Bayer's Q1 net profit fell to €2bn from €2.18bn due to lower sales and currency headwinds.
Bayer's Q1 net profit dropped to €2bn, down from €2.18bn last year, due to lower sales across all segments and currency headwinds. Group sales fell 4.3% to €13.77bn, while core earnings per share from continuing operations decreased to €2.82 from €2.95, mainly due to the decline in earnings at its Crop Science Division. The company confirmed its currency-adjusted forecast for the full 2024 year based on 2023 exchange rates.
May 14, 2024
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