FRANKFURT, Could 12 (Reuters) - Bayer's first-quarter adjusted core earnings slipped 6.2% as weak abroad currencies offset a rebound in demand for
FRANKFURT, Could 12 (Reuters) – Bayer’s
first-quarter adjusted core earnings slipped 6.2% as weak
abroad currencies offset a rebound in demand for its
agricultural provides.
Earnings earlier than curiosity, taxes, depreciation and
amortisation (EBITDA), adjusted for one-offs declined to 4.12
billion euros ($5.00 billion), it mentioned on Wednesday, effectively forward
of an analyst consensus of three.82 billion euros posted on the
firm’s web site.
Chief Government Werner Baumann instructed traders on the April
annual normal assembly that prospects for its agriculture
enterprise have brightened through the first quarter as demand from
farmers improved amid greater produce costs.
($1 = 0.8246 euros)
(Reporting by Ludwig Burger
Modifying by Riham Alkousaa)