Werner Baumann and Marijn Dekkers

management board: The 2016 guidance should come as a "significant disappointment" to investors, according to analysts at Bryan Garnier, according to Market Watch. It "leaves Bayer far from a profile of a fast-growing company in the short-term," the analysts noted. Analysts widely said the outlook was below expectations. The company, which on Wednesday announced the appointment of management board member Werner Baumann to succeed Marijn Dekkers as chief executive from May, said it expects sales of more than EUR47 billion for the current fiscal year, compared with EUR46.32 billion in 2015. Those forecasts for 2016 include the group recently separated specialty plastics business, Covestro AG. "We believe that it a realistic guidance," Mr. Bayer said it plans to increase earnings before interest, taxes, depreciation and amortization before special items by a single-digit percentage, from EUR10.27 billion last year. (news.financializer.com). As reported in the news.