Bayer kicks off 2012 with 1st-qtr sales up 6.8% and profits rocketing 53.5%

26 April 2012

Germany’s Bayer Group (BAYN: DE) saw its shares rise 2.3% to 54.41 in early trading this morning, after the company posted first-quarter 2012 results that beat analysts’ estimates. Sales in the quarter rose 6.8% to a record 10.06 billion euros ($13.28 billion). Adjusted for currency and portfolio effects (Fx & portfolio adj.), business expanded 5.2%. The operating result (EBIT) climbed 42.6% to 1.64 billion euros. (Q1 2011: EUR 1,148 million).

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