Bayer falls on downturn in group sales and earnings

12 November 2024

Germany’s Bayer (BAYN: DE) saw its shares tumble almost 11% to 21.76 euros this morning, as it reported level third-quarter 2024 sales while earnings declined.

Group sales at 9.968 billion euros ($10.6 billion) - Fx & portfolio adj. plus 0.6%; earnings before interest, tax, depreciation and amortization (EBITDA) before special items at 1.251 billion euros were minus 25.8%.

Core earnings per share at 0.24 euros (minus 36.8%)/ Net income at minus 4.183 billion euros, impairment losses at Crop Science / Free cash flow at 1.148 billion euros.

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