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Thursday, April 25, 2019

Bayer reports Q1 core EPS EUR2.55 vs. EUR2.24 last year

Reports Q1 sales EUR13.02B vs. EUR9.14B last year. Reports Q1 adjusted EBITDA EUR4.19B vs. EUR2.896B last year. Crop Science posted a 5.5% sales increase to EURO$6,444 million, which came primarily from the Latin and North America regions. Reported sales of Crop Science were up by 125.2%, mainly because of a 119.5% portfolio effect. Pharmaceuticals registered encouraging sales growth of 5.3% to EURO$4,354 million, with business in China developing particularly well. Sales of Consumer Health declined by 1.4% to EURO$1,395 million, chiefly as a result of the negative development in the Europe / Middle East/Africa region. Animal Health recorded sales of EURO$421 million, level with the prior-year quarter.

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