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Bayer posts unexpected 1.9% gain in Q2 adjusted EBITDA

Bayer posts unexpected 1.9% gain in Q2 adjusted EBITDA

- Bayer BAYGn.DE on Tuesday reported an unexpected gain of 1.9% in quarterly operating profit on strong sales of agriculture products as well as of its pharmaceuticals Nubeqa and Kerendia.

Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for one-offs, came in at €2.14 billion ($2.46 billion), above market expectations of €1.94 billion in an analyst consensus posted on the group's website.



($1 = 0.8690 euros)


(Reporting by Ludwig Burger, Editing by Miranda Murray)

((ludwig.burger@thomsonreuters.com))

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