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Bayer Q1 operating profit up 9% as crop protection unit gains

FRANKFURT, May 12 (Reuters) - Bayer BAYGn.DE on Tuesday said first-quarter operating profit gained 9%, driven mainly by its agricultural business.

Quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, came in at 4.45 billion euros ($5.23 billion).

That surpassed average analyst expectations of 3.93 billion euros, based on a consensus posted on the company's website.

 (Reporting by Ludwig Burger, Editing by Friederike Heine)

 ((ludwig.burger@thomsonreuters.com))

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