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Update Stronger Q2 volumes drive profits growth at Bayer MaterialScience

LONDON (ICIS)--Bayer’s MaterialScience businesses produced a 12.5% higher underlying operating profit in the second quarter of €126m on significantly higher volume growth across most of its portfolio, the company said on Wednesday.

This Q2 earnings before interest and tax (EBIT) number is before a restructuring charge of €17m in the 2014 quarter and a special gain of €31m in the Q2 2013.

“Earnings were helped by higher volumes, lower raw material prices and our efficiency improvements,” the diversified, Germany-headquartered healthcare, crop protection and materials company said.

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