Bayer Reports Strong Results for Q1
Sales of the Bayer Group climbed by 13.2 percent in the first quarter of 2011, to EUR 9,415 million.
Bayer released its first-quarter results last week with favorable sales growth.
Sales of the Bayer Group climbed by 13.2 percent in the first quarter of 2011, to EUR 9,415 million (Q1 2010: EUR 8,316 million). Adjusted for currency and portfolio effects, sales were up by 10.4 percent. Despite the positive business trend, the operating result (EBIT) improved by only 4.0 percent to EUR 1,148 million (Q1 2010: EUR 1,104 million).
"All three subgroups contributed to the strong start to the year with sales and earnings increases," Bayer CEO Dr. Marijn Dekkers explained on Thursday when the company's first-quarter results were released. He was especially pleased at how well the season had begun at CropScience. MaterialScience achieved significant growth compared with t
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