German companies post high sales and profits

Gibson, Jane
April 2007
ICIS Chemical Business;4/30/2007, Vol. 2 Issue 64, p5
Trade Publication
The article reports on the financial results of German chemical companies BASF and Bayer. The companies posted higher profits and sales during the first quarter of 2007. BASF posted a 13.5% year-on-year rise in earnings before interest and tax. Sales were up 17% to €14.6 billion. Bayer said it had exceeded analysts' estimates in the first quarter, and generated a net profit for the period boosted by divestments and the acquisition of drugs group Schering.


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