Bayer raises 2026 adjusted EBITDA outlook to EUR 9.8 billion-10.3 billion at constant currencies
- Bayer raised its 2026 constant-currency adjusted EBITDA forecast to 9.8 billion–10.3 billion euros, from 9.6 billion–10.1 billion euros.
- Free cash flow is now forecast at negative 1.5 billion–negative 0.5 billion euros, an improvement of 1 billion euros.
- Year-end net financial debt is projected at 28 billion–29 billion euros at constant currencies, versus 29 billion–30 billion euros previously.
- The pharmaceutical adjusted EBITDA margin outlook increased to 25%–27% from 24%–26%, supported by strong performance.
- Nine-month adjusted EBITDA grew 7%, while organic sales rose 3%.
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