Merck KGaA ReportsThird-Quarter Ebit Down 28% on Flat Sales; Says Recovery is in Sight

Merck KGaA (Darmstadt, Germany) reported a 28% drop in earnings before interest and tax (Ebit) in the third quarter of 2009 at €222.2 million ($333 million) on 2.7% higher sales at €1.9 billion. Profit after tax was 27% down to €148.1 million. The company is seeing an improvement, however, particularly in liquid crystals (LC) in which it is the global market leader. "The third quarter figures are showing improvement compared to the first half of 2009," says Karl-Ludwig Kley, chairman of the executive board of Merck KGaA. The...

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