BAYER 1Q12 PROFIT AT EUR 1.050 B

Bayer Group – Co. reported 1Q12 results for quarter ended 31 March 2012. Sales came in at EUR 10.056 b vs EUR 9.415  previously on a y-o-y basis. Net profits came in at EUR 1.050 b vs EUR 0.684 b, previous. EPS diluted came in at EUR 1.27 a share vs EUR 0.83 a share, previous. Earnings rose on increased sale of pesticides which offset the loss on its engineering plastics unit. 1Q adjusted EBITDA came in at EUR 2.44 b (USD 3.22 b), a 9 percent rise and came above expectations of EUR 2.23 b. (Reuters/ IR, Bayer Group)



Categories: European Earnings

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