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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Bayer Targets Improved Results Through 2014

12:56 PM MDT | March 21, 2012 | Sotirios Frantzanas

Bayer says it is targeting increased sales and profit margins for its healthcare and crop-science subgroups through 2014. Sales of Bayer HealthCare and Bayer CropScience are expected to reach €20 billion ($26 billion) and more than €8 billion in 2014, compared with €17.2 billion and €7.3 billion, respectively, in 2011, the company says. Bayer also expects its Bayer MaterialScience subgroup, which performed below expectations in 2011, to strengthen its position in the market and achieve volume gains in excess of the rate of...

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