Bayer Sees Euro Crisis Weighing on Margins, Tagesspiegel Reports
Bayer AG (BAYN) expects the euro crisis to weigh on margins in its health unit as well as its plastics business as consumers cut spending on drugs, Der Tagesspiegel reported, citing an interview with Chief Executive Officer Marijn Dekkers.
Drug bills continue to go unpaid in Greece, Italy and Spain, the newspaper cited Dekkers as saying in an e-mailed preview of an interview to be published tomorrow. Outstanding debts have reached a “significant three-digit million figure,” Tagesspiegel quoted Dekkers as saying.
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