Bayer with first internet general meeting in Germany

Dusseldorf Werner Wenning stands in the usual calm pose at the lectern. The corporate logo is emblazoned behind Bayer’s head of the supervisory board, he reaches for the water glass a few times and welcomes the shareholders to this year’s general meeting. Wenning looks around the room as he looks into the faces of an […]

Bayer could survive the crisis easily – glyphosate dispute remains a burden

With the outbreak of the corona pandemic, Baumann has shifted the focus: The CEO positions Bayer as a socially committed group that has a relatively robust business thanks to its focus on medicines and agricultural products. Baumann will also announce this message in his speech to shareholders at the Group’s first virtual general meeting on […]

Henkel is canceling its forecast for the financial year

Carsten Knobel The CEO was hopeful that he would “manage the crisis as best as possible and emerge stronger from it”. (Photo: dpa) Dusseldorf The Corona pandemic also hits the Düsseldorf Henkel group hard. He is canceling his previous goals for the new financial year. “Since the Covid-19 pandemic has a global impact and its […]

A weakening global economy is dampening Evonik’s expectations

Specialty chemicals group Evonik In 2019, Evonik posted operating income of EUR 2.153 billion. (Photo: AP) Dusseldorf The specialty chemicals group Evonik expects 2020 to be a burden from the weakening global economy. CEO Christian Kullmann therefore expects the operating profit with stable sales in a range between two and 2.3 billion euros, as Evonik […]

Brudermüller’s strategy is put to the test

BASF boss Martin Brudermüller Frankfurt Measured against the panicky mood on the capital markets due to the corona virus, the numbers and forecasts of chemical giant BASF have a calming effect. After an almost 30 percent drop in operating profit last year, the Ludwigshafen-based group is forecasting an approximately stable operating profit and moderate sales […]

Chemical company surprises with strong fourth quarter

BASF in Ludwigshafen The group suffered above all from the weak auto industry and the trade conflict between the United States and China. (Photo: AFP) Frankfurt BASF surprisingly increased earnings significantly in the fourth quarter. Adjusted operating profit (EBIT) increased by a good 23 percent to 765 million euros, as the chemical company announced on […]

Bayer stays on course and promises profit growth – the flash analysis

Leverkusen Bayer AG presented the figures for the fourth quarter and for the full year 2019 this Thursday morning – the flash analysis: Operationally, Bayer remains on track and has fully met its own goals and the expectations of the analysts. A positive signal is that the promised growth has been achieved in all three […]

Bayer chief overseer Werner Wenning resigns his position early

Leverkusen A change of timing is pending at the chemical and pharmaceutical group Bayer: at the end of April 2020, Werner Wenning, the longstanding chairman of the supervisory board, will step down from his post. His successor is already certain: It is the accountant Norbert Winkeljohann who has been on the board of the Leverkusen […]

US court imposes high million fine on Bayer and BASF

Orchard The U.S. court considers it proven that the weed killer Dicamba has destroyed parts of an agricultural area. (Photo: AP) Dusseldorf Bayer has to go to court in the US for a Monsanto product. A Missouri court has ordered Bayer and BASF to pay a plaintiff farmer a total of $ 265 million for […]

Linde is trimmed for efficiency

Munich Linde gave up the chic company headquarters in downtown Munich not far from the Viktualienmarkt at the turn of the year. Efficiency has been everything since the merger with US competitor Praxair. CEO Steve Angel, who heads the joint group, relentlessly trims the company for returns. And so the American presented the annual figures […]