Volume 91 Issue 9 | p. 11 | News of The Week
Issue Date: March 4, 2013

Bayer And BASF Post Record Sales In 2012

Growth: But net earnings dip at the German chemical giants
Department: Business
Keywords: earnings, Germany, financial results

Bayer and BASF, Germany’s two largest chemical companies, reported record sales for 2012 last week, with the strongest growth coming from developing countries. But earnings at both firms were below the levels recorded in 2011.

Bayer’s net earnings for 2012 were down 1.0% to $3.2 billion, based on an 8.8% sales increase to $52.4 billion. Bayer’s life sciences businesses recorded the strongest growth in earnings and sales. “We continued to grow . . .

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