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Merck KGaA reports flat first-quarter earnings, cautiously optimistic for 2014

7:44 AM MDT | May 15, 2014 | Natasha Alperowicz

Merck KGaA today reported a slight increase, to €807 million ($1.1 billion), in first-quarter Ebitda before one-time items compared with €801 million in the first quarter of 2013 despite negative exchange rate effects and significantly lower royalty, license, and commission income, which dropped 49%, to €51 million. Revenues slipped 3.5% to €2.6 billion. Ebitda margin pre one-time items rose to 30.9% from 30.1% in the year-earlier period.   Chairman Karl-Ludwig Kley says that Merck got off to a solid start in 2014, especially in view of a...

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