HALISTER: Bayer Sees Earnings Hit From Brazilian Crop Science Business

Bayer Sees Earnings Hit From Brazilian Crop Science Business

(Bloomberg) -- Bayer sees one-time negative impact of EU300m to EU400m on Ebitda before special items for 2017.
  • “At the end of the harvest season in Brazil, regular stocktaking revealed an unexpectedly high channel inventory level of crop protection products”
  • Co. taking “appropriate accounting measure” in 2Q
  • Bayer also expects earnings to be impacted by unfavorable currency developments
  • Business performance by Consumer Health Division is weaker than previously expected
  • Bayer will be adjusting full-year forecasts for sales and earnings in Crop Science and Consumer Health divisions.
  • “This will also result in adjustments to the forecasts for group sales and earnings indicators”
Link to Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAYN GR (Bayer AG)

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BFW Europe Credit News

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