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MIL OSI Translation. Region: Germany / Deutschland –

Source: Bayer Adjusted outlook for 2020 confirmed / sales in 2021 expected to be around the level of 2020 – despite considerable headwinds from the COVID-19 pandemic; Adjusted earnings per share for 2021 expected to be slightly below the level of the previous year at local currency / clouded outlook in the agricultural market should lead to a non-cash write-down on assets for the Crop Science business in the mid to upper single-digit billion euro range / strengthen the margin profile and Funds for additional investments in innovation and growth through planned additional operating savings of more than 1.5 billion euros per year from 2024 / dividend policy should remain unchanged – payout ratio in the coming years at the lower end of the corridor of 30 to 40 percent of adjusted earnings per share planned


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