Income Statement of the Merck Group Audited

Sales

[1]

8,928.9

7,377.7

Royalty, license and commission income

[2]

361.7

369.3

Total revenues

9,290.6

7,747.0

Cost of sales

[3]

–2,385.4

–2,029.3

Gross margin

6,905.2

5,717.7

Marketing and selling expenses*

[4]

–2,234.5

–1,859.3

Royalty, license and commission expenses*

[5]

–477.0

–413.0

Administration expenses

[6]

–478.2

–424.9

Other operating expenses and income

[7]

–390.4

–372.7

Research and development

[8]

–1,397.1

–1,344.6

Amortization of intangible assets

[9]

–818.6

–657.8

Investment result

[10]

4.1

3.5

Operating result

1,113.5

648.9

Exceptional items

[11]

–0.8

–28.0

Earnings before interest and tax (EBIT)

1,112.7

620.9

Financial result

[12]

–251.6

–134.5

Profit before tax

861.1

486.4

Income tax

[13]

–219.6

–109.7

Profit after tax

641.5

376.7

Non-controlling interest

[14]

–9.4

–10.4

Net profit after non-controlling interest

632.1

366.3

Earnings per share (in EUR)

[15]

basic

2.91

1.68

diluted

2.91

1.68