Merck KGaA books record profits in 2013

March 6, 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: Bayer ups dividend for 2013

Related Stories

Bayer ups dividend for 2013

February 26, 2014

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

Deutsche Telekom eyes further growth in 2014, 2015

March 6, 2014

German telecommunications giant Deutsche Telekom said Thursday it met its 2013 targets and is counting on business in the United States to boost overall sales this year and next year.

Recommended for you

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


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.