Merck KGaA raises forecasts despite drop in net income

4 August 2016

German science and technology company Merck KGaA (MRK: DE) reported an 18.2% increase in net sales to 3.8 billion euros ($4.2 billion) in its second quarter 2016 results.

Earnings before interest, taxes, amortization and depreciation (EBITDA) pre-exceptionals, also rose sharply, by 29% to 1.2 billion euros, driven by the good operating performance of healthcare and life sciences as well as the Sigma-Aldrich acquisition. This was slightly higher than analyst estimates of 1.1 billion euros.

Earnings per share (EPS) pre-exceptionals also rose in the second quarter by 19.2% to 1.55 euros.

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