German: Bayer Q2 Sales up 14.6% at ?.2bn

Chemical News: German: Bayer Q2 Sales up 14.6% at ?.2bn

https://www.chemnet.com Aug 02,2010
Business Financial Newswire - Bayer Group reports gains in sales and earnings in the second quarter of 2010.

It said business at MaterialScience expanded strongly, with volumes returning to the pre-crisis level and sales at HealthCare improved slightly but business at CropScience was down year on year.

Group sales rose by 14.6% to ?,179m (Q2 2009: ?,009m).

Adjusted for currency and portfolio effects, business grew by 9.2%.

EBITDA before special items of the Bayer Group improved by 8.6% to ?,917m (Q2 2009: ?,765m).

It said this was attributable primarily to the gratifying business trends at MaterialScience and Consumer Health, as well as to positive currency effects.

The EBITDA margin before special items was 20.9% (Q2 2009: 22.0%).

Core earnings per share rose 9.5% to ?.15.

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