LEVERKUSEN (dpa-AFX) - German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) Thursday said its third-quarter net income increased to 999 million euros from 826 million euros in the previous year. Earnings per share were 1.21 euro, compared to 1.00 euro last year.
Core earnings per share were 1.69 euro, while it totaled 1.32 euro last year.
Sales climbed 10.7 percent to 11.036 billion euros from 9.967 billion euros in the prior year.
For full year 2015, Bayer continues to target a high-teens percentage increase in core earnings per share and expects positive currency effects of now around 4 percent, compared to around 5 percent expectation previously.
Bayer continues to predict that group sales will rise by a low single-digit percentage.
The Bayer Group now expects positive currency effects to raise sales by 6 percent, compared to the previous expectation of 7 percent. The firm plans sales in the region of 46 billion euros, compared to the previous estimate of 47 billion euros.
Copyright RTT News/dpa-AFX