BERLIN: Bayer AG cut its forecast for the year because the euro’s strength is curbing sales as it pushes to close its US$66bil purchase of Monsanto Co.
Sales will drop below last year’s 35 billion euros (US$42bil) while earnings are set to decline by a low-single-digit percentage, the Leverkusen, Germany-based company said in a statement yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!