Bayer announces rise in group sales for Q2 but warns of lower full-year earnings than expected

By Marcus Lawrence
German pharmaceutical giant Bayer has announced a 9% rise in group sales to €9.48bn for Q2 2018, aided in part by the contribution of recently acquire...

German pharmaceutical giant Bayer has announced a 9% rise in group sales to €9.48bn for Q2 2018, aided in part by the contribution of recently acquired Monsanto.

Despite this group sales increase, Bayer also announced that its full-year sales and earnings statement would likely fail to meet projections.

Financial Times attributed this warning to delays in the completion of its deal to take control of Monsanto, an American agrochemical, crops, and seeds company.

“Shares in Bayer fell more than 2 per cent on Wednesday morning after the German pharmaceuticals and chemicals group said it had counted on a stronger contribution from Monsanto to lift its full-year results”, Financial times said.

It added: “The US crops and seeds company traditionally generates most of its sales and earnings in the first half of the year, but Bayer only started consolidating Monsanto’s results on June 7”.

See more:

Bayer’s US$63bn acquisition of Monsanto, including debt, faced protracted and thorough regulatory scrutiny from both American and European competition watchdogs.

The deal resultantly took far longer to complete than Bayer anticipated, and the firm is now hoping to reach €39bn in sales, inclusive of Monsanto’s contribution, for the full year.

It is expected that the acquisition, while tumultuous in its development, will greatly benefit Bayer’s financial prospects as well as its opportunities to innovate in the agricultural sector.

Liam Condon, Member of the Bayer Board of Management of Bayer AG and President of Crop Science, said of the Monsanto acquisition: “Today’s milestone means that the two leading innovators in agriculture will now come together as one to shape agriculture through breakthrough innovation for the benefit of farmers, consumers, and our planet”.


Featured Articles

A new perspective on autism support with modern technology

Dr Louise Morpeth, CEO at Brain in Hand, discusses new technologies for autism support & creating better access for people with autism to access healthcare

Efficient communications can reduce hospital emergencies

Roni Jamesmeyer, Senior Healthcare Manager at Five9, explains how proactive communications can reduce emergency situations in hospitals & support patients

Promoting equality and diversity to increase economic growth

As businesses report the benefits of equality, we explore global barriers for women & LGBTQ+ individuals & the impact on their wellbeing

Global Population Health Summit took place in New York


MEDSIR research closer to ‘the end of chemotherapy’

Medical Devices & Pharma

5 minutes with Sonia Powar, BGF’s Healthcare Investments

Digital Healthcare