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Bayer CEO Bill Anderson Faces Pressure to Improve Financial Performance

Bill Anderson

The new Bayer boss is under pressure to deliver significantly better numbers again in 2024.

(Photo: Reuters)

Düsseldorf The first fiscal year of the new Bayer boss Bill Anderson will be an unusually bad one for the pharmaceutical company: the net debt will rise again significantly to 36 billion euros by the end of 2023. The last time the debt mountain was so high at the end of a financial year was directly after the takeover of Monsanto in 2018. But at the same time the group cannot generate any free funds (free cash flow) this time with which it could noticeably reduce the oppressive debt burden.

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2023-08-20 23:52:25
#Pharmaceutical #chemical #group #Bayer #groaning #high #debts #CEO #deliver

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