Investing.com — Bayer AG ‘s (ETR:) shares have been little modified on Tuesday following its second-quarter outcomes.
The German pharmaceutical and life sciences big reported group gross sales of €11.144 billion, marking a 3.1% improve on a currency- and portfolio-adjusted foundation.
Nevertheless, the corporate’s EBITDA earlier than particular gadgets fell by 16.5% to €2.111 billion, primarily because of foreign money headwinds and an unfavorable product combine.
The crop science division noticed a modest 1.1% improve in gross sales to €4.981 billion, pushed by larger glyphosate-based herbicide gross sales and robust efficiency in North America.
“Our Crop Science business nearly offset headwinds in a challenging agricultural market environment,” mentioned Bayer AG’s chief govt Invoice Anderson.
Regardless of this, EBITDA earlier than particular gadgets for the division declined by 27.7% to €524 million, reflecting challenges resembling an unfavorable product combine and a softer market setting.
In Prescribed drugs, gross sales rose by 4.5% to €4.605 billion, bolstered by vital development from new merchandise Nubeqa and Kerendia, which reported development charges of 90.0% and 72.9%, respectively.
Nonetheless, EBITDA earlier than particular gadgets fell by 4.1% to €1.322 billion, affected by foreign money fluctuations and an unfavorable product combine.
The buyer well being division skilled a 5.3% improve in gross sales to €1.458 billion, with development notably sturdy in digestive well being and dermatology. Regardless of a 6.3% fall in EBITDA earlier than particular gadgets to €314 million, the division’s development was seen as a constructive improvement.
