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Financial Position and Results of Operations Audited

Highlights 2012

  • Sales grow to exceed the € 10 billion for the first time driven by solid organic growth rates of the three largest divisions as well as changes from foreign exchange rates
  • Strong operational performance while substantially advancing with the transformation of the company
  • Good profitability and strong working capital management lead to increased free cash flow
  • Merck Serono generates solid top and bottom-line results while implementing major restructuring programs and efficiency initiatives across global administrative functions, R&D operations and country organizations
  • Performance Materials delivers exceptional performance driven by liquid crystal materials, while the Pigments business remains sluggish
  • Sales growth of Merck Millipore driven by all business units, predominantly through biotech manufacturing products in Process Solutions
  • Net financial debt significantly lowered to below € 2 billion
  • Proposal to increase dividend by 13% to € 1.70 demonstrates the current and future strength of the underlying business

Merck Group | Key figures

 

 

 

 

 

 

 

 

 

€ million

2012

2011

Change
in %

Total revenues

11,172.9

10,276.4

8.7

Sales

10,740.8

9,905.9

8.4

Operating result (EBIT)

963.6

1,132.1

–14.9

Margin (% of sales)

9.0

11.4

EBITDA

2,360.2

2,730.9

–13.6

Margin (% of sales)

22.0

27.6

EBITDA pre one-time items

2,964.9

2,723.8

8.9

Margin (% of sales)

27.6

27.5

EPS pre one-time items (in €)

7.61

6.79

12.1

Free cash flow

2,039.9

1,436.4

42.0