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    BAYN   DE000BAY0017

BAYER AG

(BAYN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/29 03:59:25 pm
51.18 EUR   +1.31%
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Bayer third-quarter adjusted profit gains slightly on strong crop chemicals

10/30/2014 | 03:55am EDT
Logo of German drugmaker Bayer is seen in Leverkusen

FRANKFURT (Reuters) - Germany's largest drugmaker Bayer said underlying core earnings advanced by 1.4 percent, slightly surpassing expectations, on strong sales of pesticides and stroke prevention pill Xarelto.

Bayer said on Thursday its third-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 2.01 billion euros (1.5 billion pounds), edging past the average estimate of 1.96 billion euros in a Reuters poll.

Adjusted core earnings at the CropScience unit rose by more than a quarter to 278 million euros, shored up by growth in recently launched products, in particular fungicides and herbicides.

Bayer now aims to raise group EBITDA before special items by a mid-single-digit percentage, taking into account the acquisition of Merck & Co. Inc.'s consumer health business it wrapped up on Oct. 1 as well as more favourable currency effects.

It had previously forecast a low to medium single-digit percentage gain.

The euro was up slightly against the U.S. dollar on average over the third quarter but the European currency has lost about 8 percent against the dollar over the last six months, bolstering the euro-value of overseas revenues.

Bayer, the inventor of Aspirin and maker of Yasmin birth-control pills, said pharmaceuticals sales rose by a currency- and portfolio-adjusted 10.3 percent to 3.04 billion euros, boosted by a better-than-expected 70 percent gain of sales in anti-clotting drug Xarelto, mainly used to prevent strokes in the elderly.

"Healthcare performance was okay, but the beat was really driven by CropScience, an area where we had concerns," analysts at brokerage Berenberg said in a note.

The shares gained 3.5 percent at 0830 GMT, outperforming a 1 percent gain in the STOXX Europe 600 Health Care index.

Bayer shares have advanced 7.6 percent over the past three months, outperforming the 2.3 percent gain in the European sector benchmark, as investors welcomed the company's plan to split off and separately list its plastics division.

(Reporting by Ludwig Burger; Editing by Kirsti Knolle and Maria Sheahan)

Valeurs citées dans l'article : Merck & Co., Inc., INCREASE, Bayer AG

ę Reuters 2014
Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG 1.27% 51.16 Delayed Quote.4.91%
MERCK & CO., INC. -1.79% 76.93 Delayed Quote.-4.24%
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Financials
Sales 2021 41 461 M 49 285 M 49 285 M
Net income 2021 3 600 M 4 280 M 4 280 M
Net Debt 2021 38 636 M 45 927 M 45 927 M
P/E ratio 2021 14,9x
Yield 2021 3,97%
Capitalization 49 632 M 59 002 M 58 998 M
EV / Sales 2021 2,13x
EV / Sales 2022 2,01x
Nbr of Employees 99 329
Free-Float 100,0%
Chart BAYER AG
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Bayer AG Technical Analysis Chart | BAYN | DE000BAY0017 | MarketScreener
Technical analysis trends BAYER AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 51,16 €
Average target price 64,79 €
Spread / Average Target 26,6%
EPS Revisions
Managers and Directors
Werner Baumann Chairman-Management Board
Wolfgang U. Nickl Chief Financial Officer
Norbert Winkeljohann Chairman-Supervisory Board
Bijoy Sagar Chief Information Technology Officer
Paul Achleitner Member-Supervisory Board
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