As conglomerate attempts to bring down costs and focus on more profitable areas of business, its fruit and veg sales have increased
BayWa Global Produce, the fruit and veg division of Munich-based conglomerate BayWa Group, improved its sales during the first three months of the year, according to new figures published by the company.
Compared with the same period of 2024, its first-quarter revenues were 10.7 per cent higher at €298mn – a result that stands in contrast with a 9.2 per cent fall in overall group sales to €4.7bn.
That year-on-year decline comes amid BayWa’s ongoing restructuring as it seeks to address a significant drop in profitability and meet a sizeable loan repayment schedule.
Since the start of that transformation process last year, it has cut around 700 jobs and closed a number of its business operations – particularly in its BayWa Building Materials segment.
And in mid-May, it announced that its restructuring plan would be approved by a court in Munich under the terms of StaRUG, a legal framework that allows companies to reorganise their debts and operations without initiating formal insolvency proceedings. However, that approval is understood to still be pending.
