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Bayer confirms guidance as Q3 sales rise 11.5%


Chemical giant Bayer says it “remains on a path of growth” as sales increased 11.5% in the third quarter compared to the same period in 2011.
Sales in Q3 were €9.7bn (£7.8bn), an increase of 11.5% or 5.5% when accounting for currency and portfolio adjustments. Ebit before special items increased by 1.7% to €1.19bn Ebitda before special items was up 2.2% to €1.85bn.
Overall, however, Bayer performed successfully in the third quarter, so is still expecting a currency- and portfolio-adjusted sales increase in 2012 of 4-5% compared to 2011. That would result in group of about €39-40bn.

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