Merck KGaA : A A long-lasting growth story
>Forecast raised to the high-end of the company’s adj. EBITDA guidance - The company posted strong Q2 results, in our view. There was robust recovery in demand for pharmaceutical products in Q2 (+23.6% y-o-y sales growth excluding forex). Moreover, demand at the life science division remained strong (+28.2%) in particular due to the process solutions activity. As a result, we have revised up our forecast for the group by 1% for sales, 2% for adj. EBITDA and 3% for adj...Merck is a global science and technology company based in Germany. Co. diversifies its activities into four business divisions: Merck Serono, Consumer Health, Performance Materials and Merck Millipore. The Merck Serono develops, manufactures and markets prescription drugs to treat cancer, multiple sclerosis, infertility, growth disorders, and selected cardiovascular and metabolic diseases. The Consumer Health manufactures and markets over-the-counter drugs addressing health themes such as mobility, women's and children's health, cough and cold. Performance Materials is a specialty chemicals business. The Merck Millipore is the supplier of products and services for the life science industry.
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