The agricultural business pushes Bayer | News

The strong crop protection business saw Bayer experience leaps in earnings growth in the past quarter. On the other hand, the pharmaceutical industry is disappointing. The bottom line is that it hangs a billion in total.

Earlier in the year, higher prices and increases in sales had an impact on the Bayer agrochemical and pharmaceutical group: Dax’s heavyweight increased sales and also recorded leaps in profits. Responsible for it: the plant protection business.

As announced by Bayer, revenues from January to March amounted to EUR 14.6 billion. In a comparable approach, this means an increase of 14.3 percent. compared to the same period of the previous year. Ultimately, the consolidated result amounted to almost EUR 3.3 billion. Here, plus: 57.5 percent.

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According to further information, the adjusted operating profit (EBITDA) increased by 27.5% to EUR 5.25 billion in the first three months. Analysts’ average expectations of EUR 4.65 billion were exceeded.

Crop Science’s plant protection division, driven primarily by a strong weed control business, proved to be the engine of growth, while the pharmaceuticals division saw sales decline.

However, Bayer is number 1 this year

Being one of the weakest DAX companies in recent years, Bayer shares have accelerated this year and are at the top of the DAX index with a 23% gain. This year, however, the stocks lost much of their annual high of around € 68 and tested a medium-term downtrend of around € 55. While stocks were recovering, the MACD (Momentum) fell, supporting the downturn. So the stocks remain under pressure.

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