Bayer’s Q1 figures fit into our broad and more cautious picture and have beaten consensus, except for the top-line. Higher volumes helped to protect profitability, which just marginally weakened. FX headwinds upset the party. CF was dominated by financial measures, which could be seen in the context of the Monsanto acquisition and is still waiting for the last OK.
03 May 2018
FX clouds in the sky – guidance modified
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FX clouds in the sky – guidance modified
Bayer AG (BAYN:WBO) | 0 0 0.5% | Mkt Cap: 80,975m
- Published:
03 May 2018 -
Author:
Martin Schnee -
Pages:
4
Bayer’s Q1 figures fit into our broad and more cautious picture and have beaten consensus, except for the top-line. Higher volumes helped to protect profitability, which just marginally weakened. FX headwinds upset the party. CF was dominated by financial measures, which could be seen in the context of the Monsanto acquisition and is still waiting for the last OK.