Bayer: net profit of down a third to E2.178bn
(CercleFinance.com) - Bayer's sales reached E14.
389bn in Q1 2023, down 1.1% on an adjusted basis.
Sales benefited from a positive currency effect of E102m (Q1 2022: E529m).
EBITDA before exceptional items decreased by 14.9% to E4.471bn. Meanwhile, EBIT fell by 29.4% to E2.973bn after net special charges of E431m (Q1 2022: net special gains of E40m).
At the bottom line, net profit fell by 33.8% to E2.178bn, while basic EPS fell 16.4% to E2.95.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
389bn in Q1 2023, down 1.1% on an adjusted basis.
Sales benefited from a positive currency effect of E102m (Q1 2022: E529m).
EBITDA before exceptional items decreased by 14.9% to E4.471bn. Meanwhile, EBIT fell by 29.4% to E2.973bn after net special charges of E431m (Q1 2022: net special gains of E40m).
At the bottom line, net profit fell by 33.8% to E2.178bn, while basic EPS fell 16.4% to E2.95.
Copyright (c) 2023 CercleFinance.com. All rights reserved.