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Bayer slashes 2024 earnings forecast due to poor agrochemicals sales, reporting a €4.18 billion loss.
Bayer has reduced its 2024 earnings forecast due to poor performance in its agriculture division, reporting a third-quarter net loss of €4.18 billion and a 3.6% drop in revenues.
The company now expects its EBITDA to be between €10.4 billion and €10.7 billion, down from a previous forecast of €10.7 billion to €11.3 billion.
Sales of glyphosate-based herbicides and corn seeds have fallen, negatively impacting the agrochemicals division.
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Bayer recorta 2024 ingresos previstos debido a las escasas ventas de agroquímicos, reportando una pérdida de € 4.180 millones.