Bayer posts earnings recovery

By Patrick Raleigh, ERJ On-line news editor

Leverkusen, Germany- Higher capacity utilisation and improved margins “in certain areas of the polyurethanes business” helped Bayer MaterialScience to a 21.6-percent rise in first quarter earnings (EBIT before special items) to Euro135 million. Currency- and portfolio-adjusted sales came in at Euro1877 million-8.2 percent higher than the same period last year, the company reported 10 May.

The Bayer businesses within Lanxess reported a 290-percent rise in EBIT before special items to Euro75 million from sales 2.1 percent lower at Euro1478…

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