Shares jump as Bayer finally sees some Monsanto upside

25 April 2019

Quarterly profit at Bayer (BAYN: DE) jumped by nearly 45% as the German life sciences group’s agriculture unit finally started to see some benefit from the takeover of Monsanto.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were 4.19 billion euros ($4.7 billion), compared to 2.9 billion euros in the first quarter of 2018.

A Reuters poll had predicted the EBITDA figure to be 4.12 billion euros, and the results led shares in Bayer to jump by 3% in Thursday morning’s trading.

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