Bayer Profit Drops 35%, Launches Overhaul To Counter Generic Pressure

Bayer AG BAYRY reported on Tuesday that the first quarter of 2025 net profit was 1.3 billion euros (around $1.45 billion), down from 2 billion euros a year ago.The company reported:Adjusted earnings of 65 cents, beating the consensus of 38 cents.Sales reached $14.45 billion (13.74 billion euros), beating the consensus of $13.39 billion.EBITDA before restructuring and litigation charges fell 7% year-on-year to 4 billion euros in the first quarter.Earnings were held back by the business performance in the Cro ...