Bayer gave a bullish update at an often-spiky annual general shareholder meeting on Friday.Group chief executive officer Werner Baumann,who was the target of many critical questions from shareholders,claimed that the company was on”strong foundations”and set for growth,while lauding”an excellent leadership team”.The group business”met or exceeded all our financial targets”,despite a year of tensions and upheaval,Mr Baumann said.He cited the German Chancellor’s recent”Zeitenwende”or changing times speech,and other key upheavals for the economy and Bayer’s business:the Covid-19 pandemic,the war in Ukraine,as well as an energy crisis,high inflation and supply-chain bottlenecks.However,Mr Baumann insisted that Bayer had been affected far less than many other companies,partly due to its focus on life sciences.
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