Merck KGaA reports higher earnings, increases savings target

Merck KGaA (Darmstadt, Germany) has reported a more than doubling in fourth-quarter net income, to €271.8 million ($353.7 million), due to favorable one-time effects on income tax as well as a better operating performance. Sales were 7% higher, at €2.7 billion, and total revenues rose 8%, to €2.8 billion. Ebitda before one-time items was up 16%, at €789.8 million, with profit margin rising from 27% in fourth-quarter 2011 to 29.1% in the last quarter of 2012. Merck’s full-year total revenues were up by 8.7%, to €11.2 billion, with...

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