Bayer AG Eyes At Least 7.5 Billion Euros In Sales From Five Key Drugs
Published: Feb 28, 2014
LEVERKUSEN, Germany, Feb 28 (Reuters) - Germany's largest drugmaker Bayer lifted its estimate for potential sales of new drugs by billions of euros on Friday, softening the blow of a fall in fourth-quarter earnings.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the last three months of 2013 slipped to 1.77 billion euros, dampened by a weak Japanese yen and emerging-market currencies, the company said, missing the 1.91 billion euro average estimate in a Reuters poll.
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