Bayer lays out new strategy and growth ambitions

5 December 2018

Leverkusen's Bayer (BAYN: DE) has announced new growth and margin targets, including overall sales growth of approximately 4% in 2019 and an annual average rate of 4-5% in the following years, through to 2022.

The German firm says that it aims to “significantly enhance its performance in the coming years,” and that it is “strongly positioned to benefit from key megatrends,” which it identifies as a growing and an aging world population.

For the group as a whole, Bayer is targeting an average annual increase for core earnings per share (EPS) of around 10%, which equates to 6.80 euros ($7.7) in 2019 and approximately 10 euros in 2022.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK