As argued in earlier reports, the Monsanto acquisition was not a good idea and, in our view, there will be additional provisions for the settlement of the claims.
We had been already quite cautious regarding the Q3 numbers, but Crop Science’s unexpectedly weak contribution led to a miss. The figures were also below consensus as there were more negative one-offs than expected, which may have been attributable to the unclear guidance.

03 Nov 2020
Bayer's never-ending story: settling Monsanto's claims
Bayer AG (BAYN:WBO), 0 | Bayer AG (BAYN:ETR), 0 | Bayer AG (BAYN.EUR:SWX), 0 | Bayer AG (BAYN:BSE), 0 | Bayer AG (BAYN:SWX), 0 | Bayer AG (0P6S:LON), 0 | Bayer AG (BAYER:BUD), 0 | Bayer AG (BAY:MIL), 0 | Bayer AG (BAYZF:OTC), 0 | Bayer AG (BAYNN:MEX), 0
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Martin Schnee
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3 pages
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Bayer's never-ending story: settling Monsanto's claims
Bayer AG (BAYN:WBO), 0 | Bayer AG (BAYN:ETR), 0 | Bayer AG (BAYN.EUR:SWX), 0 | Bayer AG (BAYN:BSE), 0 | Bayer AG (BAYN:SWX), 0 | Bayer AG (0P6S:LON), 0 | Bayer AG (BAYER:BUD), 0 | Bayer AG (BAY:MIL), 0 | Bayer AG (BAYZF:OTC), 0 | Bayer AG (BAYNN:MEX), 0
- Published:
03 Nov 2020 -
Author:
Martin Schnee -
Pages:
3 -
As argued in earlier reports, the Monsanto acquisition was not a good idea and, in our view, there will be additional provisions for the settlement of the claims.
We had been already quite cautious regarding the Q3 numbers, but Crop Science’s unexpectedly weak contribution led to a miss. The figures were also below consensus as there were more negative one-offs than expected, which may have been attributable to the unclear guidance.