Solid 2nd-qtr results from Bayer exceed expectations

31 July 2013

German pharma and chemical major Bayer (BAYN: DE) today (July 31) reported second-quarter 2013 results with 1.9% growth in group sales to EUR 10.36 billion euros ($13.74 billion). Group earnings before interest and tax (EBIT) rocketed 73.9% to 1.29 billion euros. EBIT before special items grew 2.7% to 1.54 billion euros. The news pushed Bayer’s shares up 2.6% to 86.54 euros in early trading.

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