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: Starbucks: Computer outage disrupts sales in US, Canada

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

How smart are the mobile shoppers who use smartphones?

Apr 24, 2015

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

Apr 24, 2015

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

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.