Report
Martial Descoutures

Merck KGaA : Q3 results (due 11 Nov) to show that high end of FY guidance is more likely

>Bavencio and Mavenclad to drive top line growth in healthcare - For the healthcare division, we estimate another very solid quarter, with 6.8% y-o-y sales growth (+7.5% excl. forex). The key drivers should be Bavencio and Mavenclad based on our model, for which we estimate € 100m and € 210m in Q3 sales, respectively. This would be, combined, +€ 120m y-o-y vs an estimated +€ 117m y-o-y for the healthcare division. Glucophage is set have held up well in our view, even ...
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
Martial Descoutures

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