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Home » Finance » BayWa AG Reports EUR 171.5 Million in Impairment Losses for H1 2024
Finance

BayWa AG Reports EUR 171.5 Million in Impairment Losses for H1 2024

By Alexander FosterOctober 1, 20242 Mins Read
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Credit: BayWa r.e
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German diversified group BayWa AG has announced impairment losses of EUR 171.5 million (USD 191.3 million) within its renewable energy business for the first half of 2024. This decline is primarily attributed to changes in valuation assumptions resulting from lower electricity price forecasts and increased capital costs. The majority of the write-downs, totaling EUR 114.4

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