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Bayer Makes a Strong Start to 2012, Beating Sales and Earnings Estimates

5:01 AM MDT | April 26, 2012 | Ian Young

Bayer posted a strong set of first-quarter 2012 results with net profits increasing 53% compared with the same period of 2011, to €1.05 billion on sales up 7%, to €10.06 billion. Ebitda before special items increased 9% year on year in the first quarter, to €2.4 billion. Operating profits increased 43%, to €1.6 billion and earnings per share (EPS) grew 16%, to €1.68. The sales figure was 2% ahead of analysts' consensus estimates, and the Ebitda number exceeded consensus estimates of €2.2 billion. Ebitda was boosted by €85...

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