Merck KGaA : Q1 review – Healthcare offsets other divisions
>Q1 review – Slight beat on bottom line - Q1 2023 revenues of € 5,293m (+1.8% y-o-y) were in line with ODDO BHF/consensus. Organic growth was 0.8%, which compares to our 2.7%. The forex tailwind contributed 80bp. EBITDA pre of € 1,587m (-2.6% y-o-y, margin 30.0%) was 1% better than ODDO BHF and 3% ahead of consensus’ estimates. EPS Core of € 2.36 was 3%/4% vs expectations.Healthcare again with positive momentum - Healthcare achieved revenues of € 1,90...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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