5 August 2019 - Deborah Wilkes
Bayer has "no second thoughts" about the future of its Consumer Health division within the company, according to chief executive officer Werner Baumann.
Baumann was responding to a financial analyst who wanted to know if the German company was open to exploring its options for Consumer Health.
Noting that he had recently spent two days with Heiko Schipper and his team at Bayer Consumer Health, Baumann said he was "deeply impressed" with the progress of the turnaround plan announced at the end of 2018 and how strongly the team had grown together. "There is no question that Heiko and his team are up to the challenge," he added.
Worldwide sales up by 2.1%
Baumann's comments came as Bayer released its financial results for the second quarter of 2019. The Consumer Health division recorded worldwide sales up by 2.1% on a currency- and portfolio-adjusted basis to EUR1.44 billion (USD1.61 billion) (click here to read the News story).
The rise followed a fall of 1.4% in the first quarter of 2019 and a decline of 0.7% in the whole of 2018.