By Cecilia Butini
Merck KGaA said Wednesday that earnings and revenue rose in the first quarter, driven by all its business division but especially life science.
After-tax profit at the German pharmaceuticals-and-chemicals company came in at 748 million euros ($908.9 million) for the quarter, up from EUR458 million in the same quarter a year prior.
Earnings before interest, taxes, depreciation and amortization before one-time items, or Ebitda pre, stood at EUR1.51 billion, compared with EUR1.18 billion in the first quarter of 2020, as the company had communicated in a preliminary statement on May 4.
Net sales came in at EUR4.63 billion, up from EUR4.37 billion, which had also already been communicated in a preliminary statement.
For the full year, sales are expected to come in between EUR18.5 billion and EUR19.5 billion, a guidance increase that had been previously communicated in a preliminary statement. Ebitda pre is seen coming in between EUR5.4 billion and EUR5.8 billion, the company said. That compares with a previous guidance of strong organic growth.
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