logo
Plus   Neg
Share
Email

Bayer Confirms FY19, Medium Term Targets

Bayer Group (BAYZF.PK,BAYRY.PK,BYR.L), at its Annual Stockholders' Meeting on Friday, confirmed its fiscal 2019 forecast as well as medium-term targets.

For 2019, the company continues to expect sales of around 46 billion euros, an an increase of approximately 4 percent on a currency- & portfolio adjusted basis.

EBITDA before special items is still expected to rise to around 12.2 billion euros, and core earnings per share to around 6.80 euros.

Bayer said it attained its 2018 operational targets. The company proposed paying a dividend of 2.80 euros per share as in the prior year.

Bayer also confirmed its ambitious medium-term targets. Bayer aims to increase EBITDA before special items to approximately 16 billion euros by 2022, and core earnings per share to around 10 euros.

Bayer also intends to invest a total of 35 billion euros in the company's further development through 2022, with research and development accounting for over two-thirds of this figure.

Regarding the Monsanto acquisition, the company said the integration is proceeding faster than planned and successfully on the whole. The company will realize one billion euros a year in synergies from the acquisition from 2022 onward.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT