Bayer investors concerned soccer transfers inflated earnings, shares drop

German agrochemical and pharmaceutical giant Bayer increased its net loss sixfold year-on-year in the second quarter, to 199 million euros, , according to a results release published on Aug. 6, 2025. (AFP)
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Updated 06 August 2025
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Bayer investors concerned soccer transfers inflated earnings, shares drop

  • It said those results included higher revenue from its German Bundesliga team Bayer Leverkusen resulting from player transfers.
  • British media reported in June that Premier League champions Liverpool had agreed a fee of 136.3 million euros to sign Bayer Leverkusen attacking midfielder Florian Wirtz

FRANKFURT: Investor concerns that Bayer’s earnings were inflated by soccer player transfer fees rather than supported by its core health care and agriculture businesses helped send its shares plummeting nearly 5 percent to a one-month low on Wednesday.

The German maker of pharmaceuticals and crop protection products reported in unscheduled preliminary results last week that second-quarter operating income, adjusted for some items, came in at a better-than-expected 2.1 billion euros ($2.43 billion).

In a more detailed disclosure on Wednesday, however, it said those results included higher revenue from its German Bundesliga team Bayer Leverkusen resulting from player transfers.

Bayer shares were down 4.7 percent at 0958 GMT.

Fresh details in Wednesday’s disclosure indicating that Bayer’s performance was also more the result of established blood thinner Xarelto than newer drugs with longer patent protection contributed to the stock selloff as well.

“The detail of the beat being somewhat related to Xarelto and the sale of a footballer could be disappointing to some,” JPMorgan analysts said in a note.

British media reported in June that Premier League champions Liverpool had agreed a fee of 136.3 million euros to sign Bayer Leverkusen attacking midfielder Florian Wirtz.

Bayer’s finance chief Wolfgang Nickl, however, would not provide details on the transfer earnings on Wednesday.

“If we have these transfers, we need to compare the book value with the prices that we get, and that can lead to an extraordinary result on several players, and that was just recorded last quarter,” he said during a call with journalists.

JOB CUTS, ROUNDUP PROVISIONS
Bayer also said it has now cut around 12,000 full-time positions since the start of a restructuring program aimed at speeding up decision-making and reducing managerial and administrative positions.

A previous tally for jobs slashed in 2024 was at 7,000.

The total number of global employees at the end of June stood at close to 90,000 when counted in full-time equivalents, according to its quarterly report.

Bayer, which is burdened by US lawsuits claiming its Roundup weedkiller causes cancer, has said it is holding off on breaking up the diversified group even as some investors call for a sale of the consumer health unit or separate stock market listing for its crop science division.

It reiterated that it would have to stop US production of key Roundup ingredient glyphosate unless lawmakers, courts or regulators help it further stave off the costly litigation.

Bayer said last week it had added 1.2 billion euros to its provisions for the Roundup litigation.

Total Roundup litigation provisions totalled $7.4 billion, or 6.3 billion euros, it said on Wednesday.


Russell, Antonelli lead Mercedes in one-two qualifying positions for F1’s Australian GP

Updated 07 March 2026
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Russell, Antonelli lead Mercedes in one-two qualifying positions for F1’s Australian GP

  • Russell topped all three sessions in F1’s knockout qualifying format, finally casting aside questions of where Mercedes team was in the new-era pecking order

MELBOURNE: Mercedes has revealed its dominant hand during qualifying for Sunday’s Formula 1 Australian Grand Prix.
George Russell earned his ninth-career pole position Saturday ahead of his teammate Kimi Antonelli for the team’s 83rd front-row lockout and its first since the 2024 British Grand Prix.
Russell topped all three sessions in F1’s knockout qualifying format, finally casting aside questions of where Mercedes team was in the new-era pecking order. His pole time, at 1 minute, 18.518 seconds, was almost eight-tenths faster than the nearest non-Mercedes challenger, Red Bull rookie Isack Hadjar, who completed the top three.
“It was a great day, we knew there was a lot of potential in the car, but until we get to this first Saturday of the season, you never know,” Russell said. “But it really came alive this afternoon, especially when the track temperatures cooled, we know we tend to favor those conditions.”
Antonelli was relieved to have made it onto the front row alongside his teammate after a crash in final practice at the exit of turn two meant it was a race in the Mercedes garage to get him out for qualifying.
“It’s been a very stressful day. Unfortunately, I went into the wall (in FP3),” he said. “But the guys (in the garage) were the heroes today to put the car back on track.”
Hadjar was impressive by qualifying third on debut for Red Bull, his highest-ever grid position.
“The only thing I can do is take them at the start, but they’re just too fast at the moment,” Hadjar said of Mercedes. “I want to keep my position and a second podium would be cool.”
Ferrari showed it’s neck-and-neck with McLaren on pace, with just one and a half tenths seconds covering the four drivers just beyond the top-three — with Charles Leclerc qualifying fourth, McLaren’s Oscar Piastri and Lando Norris in fifth and sixth respectively, and Lewis Hamilton in seventh.
Racing Bulls showed they’ve taken a step forward over the winter, with New Zealander Liam Lawson eighth ahead of his highly-rated rookie teammate Arvid Lindblad.
The big surprise of the session came from four-time F1 world champion Max Verstappen, who triggered red flags at Melbourne’s Albert Park after he lost control of his Red Bull car in braking for turn one in the first half of Q1 and ended in the barriers.
The Dutchman, who was unhurt from the crash, though upset that his brakes locked up, will now start from the back of the grid.
F1 heads into a new era this year, with unprecedented changes across the chassis (car) and power unit, which now feature an almost 50:50 output split between the turbo 1.6-liter V6 engine and electrical energy harvested from the brakes, one that requires a new, often counterintuitive driving style from the drivers.