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Bayer predicts full-year profit growth on demand from farmers -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The Bayer AG Logo is displayed at the German drugmaker’s annual results conference in Leverkusen (Germany), February 27, 2019. REUTERS/Wolfgang Rattay

FRANKFURT (Reuters). German diversified group Bayer (OTC-:) announced Tuesday that they are aiming to achieve a 7% rise in core earnings this year at constant foreign currency rates. The increase in seed and pesticide demand is partially offset by investment in new genetic treatments technologies.

According to a German company statement, earnings before interest tax, depreciation or amortization (EBITDA) should exceed 11 billion euros in 2022.

($1 = 0.8930 euros)

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