Bayer Had a Good Start to 2021, CEO Says
By Olivia Bugault
Bayer AG had a good start to the year, according to a
preliminary version of the speech that the company's chief
executive will make at the annual general meeting on Tuesday.
"Early indications suggest that we had a successful start to the
year," Chief Executive Werner Baumann said. "In the agriculture
business, in particular, we see a market environment that gives us
an increasingly positive perspective," he added.
The executive also confirmed that Bayer's sales should grow by
around 3% this year assuming constant exchange rates, while
earnings per share should be slightly below 2020's level.
Mr. Baumann also said that Bayer's goal will be to regain
shareholders' trust after a disappointing stock performance last
year. Bayer's share price fell from roughly EUR73 at the start of
2020 to around EUR48 at the end of last year.
The company made the speech available on its website Friday and
will release first-quarter results on May 12.
Write to Olivia Bugault at firstname.lastname@example.org
(END) Dow Jones Newswires
April 23, 2021 07:04 ET (11:04 GMT)
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