Leverkusen, April 28, 2023 – Bayer strengthened its posture as a thriving life science corporation in 2022 regardless of the challenging conditions. “We now have to have to establish on these robust foundations and established the class for future advancement,” CEO Werner Baumann stated at the company’s virtual Yearly Stockholders’ Meeting in Leverkusen on Friday. “The need is massive,” he added, noting how folks will have to have much better and additional sustainable healthcare and food stuff devices as the international population proceeds to grow. Bayer is in a quite great position, said Baumann. “With small business pursuits that lead the way and are developing worldwide, huge power to innovate, and ground breaking products and systems. With remarkably enthusiastic and creative minds who have lots of very good concepts. And with an superb management staff.”
Regardless of the difficult conditions, 2022 was a extremely prosperous yr for Bayer, many thanks to “a combination of far-sighted chance administration and lively countermeasures,” claimed Baumann. “We met or exceeded all our financial targets and continued to deliver, even in demanding instances,” he emphasised, prior to becoming a member of Supervisory Board Chairman Prof. Dr. Norbert Winkeljohann in thanking the total workforce for this remarkable achievement and all their tricky get the job done. The pandemic and rising geopolitical tensions, this sort of as the war in Ukraine, have caused a excellent deal of upheaval, together with for Bayer, Baumann mentioned, pointing to the strength disaster, significant inflation and offer-chain bottlenecks. “However, we have been influenced far much less than numerous other firms.” Bayer’s forex- and portfolio-modified profits amplified by close to 9 p.c to fifty.7 billion euros. EBITDA prior to special goods arrived in at thirteen.5 billion euros – up 21 % yr on 12 months – and main earnings per share rose by 22 p.c to seven.94 euros. The Board of Administration and the Supervisory Board thus proposed that the dividend be improved by 20 percent to 2.40 euros per share.
Baumann expressed his dissatisfaction with the existing share rate. While Bayer’s stock carried out comparatively very well last yr in a destructive stock sector atmosphere, its market place capitalization is still effectively under the precise price of the corporation, he mentioned. On the other hand, the CEO is convinced that “Bayer has great prospective customers for the upcoming.” He is also “very particular that this outstanding firm still has its ideal a long time in advance of it,” noting how new answers to the troubles of our time are emerging at the intersection of biology, chemistry and reducing-edge data science.
“Leading the way in local climate protection”
The development Bayer has achieved in phrases of weather safety has been commonly identified by gurus. For illustration, the renowned CDP corporation very last 12 months rated Bayer as a person of the leading providers in this place for the fifth time in a row. Baumann believes that Bayer is top the way in local weather security and is properly on keep track of to becoming a weather-neutral enterprise by 2030. The essential lies not only in reducing emissions but also in mitigating the consequences of local weather improve, he stated, incorporating that Bayer is investing far more than nearly any other business in creating crops that can cope better with serious climatic problems and have to have fewer resources.
1 of the most modern sustainability-associated advancements cited by Baumann is Bayer’s new water technique that he presented at the United Nations Drinking water Conference in New York last thirty day period. This approach is made to make drinking water an integral component of the company’s business and expenditure decisions. “We are also searching to affect our suppliers and, in this way, carry about market-huge improvements to address the worldwide h2o disaster,” claimed Baumann. He then gave the particular example of Bayer’s determination to increasing water use for each kilogram of rice by twenty five percent by 2030, by reworking rice-cropping units for smallholder shoppers. This would have a major impact considering that rice is a staple food for approximately 50 % of the worldwide population and rice fields are liable for up to forty three percent of the world’s irrigation h2o withdrawals.
Monthly bill Anderson “is the great alternative for this role”
Winkeljohann welcomed Invoice Anderson, Bayer’s CEO-elect who joined the Board of Administration at the beginning of April, to the Once-a-year Stockholders’ Assembly. The Supervisory Board would assistance Anderson in “realizing Bayer’s entire probable and building sustainable value for our stockholders, farmers, individuals, shoppers, employees and all of the company’s stakeholders,” said Winkeljohann. Anderson spoke of huge prospects to “turn likely into products and solutions, investments into impression, and visions into price.” Baumann additional that he is confident that Invoice Anderson, collectively with the management workforce, will identify the suitable steps to tutorial Bayer on its way to a new, thriving chapter. “In my feeling, Monthly bill is the perfect choice for this function. He has an spectacular observe file as a major innovation-oriented supervisor and a company developer, and is also a powerful chief.”
Werner Baumann will retire at the end of Might 2023 immediately after 35 many years of service. Winkeljohann thanked him on behalf of the Supervisory Board, noting how, in his seven many years as CEO, Baumann has reworked the business and steered it toward really interesting progress markets. “By concentrating on wellbeing and nourishment, Bayer is extremely very well positioned, specially in risky times like these.” Offered the abilities of the corporation and its staff members, Winkeljohann additional that “we can all be really self-confident about the potential.” Werner Baumann also addressed his forthcoming departure. “Bayer has constantly been extra than just an employer to me. Bayer is really near to my heart,” he reported, incorporating that, “for me, it has often been a pleasure and also an honor to be element of the Bayer staff and to function with each other on a vision that could rarely be larger or far more inspiring: Well being for all, starvation for none.”
Bayer is now a top business in the rising agricultural sector, mentioned Baumann. Because 2016, it has invested a overall of in excess of 35 billion euros in analysis and development. On leading of that, the Leaps by Bayer affect expense arm has invested more than 1.7 billion U.S. bucks in about 55 companies since 2015, he defined. Bayer has significantly strengthened its Pharmaceuticals small business with acquisitions totaling several billion euros, Baumann stated, which include the creation of a cell and gene treatment system. “We have also taken our commitment to sustainability to a entire new level by creating it a essential pillar of our method,” claimed Baumann.
Digital Annual Stockholders’ Conference has verified effective
Just one of the products on the agenda of the Yearly Stockholders’ Conference is the election of two Supervisory Board users: the reelection of the present Chairman Prof. Dr. Norbert Winkeljohann, and the election of Kimberly Mathisen, who was appointed to the Supervisory Board helpful September 2022. The agenda also contains an amendment to the Posts of Incorporation that, for a time period of two many years, would authorize the Board of Administration to keep virtual Yearly Stockholders’ Conferences. The Board of Management and the Supervisory Board of Bayer are of the watch that keeping the Annual Stockholders’ Meeting as a digital party has verified profitable. The rights of stockholders have been significantly prolonged and are now mostly in line with these at Yearly Stockholders’ Meetings attended in human being. In particular instances, even so, there could be reasons to hold Annual Stockholders’ Conferences in particular person.
More information is offered online at www.bayer.com/stockholders-conference:
– Livestream of the complete Yearly Stockholders’ Meeting (from approx. 10 a.m. CEST)
– Recording of the speeches by Prof. Dr. Norbert Winkeljohann and Werner Baumann (as shortly as achievable following the party)
– Voting benefits (as soon as doable soon after the event)
– Agenda and more info on the function
Further details is accessible at www.bayer.com/information:
– Addresses by Prof. Dr. Norbert Winkeljohann and Werner Baumann
– Latest Bayer photo materials and visuals from the Yearly Stockholders’ Conference (as shortly as they are accessible)
Forward-On the lookout Statements
This launch may consist of forward-on the lookout statements centered on latest assumptions and forecasts made by Bayer administration. Various regarded and mysterious hazards, uncertainties and other components could guide to materials variations concerning the genuine potential success, economic circumstance, development or functionality of the company and the estimates supplied listed here. These components incorporate those discussed in Bayer’s general public reviews which are accessible on the Bayer website at www.bayer.com. The firm assumes no legal responsibility in any respect to update these forward-wanting statements or to conform them to long term gatherings or developments.