Bayer shares boosted by growth across divisions
German pharma and crop sciences major Bayer (BAYN: DE) shared successful fourth-quarter and full-year 2021 financial results on Tuesday.
Quarterly sales rose 11.2% to 11.12 billion euros ($12.35 billion) and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were flat at 2.4 billion euros, in line with the average analyst forecast.
"We posted substantial growth and strengthened our innovation pipeline"For the year as a whole, sales rose 6.5% to 44.08 billion euros, while EBITDA dropped 2.5% to 11.18 billion euros due to increased costs, negative currency effects and drug development spending.
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