Bayer aims high for its 2009 targets

Williams, Dede; Watts, Mark
March 2007
ICIS Chemical Business;3/19/2007, Vol. 2 Issue 58, p5
Trade Publication
The article reveals that after buying Schering, Bayer has lifted its 2009 targets for earnings, capital expenditure, and research and development. According to Chairman Werner Wenning, Bayer's management is targeting an underlying margin of 22% for earnings before interest, tax, depreciation and amortization (EBITDA) by 2009. An overview of the company's earnings from its diverse chemical operations and its planned expenditures beginning in 2007 is discussed.


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