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Bayer's Quarterly Results Jump on Higher Volumes, Selling Prices
4:35 AM MDT | April 28, 2011 | Kerri Walsh
Bayer is off to a good start this year, with strong first-quarter earnings because of improved demand and higher selling prices compared to the year-ago period. Bayer has raised its full-year 2011 sales and earnings outlook because of the strong earnings results, especially from the CropScience division. Bayer’s total net income rose 8%, to €684 million ($1 billion), on sales up 13%, to €9.4 billion. Ebit before special items jumped 35%, to €1.6 billion. Ebit including charges increased by only 4%, to €1.1 billion because of...
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