Annual Report 2010
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“We aspire to be a company where an enjoyment of work and innovative strength meet.”

Letter from Karl-Ludwig Kley
Highlights
Total revenues
Operating result
Total revenues increase by 19.9 % to EUR 9.3 billion Operating result jumped by 72% to EUR 1.1 billion Underlying free cash flow exceeded the billion-euro threshold Successful issue of an euro bond reflects confidence Europe remains our top sales region, focus on Asian markets Merck Serono: Sales grew more strongly than the industry average Highs and lows with the new multiple sclerosis treatment Consumer Health Care Division stabilized its growth course Acquisitions: Millipore strengthens the Chemicals business Merck is a pioneer in LED and OLED development
The key events of 2010 The key events of 2010 The key events of 2010
by business sectorEUR million
by business sectorEUR million

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  • Merck 2010 at a glance
  • Corporate governance
  • Merck in the capital market
  • Management Report
  • Merck Serono
  • Consumer Health Care
  • Merck Millipore
  • Performance Materials
  • Financial Statements
  • Notes
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