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Bayer shares rise after positive third quarter report

By David Burrows

10:40, 9 November 2021

The Bayer company logo stands on top of a roof
Bayer has seen a strong recovery in Q3 – Photo: Shutterstock

The share price of Bayer was up almost 3% in late-morning London trade after it posted strong third quarter numbers. The German-based pharma and life science giant revealed that group sales in the third quarter of 2021 rose by 14.3% to €9.78bn (£8.35bn).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) before special items increased by 16.4% to €2.09bn, and included a negative currency effect of €44m. Net income amounted to €85m – this compared to a third quarter 2020 loss of €2.74bn.

The company said core earnings per share advanced by 29.6% to €1.05, mainly due to the development of business within the crop science division. Free cash flow increased by 58% to €1.95bn and net financial debt at end of September decreased to €33.9bn, down 1.1% from the end of June 2021 figure.

Growth momentum

Commenting on the latest results, Werner Baumann, chairman of the board of management at Bayer, said: “We delivered strong operational performance with all divisions showing strong growth momentum.”


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He added: “Our third-quarter performance shows that we are very much on the right track – both in terms of operational development and the market launch of new products.

“We have aligned our corporate strategy and our innovation potential toward health and nutrition, which are areas of systemic importance. In doing so, we are looking to help solve a question of fundamental importance: How do we feed and satisfy the health needs of a growing population in the face of climate change?”

Read more: Germany’s trade surplus dips in September

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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