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People & Business :: Earnings/Finance
Merck KGaA reports higher second-quarter results, confirms guidance
2:54 AM MDT | August 6, 2013 | Natasha Alperowicz
Merck KGaA (Darmstadt, Germany) today reported higher second-quarter sales and Ebitda but said that the 63% drop in net income to €316 million ($419.2 million) reflects a significant one-time item through the Fit for 2018 restructuring program in the year earlier result. Second-quarter Ebitda pre excepitonals was 11% up at €826.4 million on flat sales of €2.84 billion. Ebitda margin improved from 27.2% in the second quarter of 2012 to 30.1% in the equivalent period of this year. “Merck’s solid business performance continued into...
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