Bayer: Fiscal 2010
In 2010 sales of the Bayer Group, Leverkusen, Germany, climbed by 12.6% to EUR 35,088 million (2009: EUR 31,168 million). Adjusted for currency and portfolio effects (Fx&p adj.), sales were up by 8.0%. Earnings before interest, taxes, depreciation and amortization (Ebitda) – before special items – rose by 9.7% to EUR 7,101 million (2009: EUR 6,472 million), with currency effects having a positive impact of some EUR 0.4 billion. The operating result (Ebit) before special items advanced by 18.0% to EUR 4,452 million (2009: EUR 3,772 million).
Net income of the Bayer Group for 2010 was held back considerably by special charges of EUR 1,722 million (2009: EUR 766 million). After special items, Ebit declined by 9.2% to EUR 2,730 million (2009: EUR 3,006 million). Net income came in at EUR 1,301 million (2009: EUR 1,359 million), down 4.3% year on year. By contrast, core earnings per share advanced by a substantial 15.1% to EUR 4.19 (2009: EUR 3.64).
Gross cash flow rose by 2.4% to EUR 4,771 million (2009: EUR 4,658 million), with net cash flow advancing by 7.4% to EUR 5,773 million (2009: EUR 5,375 million). Strict capital discipline enabled net financial debt to be reduced by 18.3% to EUR 7,917 million (2009: EUR 9,691 million).
At MaterialScience sales climbed by 35.0% (Fx&p adj. 30.1%) to EUR 10,154 million (2009: EUR 7,520 million). Business with raw materials for foams (polyurethanes) expanded by 27.8% (Fx&p adj.), thanks largely to much higher volumes in all product groups and regions. The largest increases in absolute terms were registered in Europe and Asia/Pacific. Sales of high-performance plastics (polycarbonate) advanced by 42.9% (Fx adj.). This growth was mainly the result of considerable volume and price increases for granules. Business with raw materials for coatings, adhesives and specialties improved by 27.2% (Fx adj.) year on year thanks to significant growth in volumes.
Ebitda before special items of MaterialScience tripled to EUR 1,356 million (2009: EUR 446 million), mainly due to much higher volumes.
Covestro Deutschland AG
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.