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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Bayer Sees Slow Growth; Targets Higher Pharma Rank

9:15 AM MST | March 2, 2012 | —Natasha Alperowicz in Leverkusen

Bayer says its fourth-quarter and full-year 2011 results, announced on February 28, were a success despite a challenging economic environment. The company also provided guidance for 2012, saying that it expects sales to increase by about 3% with “slight improvements in Ebitda before special items and core earnings per share.” Dekkers: Good pharma pipeline. Thomas: Chinese growth slowed. Bayer’s fourth-quarter net income reached €397 million ($534.1 million), compared with a loss of €145 million in the year-earlier period. Sales were...

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