Bayer Expects Higher Profitability In Coming Years
LEVERKUSEN (dpa-AFX) - Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) said it expects dynamic growth with higher profitability in the coming years and is accelerating its transformation.
Speaking at the virtual Capital Markets Day on Wednesday, CEO Werner Baumann emphasized Bayer s long-term growth perspectives.
The company expects core earnings per share to be between 7.00 euros and 7.50 euros in 2024 based on constant currencies. The free cash flow is set to grow to around five billion euros by 2024. By 2024, net sales are planned to reach 43 billion euros to 45 billion euros.
Sales growth at Bayer is planned to regain momentum in 2021 and further accelerate in the years thereafter.