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Merck KGaA raises first-quarter sales and profits, will meet targets one year early

1:15 AM MDT | May 14, 2013 | Natasha Alperowicz

Merck KGaA’s first-quarter net income rose 54%, to €266 million ($345.9 million), on 4% higher revenues, of €2.76 billion, the company announced today. “Merck got off to a solid and profitable start in 2013 with all four divisions contributing to our organic sales growth. In addition, we are making excellent progress on our Fit for 2018 program," said Karl-Ludwig Kley, chairman. Ebitda pre-one-time items was 19% higher, at €801.1 million, and margin rose from 26.3% in the first quarter of 2012, to 30.1%.   The...

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