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Merck KGaA reports higher profits, raises full-year guidance

11:07 AM MST | November 14, 2013 | Natasha Alperowicz

Merck KGaA today reported a much improved third-quarter net income and organic sales in a challenging market environment and raised its Ebitda guidance for the full-year. Net income, at €340 million ($458.1 million), was nearly double the €185 million achieved in the year earlier quarter. Merck KGaA, a pharmaceuticals, chemicals, and life sciences company, posted solid organic revenue growth of 4.7%. Ebitda before one-time items rose 10%, to €830.7 million, in spite of headwinds from foreign exchange effects. Ebitda margin advanced from 27.7% in...

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