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Bayer Lowers Sales Guidance As It Spies ‘Early Signs’ Of Weaker Cough & Cold Season

 
• By Tom Gallen

A slowdown in China and the US, along with signs of a weaker cough & cold season in the latter, has led Bayer Consumer Health to lower its full-year sales guidance.

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Consumer health market growth will be “moderately lower” for the remainder of the year due to softening economic conditions in key geographies, according to Bayer group CFO Wolfgang Nickl.

Speaking as the German firm announced its Q3 results, Nickl said Bayer had observed a “deceleration” of market growth in China, with weaker household consumption impacting sales in prevention-focused categories...

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