Bayer expects full-year profit growth on demand from farmers By Reuters

© Reuters. FILE PHOTO: The logo of Bayer AG is pictured during the German drugmaker’s annual results news conference in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay

FRANKFURT (Reuters) – German diversified group Bayer (DE:) said on Tuesday it was aiming for a 7% rise in its adjusted core profit at constant currencies this year as demand for its seeds and pesticides being partly offset by investments. in new genetic treatment technologies.

Earnings before interest, tax, depreciation and amortization (EBITDA) before exceptional items is expected to reach €12 billion ($13.4 billion) in 2022, adjusted for currency fluctuations, from €11.18 billion last year. last year, the German company said in a statement on Tuesday. .

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