Bayer sees FY24 core EPS EUR 5.10- EUR 5.50

Bayer has confirmed its currency-adjusted forecast for full-year 2024. However, the negative impact from anticipated currency effects has increased based on the closing rates as of March 31, 2024. Applying the rates on that closing date instead of December 31, 2023, leads to a reduction in the forecast for EBITDA before special items from between EUR 10.4B and EUR 11B euros to between EUR 10.2B and EUR10.8B, for example. Sees core EPS at closing rates on March 31 EUR 4.80-EUR 5.20. Anticipates EBITDA before special items of EUR 10.7B-EUR 11.3B on a currency-adjusted basis. Sees free cash flow of EUR 2B-EUR 3B.