Bayer'S Plastics Industry Showed An Increasing Trend During The Crisis In 08 Years
Germany's largest pharmaceutical manufacturer Bayer BayerAG announced on Tuesday that its fourth quarter earnings grew by 58% over the same period last year. But it is global. Economic crisis And its flag Plastic (7740, -270.00, -3.37%) product department market demand The company was downgraded in 2009 because of the serious weakness.
In the three months ended December 31st, Bayer Net profit increased from 67 million euros in the same period last year to 106 million euros ($134 million). But the adjusted profit, tax, depreciation and amortized profit figures (EBITDA) were reduced by 4.6% to 1 billion 360 million euro, slightly below the company's previous expectations. Analysts usually use EBITDA numbers to measure a company's performance.
Bayer's fourth quarter sales decreased by 1.5% to 7 billion 920 million euros compared with the previous year, due to the poor performance of its chemical product department, MaterialScience.
Bayer (Bayer) (DE:BAY) raised its stock interest rate from 1.35 euros to 1.40 euros last year. But the company warned today that profit and sales revenue will decline in fiscal 2009.
Bayer warned that it would produce foam for the automotive industry. Plastic The sales and earnings of the chemical products Department of the products will be "seriously down" before they are deducted from the project.
Over the past two months, the demand for new cars has collapsed, leading to the reduction of output by all large car manufacturers. Therefore, suppliers in the automotive industry are also forced to take measures to reduce production.
Bayer said on Tuesday that its chemical products department had low performance in the beginning of this year, so it has taken measures to reduce production time.
On Tuesday, the German stock market in Frankfurt was on the market. Bayer The company's share price fell by 2.3%. Bayer's share price has fallen by 29% in the past 12 months.
Editor in chief: Xu Qiyun
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