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Free Cash Flow 

Free cash flow increased in the second quarter of 2010 to EUR 356 million compared to EUR 79 million in the year-ago quarter. This is mainly due to better results and lower tax payments compared to the year-ago period. The six-month free cash flow improved to EUR 551 million compared to EUR 243 million in the year-ago period. Underlying free cash flow (free cash flow adjusted for acquisitions and divestments) amounted to EUR 360 million for the second quarter. FCR (underlying free cash flow as a percentage of total revenues) improved to 16.3% compared to 4.1% for the year-ago quarter. Half-year underlying free cash flow reached EUR 567 million compared to EUR 243 million in the year-ago period.

© Merck KGaA, Darmstadt, Germany, Last Update 2010/07/29