 1994
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