Report
Oliver Metzger

Merck KGaA : Q3 2022 earnings due 10 November – solid quarter in prospect

>Solid quarter at the group level - We estimate Q3 2022 revenues of € 5.697bn (+14.6% y-o-y, in line with the consensus), driven by organic growth of 6.2% and a forex tailwind of 820bp. Our adj. EBITDA forecast stands at € 1.792bn (+18.9% y-o-y, margin 31.4%, 0.4% ahead of consensus). Overall, we forecast a core EPS of € 2.66 for Q3 2022, or an 8.1% y-o-y increase, 1% ahead of the consensus. Life sciences set to make strongest growth contribution - L...
Underlying
Merck KGaA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Oliver Metzger

ResearchPool Subscriptions

Get the most out of your insights

Get in touch