Bayer anticipates stagnant sales in 1999
Article Abstract:
Bayer AG announced that its sales for the first two months of 1999 dropped by 10%. The company predicted that its sales and operating profits for the year would be flat. Bayer revealed a comprehensive restructuring strategy that is designed to reduce yearly costs by 8% by the year 2001. This comes out to 700 million marks ($391.4 million). Analysts believe Bayer's attempts at cost-reduction could help the company's drug division, which has been struggling in terms of profits.
Comment:
Sales for the first two months of 1999 dropped by 10%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Bayer's operating earnings fell 45% in second quarter
Article Abstract:
Bayer AG posted negative second-quarter earnings and announced it would reduce 1,800 jobs a day after reported patient deaths made it take off of the market one of the world's top-selling cholesterol-lowering drugs from the market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Sales at Bayer fell 2.6% in 1999, but net rose 24%
Article Abstract:
Bayer AG posted a decline of 2.6% in its sales for the 1999 year. However, the company did see a rise of 24% in its net profits for the year to 2 billion euros.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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