Merck KGaA is a science and technology company specializing in the fields of healthcare, life science and performance materials. The company's portfolio comprises a wide array of products ranging from innovative pharmaceuticals and biopharmaceuticals to life science tools, specialty chemicals and high-tech materials.
The company is focused on oncology, multiple sclerosis, infertility, growth disorders, selected cardiovascular and metabolic diseases, women’s and children’s health, cough and cold as well as everyday health protection.
The company reports its results in three business sectors – Healthcare, Life Science and Performance Materials.
At its 2016 Capital Market Day, the company provided an update on its objectives up to 2018. Beginning 2017, the company aims to gain approval of one medicine or new indication every year. Merck KGaA expects to generate sales of €4 billion from products that are currently in its pipeline by 2022.
The company’s lead candidate, avelumab, is being evaluated in phase III studies for several cancer indications, in collaboration with Pfizer. Avelumab is currently under review in the EU for the treatment of metastatic Merkel cell carcinoma (MCC).
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s third-quarter 2016 earnings per American Depositary Receipt (ADR) came in at $1.20, compared to the year-ago figure of 90 cents.
Revenue: The company posted revenues of $4.1 billion in the reported quarter.
Key Stats: Organic sales growth increased 0.9%, driven by Life Science segment. The acquisition of Sigma-Aldrich boosted sales in the reported quarter.
Guidance: For 2016, the company continues to expect net sales in the range of €14.9–€15.1 billion. Backed by Sigma-Aldrich acquisition, the company continues to expect a positive portfolio effect on sales in the low double-digit percentage range. Unfavorable foreign exchange is projected to impact sales by 3–5% due to currency devaluation in Latin America.
Check back later for our full write up on earnings report later!
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