logo
Share SHARE
FONT-SIZE Plus   Neg

Merck KGaA Q2 Loss Reduces; Boosts Annual Outlook - Quick Facts

German drugs and chemicals firm Merck KGaA (MKGAY.PK) reported a narrower second-quarter 2012 loss after tax of 60.5 million euros, compared with 86.8 million euros last year. On a reported basis, quarterly loss per share was 0.29 euros, narrower than a 0.41 euros loss a year before, the company added. Adjusted for one-time costs, earnings per share pre totaled 1.92 euros, up 20% from the prior year's 1.60 euros.

Merck's second-quarter total revenues rose 12% to 2.85 billion euros, from 2.555 billion euros in the 2011 second quarter. Quarterly sales went up 11% to 2.74 billion euros, from 2.47 billion euros in the year-ago quarter, reflecting an organic sales growth of 5.1%, a 5.4% positive benefit from foreign exchange rates and a 0.5% rise from acquisitions and divestments.

Based on the second-quarter results, Merck has upgraded its full-year total revenues and EBITDA pre guidance for 2012. The company now sees annual EBITDA pre one-time items of 2.85 billion euros - 2.95 billion euros, and total revenues of around 10.7 billion euros. Previously, Merck Group estimated EBITDA pre one-time items of 2.8 billion euros - 2.9 billion euros, and total revenues of about 10.5 billion euros for 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
Follow RTT