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Pharmaceutical

Bayer confident after positive first quarter

April 27, 2012
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FRANKFURT, Germany — German pharmaceutical and chemical company Bayer AG said its confidence is high for the rest of the year following a good first quarter, MarketWatch reported.

Bayer continues to forecast a currency- and portfolio-adjusted sales increase of about 3% and a slight improvement in earnings before interest, taxes, depreciation and amortization before special items, the article stated.

In the first quarter, sales increased 6.8% on the year to EUR10.06 billion.

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