Inflation not enough to stop Merck KGaA in third quarter
German drugmaker Merck KGaA (MRK: DE) has reported net sales in the 2022 third quarter of 5.8 billion euros ($5.8 billion), in line with many analysts’ expectations, with earnings per share coming in at 2.68 euros.
The performance was driven by strong organic sales growth of 7.1%, and particularly positive earnings developments in the firm’s life science and healthcare divisions.
Merck warned that the impact of inflation was being felt, with persistent increases in the costs of raw materials, energy and logistics weighing on earnings in some parts of the business.
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