Bayer Reports Earnings, Sales Hikes as MaterialScience Rebounds from Recession

Bayer posted a 12% gain in third-quarter 2010 net profits compared with the same period of 2009, to €280 million, buoyed by a post-recession rebound in its Bayer MaterialScience subgroup. Sales grew 16% year on year, to €8.6 billion and Ebitda before special items increased 10.5%, to €1.66 billion. The net-profit figure is well short of analysts' forecasts of about €490 million partly because of one-off charges totaling €436 million for litigation costs in the U.S., related mainly to an intended settlement program with U.S. rice farmers...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers