Quarterly sales edge up for Merck KGaA, but 2017 outlook hit by exchange rate changes
German life sciences major Merck KGaA (MRK: DE) has posted an increase in net sales for the second quarter of 2017, up 2.3% from the same period last year at 3.9 billion euros ($4.6 billion), slightly higher than analysts had expected.
The company reported it had improved sales in its healthcare and life science segments, and across all regions apart from Europe.
Merck said its net income figure improved by 35.1% on the previous year, at 421 million euros, which translates to earnings per share of 1.54 euros following generally accepted accounting principles (GAAP).
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