Bayer warned operating earnings would decline in 2023, adding to the challenges for its new CEO who will take the helm in June, as the agriculture and healthcare company is hit by higher costs and
Agriculture and healthcare company Bayer said operating earnings would likely decline in 2023, hurt by higher costs and the reversal of last year s price boost for its glyphosate-based weedkillers.
The German chemicals group said its net profit quadrupled last year against the backdrop of higher prices and strong demand for its glyphosate-based products.
Higher prices for herbicides boost Bayer profits in 2022 capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.
The Bayer Group achieved strong growth last year, posting significantly higher sales and earnings. “2022 was a very successful year for Bayer despite the challenging environment. We were able to d .