Europe leads growth at Bayer
The Bayer Group has reported positive results for 2006 with sales rising 17.2% to €28.9 billion (2005: €24.7 billion). The 2006 total includes €3 billion in revenues from the Schering business in the period from June 23.
Earnings rose by 21.3% to the record level of €5.6 billion (2005: €4.6 billion).
The upward business trend at Bayer MaterialScience continued in 2006, with sales advancing 7.6% to €10.2 billion. This growth was due primarily to higher volumes in all business units, while selling prices rose slightly on average. Sales for the Materials segment, where the main product is polycarbonate, were up 3.1% to €2.9 billion and sales in the Systems segment, dominated by the polyurethanes business, climbed 9.5% year-on-year to €7.2 billion.
In regional terms, the company achieved its largest sales increase in
The company expects to further improve its earning power in 2007, following a positive two months, and is anticipating an increase in sales of more than 10%.
