IHS Chemical Week

Life sciences lifts Bayer's results; 2013 outlook confirmed

11:42 AM MDT | April 25, 2013

Bayer reported a “positive development” in its life sciences operations, comprising HealthCare and CropScience, in the first quarter but said that MaterialScience’s results were hampered by raw material costs. The company has, meanwhile, confirmed its outlook for the rest of 2013. Bayer’s first-quarter net income rose 11.5%, to €1.16 billion ($1.51 billion), while core earnings per share advanced 1.8%, to €1.70. First quarter sales were up 2.1%, at €10.27 billion. HealthCare unit sales increased by 2.3%, to €4.44 billion, primarily driven by new...

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