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CODE DE0005752000
- BR Indice: Stoxx 50 - DAX 30
Bayer
figure parmi les premiers groupes mondiaux dans les secteurs de la chimie
et de la pharmacie. Ses activités s'articulent autour de 4 pôles
:
-
polymères: plastiques élaborés, caoutchouc, polyuréthanes
(1er fournisseur de matériaux en polyuréthanes pour l'industrie
du revêtement), fibres
-
santé. Bayer commercialise environ 150 médicaments (dont
l'aspirine) et des systèmes de diagnostics in vitro (1er producteur
au monde de tests de grossesse). La recherche du groupe s'oriente vers
les maladies cardio-vasculaires et respiratoires et les dysfonctionnements
du système nerveux
-
chimie: silicones, chimie organique, restauration chimique du cuir et des
textiles ;
-
agriculture : protection des cultures et soins vétérinaires.
02/03/07
Bayer HealthCare announces concrete plans for the global synergy goals
and job cuts
Savings
in the order of EUR 700 million annually from 2009 / 6,100 jobs to be cut
globally, 1,500 of these in Germany / Headquarters in Berlin to remain
the largest global location of Bayer Schering Pharma AG, Germany
Berlin
– Bayer HealthCare today published concrete plans regarding the previously
announced synergy goals. The integration of the activities of the former
Schering AG, Germany, with the Pharma division of Bayer HealthCare will
result in annual savings of EUR 700 million from 2009. Adjustments to personnel
requirements and the consolidation of processes and systems will each contribute
about half to the targeted global synergy effects.
As
announced in 2006, reducing the overlap between the two companies will
result in approximately 6,100 job cuts worldwide. There is to be a reduction
of 3,150 jobs in Europe. In addition, 1,000 jobs in the USA, 750 jobs in
the Asia, Pacific and Japan region as well as 1,200 jobs in Latin America
and Canada are affected.
Of
the 6,100 jobs worldwide there will be a reduction of 1,400 in the global
research and development functions and 1,850 in production by 2009. Approximately
2,850 positions from central administration as well as local and regional
structures will be reduced.
Bayer
makes official takeover offer for Schering
Acceptance
period for the offer of EUR 86 per share ends on May 31, 2006 / Wenning:
Offer is a worthwhile one for Schering shareholders
Leverkusen,
April 13, 2006 – The Bayer Group officially published the offer document
for the takeover of Schering AG today. As already announced on March 23,
2006, the company is offering EUR 86 for each Schering share. This represents
a total transaction value of approximately EUR 16.5 billion. The increase
compared with the previously communicated figure of EUR 16.3 billion is
primarily attributable to the fact that Schering AG has meanwhile issued
shares from its own shareholding for fulfillment of employee options and
will likely continue to do so during the validity period of the offer.
The offer can be accepted from now until the close of May 31, 2006, and
is approximately 61 percent above the unweighted 12-month average price
and some 39 percent above the closing price for the Schering share before
the first takeover rumors surfaced. “It is thus worthwhile for Schering
shareholders to accept our offer,” said Bayer Management Board Chairman
Werner Wenning.
Bayer
establishes a start-up company for the production of electroluminescent
films
EUR
24.5 million investment volume / Over 150 employees planned by 2012
The
first series production of the special electroluminescent film was for
illuminating the inside of ladies’ handbags. The technology used at LYTTRON
enables films that light up when an electric current is applied to be molded
into any shape, opening up endless design possibilities.
Leverkusen
– Bayer has established a start-up company for the production of electroluminescent
films. The volume of investment in LYTTRON Technology GmbH, a wholly-owned
subsidiary of the Bayer MaterialScience AG subgroup, is around EUR 24.5
million.
“Bayer
MaterialScience is one of the world’s leading manufacturers of high-tech
materials. We see ourselves as a technology driver, developing innovative
materials for our customers,” said Ian Paterson, Management Board member
responsible for Innovation and Marketing at Bayer MaterialScience AG. “For
example, in recent months we have created structures for rapidly transforming
ideas into marketable products and applications that were not previously
part of our core business. Now the first promising project has given rise
to a separate start-up company.” Paterson described the foundation of LYTTRON
Technology GmbH as a logical step in the implementation of the company’s
innovation strategy.
Monday
· March 06, 2006 Spring Financial News Conference on
March 6
Wenning:
2005 a very successful year for Bayer
Strong
growth: sales increase by 17.6 percent to EUR 27,383 million / EBIT before
special items climbs by 55.9 percent to EUR 3,300 million / Strong cash
flow performance – return on capital at record level / Further improvement
in the underlying operating result targeted for 2006 / 2006 off to a good
start
Leverkusen
- The Bayer Group made significant gains in sales, earnings and cash flow
last year. “2005 was one of the most successful years in our company?s
history,” said Bayer AG Management Board Chairman Werner Wenning at the
Spring Financial News Conference in Leverkusen on Monday. Sales of the
Bayer Group rose by 17.6 percent year on year to EUR 27,383 million (2004:
EUR 23,278 million), while the operating result (EBIT) before special items
climbed by 55.9 percent to EUR 3,300 million (2004: EUR 2,117 million).
“These numbers underscore the fact that our strategic realignment toward
innovation and growth has brought a sustained improvement in the Bayer
Group?s earning power,” declared Wenning. He said the company intends to
build on this positive performance in 2006, achieve further growth in all
areas and improve the underlying operating result once again. “The pleasing
business trend in the first two months of 2006 justifies our optimism,”
Bayer?s CEO added.
The
expansion in sales in 2005 was partly due to the consumer health products
acquired from Roche and to business with Lanxess. Adjusted for the effects
of currency and portfolio changes, Group sales rose by 7.5 percent. Earnings
before interest, taxes, depreciation and amortization (EBITDA) before special
items moved ahead by 24.9 percent to EUR 5,082 million (2004: EUR 4,069
million), yielding an underlying EBITDA margin of 18.6 percent in 2005.
“This already put us very close to our target return for 2006,” commented
Wenning.
The
strong performance for the full year was bolstered by the continuing upward
trend in the fourth quarter. This was the strongest quarter of 2005 in
terms of sales, which rose to EUR 7,095 million (Q4 2004: EUR 6,111 million).
Underlying EBIT in the fourth quarter improved by 54.5 percent year on
year to EUR 615 million (Q4 2004: EUR 398 million).
Positive
earnings performance in all three subgroups
Earnings
of all three subgroups improved significantly in 2005. Bayer HealthCare
and Bayer MaterialScience also posted strong growth in sales.
Sales
of Bayer HealthCare rose by 17.0 percent to EUR 9,429 million (2004: EUR
8,058 million), with the consumer health business acquired from Roche accounting
for a substantial EUR 1,061 million. Due to strong growth in its core business,
the Pharmaceuticals Division almost completely offset the decline in sales
of its anti-infective Cipro® caused by the patent expiration in the
United States, and the drop in reported sales revenues due to the marketing
of its primary care products in the U.S. by Schering-Plough. The products
Levitra® and Trasylol® performed particularly well in the market,
both expanding by 35 percent. Bayer?s strongest-selling drug product, Kogenate®,
improved by 18 percent.
EBIT
of Bayer HealthCare before special items climbed by 26.9 percent to EUR
1,319 million (2004: EUR 1,039 million), with underlying earnings growth
strongest in the Pharmaceuticals, Biological Products and Consumer Care
divisions. The underlying EBITDA margin rose to 18.9 percent, which means
HealthCare has already exceeded the margin of more than 17 percent targeted
for 2006.
In
a difficult market environment, sales of Bayer CropScience in 2005 were
slightly lower at EUR 5,896 million (2004: EUR 5,946 million). This was
due in particular to lower sales of insecticides and fungicides, which
were held back by the exceptionally long droughts in Brazil, southern Europe
and Australia.
Nonetheless,
underlying EBIT of Bayer CropScience rose by 31.2 percent to EUR 685 million
(2004: EUR 522 million), mainly because of the absence of goodwill amortization.
Without this effect, underlying EBIT rose by 6 percent. The underlying
EBITDA margin rose to 21.6 percent. Against the background of adverse market
development, especially in Brazil, Bayer CropScience will not yet be able
to achieve its target EBITDA margin of 25 percent for 2006, Wenning said.
Further restructuring will be carried out to improve the subgroup?s profitability.
Bayer
MaterialScience achieved by far the highest growth rates for both sales
and earnings. Sales rose by 24.4 percent to EUR 10,695 million (2004: EUR
8,597 million), largely as a result of selling price increases that were
necessary in light of the sharp rise in raw material costs. Due to this
gratifying expansion in business, underlying EBIT at Bayer MaterialScience
moved ahead by 110.2 percent to EUR 1,404 million (2004: EUR 668 million).
The underlying EBITDA margin climbed to 18.2 percent. Thus Bayer MaterialScience
met its 2006 target margin of 18 percent a year earlier than planned.
Highest
growth rates registered in Europe
More
than half of the increase in business was achieved in Europe, where sales
rose by 22.0 percent to EUR 11,930 million. Sales in Germany grew even
more strongly, advancing by 37.4 percent to EUR 4,176 million. Adjusted
for the effects of portfolio changes - primarily sales to Lanxess and revenues
from the acquired Roche OTC business - the increase in Germany was approximately
10 percent, compared to about 6 percent for Europe as a whole. Sales in
the North America region advanced by 12.7 percent to EUR 7,340 million.
In the Asia/Pacific region, China was the main growth driver with sales
there advancing by 39 percent. Sales in the region as a whole climbed by
15.5 percent to EUR 4,578 million. In the Latin America/Africa/Middle East
region, sales moved ahead by 16.7 percent to EUR 3,535 million.
Net
income more than doubled to EUR 1.6 billion
There
were, however, a number of special items which on aggregate diminished
the gratifying earnings performance in 2005 by EUR 488 million. After these
special items, EBIT improved by 50 percent to EUR 2,812 million (2004:
EUR 1,875 million) and EBITDA by 21.2 percent to EUR 4,647 million (2004:
EUR 3,834 million) million. Net income jumped by EUR 912 million to EUR
1,597 million.
The
growth in earnings was also reflected in the gross cash flow, which advanced
by 20.5 percent to EUR 3,477 million (2004: EUR 2,885 million). Net cash
flow rose even more significantly, gaining 56.6 percent to EUR 3,542 million
(2004: EUR 2,262 million). Of particular importance to the Bayer Chairman
was the fact that the return on capital was at a record level, with a cash
flow return on investment of 12.4 percent. “This means that we created
considerable value for Bayer, and of course for our stockholders too.”
15/03/05
Bayer
s’attend pour 2005 à une nette croissance du chiffre d’affaires
et du résultat pour les activités maintenues
03/02/05
Bayer
CropScience intends to further expand its market leadership position in
Latin America
Sales
in Latin America rise 32 % in the first nine months of 2004 |