Merck KGaA books record profits in 2013

Mar 06, 2014

German chemicals and pharmaceuticals giant Merck KGaA said Thursday that its profits more than doubled on steady sales in 2013.

"Merck today announced strong full-year results and the achievement of its objectives for 2013 despite a challenging ," the company said in a statement.

"We delivered on our promises in 2013," boasted chief executive Karl-Ludwig Kley.

"Merck was never as profitable as it is today. Therefore, we expect to achieve slight organic growth in sales and constantly high earnings in 2014," Kley said.

In 2013, jumped to 1.202 billion euros ($1.7 billion) while sales slipped fractionally by 0.7 percent to 11.095 billion euros.

Explore further: German drug maker Merck ups forecast for 2013

add to favorites email to friend print save as pdf

Related Stories

German drug maker Merck ups forecast for 2013

Nov 14, 2013

German chemicals and pharmaceuticals giant Merck KGaA said Thursday it is raising its full-year operating profit forecast thanks to improving sales and positive cost-cutting effects.

Bayer says new products push profits higher in Q3

Oct 31, 2013

German chemicals and pharmaceuticals group Bayer, maker of Aspirin, said on Thursday that new pharmaceutical products and favourable agrochemical prices gave profits a fillip in the third quarter.

Bayer ups dividend for 2013

Feb 26, 2014

German chemicals and pharmaceuticals giant Bayer said Wednesday it will increase its dividend payout to shareholders for 2013.

Belgium's Ablynx in Merck cancer research tie-up: firm

Feb 03, 2014

Belgian biotechnology company Ablynx said on Monday it has signed a cancer research cooperation accord with US pharmaceuticals giant Merck & Co. which could be worth up to 1.7 billion euros ($2.3 billion).

Recommended for you

Facebook sues law firms, claims fraud

2 hours ago

Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

IBM 3Q disappoints as it sheds 'empty calories'

2 hours ago

IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile ...

MasterCard, Zwipe announce fingerprint-sensor card

Oct 18, 2014

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

User comments : 0