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Merck KGaA consumer health turnaround on track

9:18 AM MST | November 21, 2013 | Deepti Ramesh

Merck KGaA says that its consumer health division has made substantial progress in driving the turnaround of the business, raising profitability levels to those of other global OTC industry leaders. Sales in the division increased 7%, to €131 million ($176 million), in the third quarter. Based on its third-quarter earnings, the profit margin or Ebitda pre one-time items as a percentage of sales, was at 18.4%, significantly higher than the 14.2% in September 2011, the company says. The improvement was mainly due to a strong focus on strategic brands such as...

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