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Bayer posted a EUR 145m net loss in the fourth quarter of 2010

March 01/2011

(ICIS) -- Bayer posted a ?145m ($199m) net loss in the fourth quarter of 2010 due to higher special charges, reversing a ?153m profit made in the same period a year earlier, the German specialty chemicals maker said on Monday. Sales for the three months to December rose 14.5% year on year to ?9.01bn, while earnings before interest, tax, depreciation and amortisation (EBITDA) soared 34.9% to ?1.51bn, Bayer said.

Bayer chairman Marijn Dekkers attributed the growths in sales and EBITDA to the strong growth in earnings at the companys material science business, and to positive currency effects.

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