Daily Management Review

Bayer AG profit declines by 36.5% in Q1


04/25/2019


Net profit of German chemical and pharmaceutical concern Bayer AG declined in Q1 by 36.5% in annual terms to € 1.24 billion. Earnings per share amounted to € 1.27 against € 2.22 a year earlier.



hannibal1107
hannibal1107
The company's revenue grew by 42% to € 13.015 billion, reports Bayer. Revenue growth is mainly associated with good performance in the agricultural and pharmaceutical divisions.

The revenue of the pharmaceutical division increased by 6.8%, to € 4.354 billion. At the same time, the revenue of the Consumer Health division (non-prescription drugs) decreased by 1% to € 1.395 billion. Revenue of the agricultural division of Bayer jumped 2.2 times to € 6.444 billion.

Bayer predicts that revenue this year will amount to € 46 billion (+ 4%).

Bayer AG was founded in 1863, it represents more than 300 companies in different countries, the list of products includes about 5 thousand items. The most well-known brands of Bayer include Aspirin, Alka-Seltzer Alka-Seltzer and Supradyn.

source: bloomberg.com






Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants

Iran Says Trump’s Belief That US-Iran War Would Be Short Is “An Illusion”