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Bayer cuts FY operating earnings outlook on weak agriculture markets

11/12/2024

Less than a minute

2024.11.12 02:07

FRANKFURT (Reuters) – Bayer (OTC:) on Tuesday lowered its full-year operating earnings guidance, citing weaker agricultural markets in Latin America.

© Reuters. FILE PHOTO: The 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs, is seen next to a red traffic light in Leverkusen, Germany, September 23, 2023. REUTERS/Wolfgang Rattay/File Photo

The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items and the impact of currency swings, of between 10.4 billion euros ($11.1 billion) and 10.7 billion euros, down from a previous forecast of 10.7-11.3 billion euros.

($1 = 0.9401 euros)

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11/12/2024

Less than a minute