29.11.18: Group to take comprehensive range of portfolio, efficiency and structural measures

Bayer to strengthen core life science businesses while significantly enhancing productivity and profitabilityGroup plans to exit Animal Health business, the Consumer Health brands Coppertone™ and Dr. Scholl's™, and sell its 60-percent interest in Currenta, a site services provider in Germany / Efficiency and structural measures set to enhance competitiveness and generate annual contributions of 2.6 billion euros as of 2022 including the expected synergies from the Monsanto acquisition / A portion of the contributions to be reinvested in core businesses / Total one-time costs expected at a factor of 1.7 times annual contributions / Core earnings per share expected to increase by around 1 euro to 6.80 euros in 2019, with a target of around 10 euros in 2022 / EBITDA margin before special items set to amount to over 30 percent in 2022 / Efficiency and structural measures expected to result in the reduction of around 12,000 of 118,200 jobs worldwide, a significant number of them in Germanymehr ...
Source: Bayer IR Newsfeed: Events - Category: Pharmaceuticals Source Type: news