Financial PerformanceQ3 clean EBITDA came in at EUR 1.25bn, -10% below consensus at EUR 1.386bn.
Regulatory ChallengesThe delayed approval of the Dicamba label in the US impacts trait income more than previously assumed, affecting sales in the next season.
Sales PerformanceThe generic headwind at Xarelto intensified, leading to forecasted sales losses of €1bn in 2025 and another €800m in 2026.