This content is not available in your region

Bayer earnings slip on weak animal health, forex effects

Access to the comments Comments
Bayer earnings slip on weak animal health, forex effects
FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24, 2014. REUTERS/Ina Fassbender/File Photo   -   Copyright  Ina Fassbender(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) – Bayer <BAYGn.DE> reported a 1 percent decline in adjusted core earnings for the quarter, hurt by a weaker animal health business and as a strong euro weighed on the value of overseas sales.

Third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for one-off items, slipped to 2.2 billion euros ($2.5 billion), the company said on Tuesday, above an average estimate for 2.05 billion in a Reuters poll of analysts.

($1 = 0.8895 euros)

(Reporting by Ludwig Burger; Editing by Maria Sheahan)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.