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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayer AG    BAYN   DE000BAY0017

BAYER AG

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Bayer : Global agreement supports FieldView expansion in Europe and other regions

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11/10/2019 | 05:45am EST
Sunday - November 10, 2019
Climate FieldView™ Partnership with CLAAS Brings Bayer Data Science to More Farms:
Global agreement supports FieldView expansion in Europe and other regions
downloadDigital tools from Bayer help farmers make better decisions, helping them manage risk and maximize yield.

Monheim, November 10, 2019 - Today, CLAAS announced a global partnership with The Climate Corporation, Bayer's digital farming arm, and its industry-leading FieldView™ digital farming platform, providing farmers with seamless connectivity and unlimited storage of machine-generated agronomic data directly to their FieldView account.

Through this partnership, FieldView customers using CLAAS TELEMATICS will gain secure cloud-to-cloud access to machine-generated insights like yield reports and maps, average grain moisture, as well as a digital record of the field worked - all in one place.

The combination of machine-generated data from farm equipment, publicly available data, such as weather information, and predictive models from The Climate Corporation are helping farmers put data science to work on the farm.

'Farmers have been collecting data from their farm equipment for decades. The same is true for weather data, soil data, crop performance data, the list goes on and on,' said Mike Stern, CEO of The Climate Corporation and Head of Digital Farming for Bayer Crop Science. 'These data sets become even more valuable to our customers when they can be combined with the advanced AI tools we are developing to help drive profitability and reduce risk on their farms. This partnership with CLAAS simplifies that process, helping farmers around the world use digital tools to sustainably increase their productivity.'

In 2017, the companies announced initial efforts to connect select CLAAS combines and forage harvesters via the Climate FieldView™Drive device. Connectivity has grown ever since, and this recent agreement further expands compatibility to all farmer customers of both FieldView and CLAAS TELEMATICS, providing a secure cloud-to-cloud connection without requiring the use of the FieldView Drive.

'The CLAAS premium claim is to offer farmers not only high-performance machines but also best-in-class connectivity solutions,' said Thomas Böck, CEO, CLAAS. 'Direct and secure data exchange with Climate FieldView using the CLAAS API allows users to integrate CLAAS machines even better into their existing farm infrastructure. This simplifies documentation and prevents errors and data loss.'

Putting data science to work on the farm is not only helping farmers' bottom lines, but it's also creating significant environmental benefits. Precision farming equipment and digital tools like FieldView allow growers to farm by the meter and apply inputs like seeds, fertilizers, pesticides and water only where and when they are most needed. FieldView can also provide a digital receipt of farm management activities, giving farmers the ability to record sustainable practices and demonstrate how their farming operations support environment stewardship.

First launched in the United States in 2015, FieldView gives farmers a deeper understanding of their fields so they can make more informed operating decisions to optimize yields, maximize efficiency and reduce risk. FieldView is currently on more than 60 million paid acres across North America, South America and Europe and is on track to achieve more than 90 million paid acres globally in 2019. It has quickly become the most broadly connected platform in the industry and will continue to expand into other global regions over the next few years.

To learn more about Bayer's vision of modern agriculture visit here: www.bayer.com/en/advancing-together.aspx

More about Bayer's sustainability initiatives online at: www.bayer.com/commitments.

About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2018, the Group employed around 117,000 people and had sales of 39.6 billion euros. Capital expenditures amounted to 2.6 billion euros, R&D expenses to 5.2 billion euros. For more information, go to www.bayer.com.

About CLAAS
CLAAS (www.claas-gruppe.com) is a family business founded in 1913 and one of the world's leading manufacturers of agricultural machinery. The company, with corporate headquarters in Harsewinkel, Germany, is the European market leader in combine harvesters. CLAAS is the world leader in another large product group, autonomously driven forage harvesters. CLAAS is also a top performer in agricultural technology worldwide, with its tractors, agricultural balers and green harvesting machinery. The CLAAS product portfolio also includes state-of-the-art agricultural information technology. CLAAS employs around 11,000 workers worldwide and reported a turnover of EUR 3.8 billion in the 2018 financial year.

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Disclaimer

Bayer AG published this content on 10 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2019 10:44:09 UTC

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Sales 2019 44 091 M
EBIT 2019 7 813 M
Net income 2019 2 957 M
Debt 2019 35 920 M
Yield 2019 4,14%
P/E ratio 2019 21,6x
P/E ratio 2020 13,1x
EV / Sales2019 2,35x
EV / Sales2020 2,15x
Capitalization 67 787 M
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