Bayer-Strong-growth-guidance-upgrade

Group sales increase by 12.9 percent (Fx & portfolio adj.) to 10.854 billion euros – double-digit percentage growth (Fx & portfolio adj.) at all divisions / EBITDA before special items declines by 10.6 percent to 2.577 billion euros, burdened by currency effects of 153 million euros / Crop Science posts strong sales growth, earnings impacted by higher costs and currency effects / Pharmaceuticals reports significant recovery after COVID-19 effects in prior year / Consumer Health continues growth momentum / Core earnings per share rise by 1.3 percent to 1.61 euros / Net income at minus 2.335 billion euros, additional provisions of around 3.5 billion euros established for glyphosate litigations / Strong free cash flow of 1.152 billion euros / Full-year guidance upgraded / Good pipeline news: Kerendia™ gains U.S. approval; acquisition of Vividion Therapeutics agreed; start of first clinical study for Parkinson’s cell therapy treatment
Source: Bayer Company News - Category: Pharmaceuticals Source Type: news