German chemical and pharmaceutical giant Bayer reported on May 12 that its first-quarter operating profit rose 9% year-on-year, significantly exceeding market expectations, driven by strong performance in its agricultural business, particularly from soybean seed revenues.
Financial data shows that Bayer's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), excluding special items, reached 4.45 billion euros (approximately $5.23 billion) for the first quarter. This figure is notably higher than the company's official compilation of average analyst estimates, which was 3.93 billion euros.
Among the segments, the Crop Science business performed exceptionally well, with profits soaring 17.9% year-on-year to 3 billion euros. Analysis indicates that, in addition to market demand, the resolution of a soybean licensing dispute with its main competitor Corteva earlier this year provided significant support for the segment's profit growth.
Alongside the earnings release, Bayer reaffirmed its currency-adjusted performance guidance for 2026, expressing confidence in achieving its full-year operational targets.
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