Report
Martial Descoutures

Une fin d’année conduite par Covestro - NEUTRE - OC 111€

BAYER publie ce matin ses résultats du T4 2016 qui ressortent supérieurs aux attentes en ventes et EBITDA (de +1%et +5% respectivement). La principale différence provient de la forte performance de Covestro en cette fin d’année (en ventes et marges). BAYER divulgue une guidance 2017 marginalement au-dessus des attentes à la fois au niveau des ventes (supérieur à 49Mds€), mais aussi au niveau de la croissance de son EBITDA autour de +5% vs +5,7% att. NEUTRE maintenu. Conférence téléphonique à 14h.
Underlying
Bayer AG

Bayer is a life sciences group based in Germany. Co.'s operations are organized along three divisions: Pharmaceuticals (engaged in prescription pharmaceuticals for cardiology and women's healthcare); Consumer Health (engaged in non-prescription products in dermatology, dietary supplement, analgesic, gastrointestinal, allergy, cold and flu, foot care, sun protection and cardiovascular risk prevention categories); and CropScience (engaged in the development of seeds and plant traits; crop protection; and for gardens, the green industry and non-agricultural pest control). Co. also maintains an Animal Health business unit engaged in the development of products for farm and companion animals.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Martial Descoutures

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