Bayer Earnings: Outstanding Pharma Growth and Margin; Full-Year Guidance Raised
Bayer reported 2% year-on-year sales growth on a currency- and portfolio-adjusted basis, and EBITDA before special items rose 7%. Management raised full-year guidance for EBITDA before special items to EUR 9.8 billion-EUR 10.3 billion, up from EUR 9.6 billion-EUR 10.1 billion.