Wednesday, 24 April 2013

Bayer core earnings growth tempered by high feedstock costs


A plant belonging to Germany's largest drugmaker Bayer is seen in Leverkusen FRANKFURT (Reuters) - Quarterly underlying core earnings at Bayer, Germany's largest drugmaker, edged 0.4 percent higher as strong demand for its farming pesticides was offset by high raw material costs at its plastics and chemicals unit. First-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 2.45 billion euros ($3.18 billion), which was slightly below the average estimate in a Reuters poll of 2.59 billion. ...








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