Bayer beats inflation to grow sales in third quarter

8 November 2022

German life sciences giant Bayer (BAYN: DE) has reported an increase in sales across the group in the third quarter 2022, up 5.7% to 11.3 billion euros ($11.3 billion).

The outcome was ahead of the sub-11 billion-euro revenue forecast from many analysts, and Bayer confirmed its full-year financial guidance for 2022.

While the company’s crop science division pulled the most weight in the quarter, Bayer’s pharma business also performed well, with sales of prescription medicines up 2.9% to 5 billion euros.

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