Latest news with #AmericanDepositaryReceipt
Yahoo
13-05-2025
- Business
- Yahoo
Bayer Q1 Earnings Beat Estimates, Crop Science Unit Hurts Sales
Bayer AG BAYRY reported first-quarter 2025 core earnings of 66 cents per American Depositary Receipt (ADR), beating the Zacks Consensus Estimates of 63 cents. The company reported earnings of 77 cents per ADR in the year-ago quarter. Core earnings of €2.49 per share deteriorated 11.7% year over year on a reported basis,mainly due to the decline in earnings in the Crop Science division. Total sales in the reported quarter were $14.46 billion (€13.74 billion), down 0.2% on a reported basis. The reported figure marginally missed the Zacks Consensus Estimate of $14.57 billion. On a currency and portfolio-adjusted basis, sales decreased 0.1% year over year. All growth rates mentioned below are on a year-over-year basis after adjusting for currency and portfolio changes. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Bayer reports under three segments, namely Crop Science, Pharmaceuticals and Consumer Health. In the reported quarter, Crop Science sales decreased 3.3% to €7.58 billion. This business mainly suffered due to lower glyphosate-based product and insecticide sales. Within this segment, the Herbicides business was up 0.7% as non-glyphosate-based product sales increased, primarily driven by higher volumes in all regions. However, sales of BAYRY's glyphosate-based products dropped significantly as volumes were shifted to later quarters in Latin America and North America. Fungicide sales were up 0.5% as volume recovery slightly outweighed a decline in prices. Corn Seed & Traits sales decreased 1.7% as growth in the Asia/Pacific and Europe/Middle East/Africa regions only partly offset lower volumes in North America and lower prices in Latin America. The Insecticides business decreased 12.3% due to lower Movento sales in the Europe/Middle East/Africa region following the expiration of its registration in the EU. Sales at Cotton Seed were down 19.9% due to regulatory impacts in the United States. The Vegetable Seeds business was up 5.8% due to higher volumes and prices in Latin America. Shares of Bayer have rallied 38.1% year to date against the industry's decline of 5.9%. Image Source: Zacks Investment Research BAYRY's revenues in the Pharmaceuticals segment increased 4.1% to €4.55 billion. Nubeqa (for cancer) sales surged 77.5% to €515 million, recording gains in all regions and witnessing significant improvements in volumes, especially in the United States and the EU. Kerendia sales surged 86.6%, mainly due to a substantial rise in volumes in the United States and China. However, sales of oral anticoagulant Xarelto, co-developed with J&J JNJ, decreased 31.2% to €633 million due to competitive pressure from generics, especially in the EU and Japan. In the U.S. market, Xarelto is marketed by J&J. Bayer earns license revenues from JNJ for Xarelto sales in the United States. Sales of the ophthalmology drug, Eylea, increased 4.7% to €815 million, driven by higher volumes. The launch of Eylea 8 mg, offering longer treatment intervals, provided a boost to sales, especially in Japan and the EU. Please note that Bayer's HealthCare unit co-develops Eylea with Regeneron REGN, which records net product sales of Eylea in the United States. BAYRY records net product sales of Eylea outside the country. REGN records its share of profits/losses in connection with the sales of Eylea outside the United States. Sales of the Mirena product family (long-term contraceptive) gained 18.4%, largely driven by growth in the United States. Consumer Health sales gained 2.5% to €1.5 billion, largely driven by higher volumes in North America and Asia/Pacific. Nutritionals sales declined 5.2% while the Allergy & Cold business gained 2.1%. Dermatology sales (+2%) gained from continued strong demand for Bepanthen and Canesten. Pain & Cardio (+6.5%) and Digestive Health (+12.7%) categories boosted growth for the Consumer Health business. Bayer Aktiengesellschaft price-consensus-eps-surprise-chart | Bayer Aktiengesellschaft Quote Bayer now expects to generate sales in the range of €44.5-€46.5 billion in 2025, down slightly from the previously guided range of€45-€47 billion. The company has also lowered its EBITDA before special items guidance to €9.2-€9.7 per share in 2025, from the previously expected range of €9.3-€9.8. BAYRY currently carries a Zacks Rank #2 (Buy). Another top-ranked stock in the biotech sector is AstraZeneca AZN,also carrying a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In the past 60 days, estimates for AstraZeneca's earnings per share have increased from $4.48 to $4.50 for 2025. During the same time, earnings per share estimates for 2026 have increased from $4.95 to $4.98. Year to date, shares of AZN have gained 5.2%. AZN's earnings beat estimates in three of the trailing four quarters while missing the same on the remaining occasion, delivering an average surprise of 4.24%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Regeneron Pharmaceuticals, Inc. (REGN) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report Bayer Aktiengesellschaft (BAYRY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Freelancer Limited
NEW YORK, May 13, 2025--(BUSINESS WIRE)--Deutsche Bank announced today its appointment as depositary bank for the American Depositary Receipt program of Freelancer Limited. Freelancer Limited (OTC: FRLCY) is a marketplace provider for freelancing and crowdsourcing. Freelancer owns a provider of secure online payments. Freelancer also owns Loadshift, an Australian heavy haulage network with over 800 million kilometers of freight posted since inception. Freelancer is listed on the Australian Securities Exchange under the ticker ASX:FLN and headquartered in Sydney, Australia.* In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings. * This information was provided by Freelancer Limited (May 2025). Depositary Receipt Information Depositary Receipt Contacts Country Australia New BusinessDevelopment MarketsDistribution Custodian Bank BNP Paribas S.A. ARBN 000 000 117 Nicole Pfundstein London Effective Date May 12, 2025 Tel: +61 2 8258 1019 Tel: +44 (0) 20 7547 6500 New York Level I ADR Tel: +1 212 250 9100 CUSIP 357047 109 ISIN US3570471090 Symbol FRLCY adr@ Exchange OTC Current Ratio 1 ADS: 100 ordinary shares Eligibility DTC Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved. View source version on Contacts For further information, please contact:Deutsche Bank AGPress & Media RelationsDylan RiddleTel. +12122504982Cell. +1(904)3866481Email Sign in to access your portfolio
Business Wire
13-05-2025
- Business
- Business Wire
Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Freelancer Limited
NEW YORK--(BUSINESS WIRE)--Deutsche Bank announced today its appointment as depositary bank for the American Depositary Receipt program of Freelancer Limited. Freelancer Limited (OTC: FRLCY) is a marketplace provider for freelancing and crowdsourcing. Freelancer owns a provider of secure online payments. Freelancer also owns Loadshift, an Australian heavy haulage network with over 800 million kilometers of freight posted since inception. Freelancer is listed on the Australian Securities Exchange under the ticker ASX:FLN and headquartered in Sydney, Australia.* In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings. * This information was provided by Freelancer Limited (May 2025). Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
UPDATE - International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on May 15, 2025
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ('dbVIC') on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States. Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies. There is no fee for participants to log in, attend live presentations and/or ask questions. Pre-registration is suggested. Please register here: Conference Agenda May 15th, 2025 (US Eastern Standard Time): The presentations will be available for replay after the conference. In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings. For further information, please contact: Dylan Riddle Deutsche Bank AG Press & Media Relations Tel. +12122504982 Cell. +1(904)3866481 Email Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference. The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the 'Act') on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on May 15, 2025
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ('dbVIC') on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States. Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies. There is no fee for participants to log in, attend live presentations and/or ask questions. Pre-registration is suggested. Please register here: Conference Agenda May 15th, 2025 (US Eastern Standard Time): The presentations will be available for replay after the conference. In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings. For further information, please contact: Dylan Riddle Deutsche Bank AG Press & Media Relations Tel. +12122504982 Cell. +1(904)3866481 Email Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference. The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the 'Act') on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.
