September 5, 2018 / 5:49 AM / 9 months ago

Bayer Q2 core earnings up 3.9 pct thanks to Monsanto takeover

FRANKFURT, Sept 5 (Reuters) - Bayer eked out a 3.9 percent gain in underlying core earnings for the quarter, as the addition of U.S. seeds maker Monsanto offset weak consumer healthcare sales and unfavourable currency effects.

Second-quarter earnings before interest, tax, depreciation and amortization (EBITDA) and adjusted for one-off items rose to 2.335 billion euros, the company reported on Wednesday, slightly below analyst estimates in a Reuters poll for 2.435 billion on average.

Bayer now expects EBITDA before special items to increase by a low- to mid-single-digit percentage in 2018. It had previously forecast a decline by a low-single-digit percentage, at the time excluding the effect of the Monsanto acquisition. (Reporting by Ludwig Burger; editing by Brenna Hughes Neghaiwi)

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