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03-30-2007

Bayer: Annual Balance 2006

The Bayer Group closed the previous business year with a record result. Overall sales grew by 17.2% to around EUR 28.956 billion. That includes EUR 3.082 billion from the takeover of Schering AG. The earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 21.3% to EUR 5.584 (2005: EUR 4.602) billion. The operational result (EBIT) before special items, at EUR 3.479 (EUR 3.047) billion was also at an all-time high.

The Bayer MaterialScience company continued its positive sales trend in 2006 and expanded net profits by 7.6% to EUR 10.161 billion. The Materials business segment with the main product of polycarbonate achieved sales of EUR 2.925 billion, exceeding the previous year by 3.1%. In Segment Systems, in which polyurethanes are the biggest product group, earnings increased by 9.5% to EUR 7.236 billion.

With an EBITDA before special items of EUR 1.677 (1.764) billion, Bayer MaterialScience almost reached the previous year’s level.

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Covestro Deutschland AG

Kaiser-Wilhelm-Allee 60
DE 51373 Leverkusen
Tel.: 0214 60092000

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