Bayer's sales and net declined in first quarter
Article Abstract:
Bayer AG posted a loss in its sales and net profits for the first quarter of 1999. The German company's quarterly sales fell by 4.6% while its net profits declined by 9.5%. Bayer attributed the losses to a cyclical decline in its demand during the quarter. Analysts had predicted only a slight fall in the company's sales and a fall of 4.5% in its net profits. Bayer's sales dropped to 6.99 billion euros ($7.41 billion) for the quarter. Its net profits dropped to 395 million euros.
Comment:
Posts loss in sales and net profits for first quarter of 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Agfa IPO faces a slow start on low interest
Article Abstract:
Agfa Gevaert NV's initial public offering is expected to start slowly on June 1, 1999. Slow demand is exepcted to maintain the company's starting price at 22 euros per share. Agfa's shares are pegged at the lower end of the 21 euro-26 euro bookbuilding spread. Analysts believe that this could be a bad sign for things to come. Agfa's stock will also not be included in a large stock index. The company's IPO will be the second-largest in Germany's history.
Comment:
Initial public offering is expected to start slowly on June 1, 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Bayer's net fell by 56% in period amid slow sales
Article Abstract:
Bayer AG posted a drop of 56% in its net profits for the 2003 second quarter. The company posted 128 million euros in net profits for the period.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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