Bayer Beats First-Quarter Estimates

Dekkers: 'Increasingly confident' for the rest of this year. 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 ($1.4 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...

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