Tuesday, February 26, 2019

Bayer 2018 EBITDA Before Special Items Rises 2.8%; Adj. Sales Up 4.5%

Bayer (BAYZF.PK, BAYRY.PK, BYR.L) reported that its fiscal 2018 income from continuing operations to shareholders declined by 76.9 percent to 1.695 billion euros, due in part to the prior-year figure including a gain in connection with the deconsolidation of Covestro. Earnings per share from continuing operations was at 1.80 euros compared to 3.67 euros, prior year. EBITDA before special items rose by 2.8 percent to 9.547 billion euros. Core earnings per share from continuing operations were above expectations, at 5.94 euros, minus 10.5 percent.

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