Management Report

9.3 MaterialScience

Research and development

Research and development expenses at MaterialScience rose by 2.7% (Fx adj.) in the first half of 2015 to €127 million (h1 2014: €111 million), including €68 million (Fx adj. +19.6%) in the second quarter of 2015 (q2 2014: €51 million). This investment went mainly to explore new areas of application and improve process technologies and products. MaterialScience also invested an additional €82 million in the first half of 2015 (H1 2014: €37 million) in joint development projects with customers, including €21 million in the second quarter (q22014: €19 million).

Emerging Markets

In the Emerging Markets, MaterialScience posted sales of €2,656 million in the first half of 2015 (Fx adj. +2.6%; h1 2014: €2,309 million), including €1,368 million in the second quarter (Fx adj. +4.6%; q2 2014: €1,163 million). Strong currency-adjusted growth was recorded in Africa and the Middle East. Business in Eastern Europe, Latin America and Asia expanded as well. The Emerging Markets’ share of total MaterialScience sales was 42.8% in the first half of 2015 (h1 201440.7%) and 43.0% in the second quarter of 2015 (q2 201440.6%).

Last updated: July 29, 2015  Copyright © Bayer AG
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