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Merck Reports Increased Profit, Sales For Q3; Updates Sales Outlook

Merck KGaA (MKGAY.PK) Thursday said its earnings before interest and taxes or EBIT in the third quarter increased 17.8% to 1.234 billion euros from 1.047 billion euros in the same quarter a year ago, driven by sales growth.

Earnings before interest, taxes, depreciation, and amortisation, or EBITDA was 1.704 billion euros compared with 1.495 billion euros last year.

EBITDA pre, which excludes items, increased to 1.810 billion euros from 1.552 billion euros in the previous year.

Net profit for the quarter also increased to 926 million euros or 2.12 euros per share from 764 million euros or 1.75 euros per share last year.

Earnings per share, pre was 2.68 euros compared with 2.24 euros a year ago.

Sales for the quarter rose 16.8% to 5.806 billion euros from 4.973 billion euros in the previous year, helped by growth in all three sectors.

Looking forward, the company has narrowed its fiscal 2022 outlook.

Sales for the year are expected to be in the range of 22 billion euros-22.9 billion euros compared with 21.9 billion euros-23 billion euros provided earlier.

The company now sees EBITDA pre in the range of 6.8 billion euros-7.20 billion euros. The earlier guidance was for 6.75 billion euros-7.25 billion euros.

EPS pre is expected between 9.90 euros and 10.70 euros compared with earlier outlook of 9.85 euros-10.75 euros.

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