Deals
Bayer Raises Profit Outlook on Chemicals, Crops Rebound
- Finance Chief Johannes Dietsch plans to leave June next year
- Ebitda seen rising by low teens percentage this year
Bayer CEO Baumann Sees Monsanto Deal Closure by Year End
This article is for subscribers only.
Bayer AG raised its outlook for the year, citing a rebound in chemicals and crop products, as management works to sew up its $66 billion takeover of agriculture giant Monsanto Co.
Earnings before special items will likely rise by a percentage in the low teens and sales will grow to a record 51 billion euros ($55.6 billion) this year, the Leverkusen, Germany-based company said in a statement on Thursday. Covestro, the chemicals unit, is now able to raise prices, and demand for crop protection products has rebounded in North America, Bayer said.