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.

November 12, 2024
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