Tuesday, November 15, 2016

Germany’s Merck Q3 profit, sales soar on Sigma-Aldrich acquisition

ICIS Reports : Merck posted a 19.3% year-on-year increase in third-quarter sales at €3.7bn and a post-tax profit of €460m, up 25.9%, benefitting from its $17bn acquisition of US’ Sigma-Aldrich in 2015, the German chemical major said on Tuesday.

Merck’s Performance Materials division, however, posted a 1.3% fall in third-quarter sales year on year to €645m, while earnings before interest, taxes, depreciation and amortisation (EBITDA) pre exceptional items fell 5.4% during the period, year on year, to €282m.

“However, the acquisition-related sales increase of 3.5% attributable to the SAFC Hitech business of Sigma-Aldrich, which has been integrated into the Performance Materials business sector, had a positive impact.”

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