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Top related persons:
Bayer - 2 Bill Anderson - 2 Roche - 2 Hurricane Ida - 2 Werner Baumann - 2 Thomas Escritt - 2 Ludwig Burger - 2 Jonathan Oatis - 2
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BERLIN
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FMC - 2 BASF - 2 Bayer - 2 Thomson - 2 Union Investment - 1 Barclays - 1

Search resuls for: "Ludwig Burger Thomas Escritt"


2 mentions found


☆ Bayer slashes outlook as glyphosate demand weakens further
  + stars: | 2023-07-25 | by ( Ludwig Burger Thomas Escritt | Ludwig Burger | Thomas Escritt | ) www.reuters.com   time to read: +3 min
July 25 (Reuters) - Further deterioration in demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.
Persons: Bayer, Bill Anderson, Roche, Markus Manns, Anderson, Hurricane Ida, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton, Kirsten Donovan Organizations: Union Investment, Barclays, FMC, BASF, Bayer, Thomson
☆ Bayer slashes outlook over weak glyphosate demand
  + stars: | 2023-07-24 | by ( Ludwig Burger Thomas Escritt | Ludwig Burger | Thomas Escritt | ) www.reuters.com   time to read: +2 min
BERLIN, July 24 (Reuters) - Weak demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook for the second time and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.
Persons: Bayer, Hurricane Ida, Bill Anderson, Roche, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton Organizations: Bayer, FMC, BASF, Thomson Locations: BERLIN
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