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Regions :: Western Europe
Merck KGaA reports strong results on back of efficiency measures
8:22 AM MST | March 6, 2014 | Natasha Alperowicz
Merck KGaA today announced full-year and fourth-quarter results and said it has achieved its objectives for 2013 despite a challenging market environment. The company reports organic sales growth of 4.2%, to €10.7 billion ($14.7 billion), in 2013. Ebitda before one-time items increased by 9.7%, to a record of €3.25 billion, on the back of efficiency measures. The Ebitda margin rose by nearly 3 percentage points, from 27.6% to 30.4%. “We delivered on our promises in 2013,” says Karl-Ludwig Kley, chairman of the Merck board. “We...
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