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: Mexico City proposes regulations for Uber

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

Amazon pushes Prime service with day of deals

19 hours ago

Amazon is trying to lure more subscribers to its $99 Prime loyalty program by pushing a day of discounts it calls "Prime Day" during the sleepier summer shopping season.

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.