Report
Oliver Metzger

Merck KGaA : Strong momentum in Healthcare & Semiconductors, Life Sciences stabilises

>Q1 review – Better on bottom line - Q1 2024 revenues of € 5,120m (-3.3% y-o-y) were -2%/0% vs ODDO BHF/consensus. The organic decline was -1.2%, (ODDO BHF +0.2%). EBITDA pre of € 1,454m (-8.4% y-o-y, margin 28.4%) was 3%/7% better than ODDO BH/consensus. EPS pre was € 2.06 some 0%/7% ahead of expectations. For 2024, the company detailed its guidance and looks for sales of € 20.6bn to € 22.1bn (ODDO BHF € 21.6bn, consensus € 21.2bn) with +1% to +5% organic growth with...
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

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