Overview of Business Performance

Target Attainment 2016

Growth and Profitability (icon)

Group targets 2016:

growth and profitability

Target Attainment 2016

Target Attainment 2016 (graph)

1 Issued in February 2016
2 Issued in October 2016
3 Currency- and portfolio-adjusted

Economic Position of the Bayer Group

Record operating performance

The Bayer Group had a very successful year in 2016 – both strategically and operationally. We achieved a new record in terms of operating performance. Sales improved by 3.5% on a currency- and portfolio-adjusted basis and EBITDA before special items increased by a substantial 10.2%. Pharmaceuticals again showed a convincing performance, with pleasing sales and earnings growth. This was chiefly attributable to the continued strong development of our key growth products Xarelto™, Eylea™, Xofigo™, Stivarga™ and Adempas™. Consumer Health increased sales but earnings declined. Despite a persistently difficult market environment, sales and EBITDA before special items of Crop Science were constant. Animal Health posted sales gains but earnings were at the prior-year level. Overall, sales and earnings of our Life Sciences This term describes Bayer’s activities in health care and agriculture and comprises the Bayer Group excluding its legally independent subsidiary Covestro. It refers to the businesses of the Pharmaceuticals, Consumer Health and Crop Science divisions and the Animal Health business unit. businesses continued to develop positively. Covestro saw strong earnings growth due to lower raw material costs, while sales were level year on year. Core earnings per share of the Bayer Group increased by 7.3%. We thus met our full-year forecasts for these key data, some of which were raised in October 2016.