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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayer AG    BAYN   DE000BAY0017

BAYER AG

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Bayer : says it disagrees with German government's decision to ban glyphosate

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09/04/2019 | 07:52am EDT
Logo of Bayer AG at a plant of the German pharmaceutical and chemical maker in Wuppertal

BERLIN (Reuters) - Bayer on Wednesday said it disagreed with a decision by the German government to ban the use of glyphosate from the end of 2023, saying that the substance used in a weedkiller made by its U.S.-based unit Monsanto can be used safely.

"Such a ban would ignore the overwhelming scientific assessments of competent authorities around the world that have determined for more than 40 years that glyphosate can be used safely," the German chemicals giant said.

Glyphosate is the subject of billion-dollar U.S lawsuits Monsanto faces over claims it causes cancer. Concerns about glyphosate's safety emerged when a World Health Organization agency concluded in 2015 that it probably causes cancer. Bayer contests this.

(Reporting by Tassilo Hummel; Editing by Michelle Martin)

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Financials (EUR)
Sales 2019 46 067 M
EBIT 2019 8 274 M
Net income 2019 3 199 M
Debt 2019 37 472 M
Yield 2019 4,17%
P/E ratio 2019 21,2x
P/E ratio 2020 13,9x
EV / Sales2019 2,19x
EV / Sales2020 2,06x
Capitalization 63 469 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 78,94  €
Last Close Price 68,15  €
Spread / Highest target 80,5%
Spread / Average Target 15,8%
Spread / Lowest Target -43,1%
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Managers
NameTitle
Werner Baumann Chairman-Management Board
Werner Wenning Chairman-Supervisory Board
Wolfgang U. Nickl Chief Financial Officer
Katharina Jansen Head-Science & Research
Hartmut Klusik Head-Human Resources, Technology & Sustainability
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