As a result of the performance in the second quarter of 2012, Merck is updating its forecast for FY 2012. Merck expects the markets for pharmaceuticals as well as over-the-counter drugs to grow driven by volumes in Emerging Markets. For its Liquid Crystals products, the company expects volumes to remain strong in the third quarter and a softer demand in the fourth quarter, also as a result of some normalization of its currently high market share. Finally, Merck continues to see solid demand for Life Science products, driven also by continued volume growth in biologic-based drugs.
Based on these assumptions, Merck expects the following financial performance of its businesses for FY 2012:
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Guidance FY 2012 | ||||
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Merck Divisions |
€ million |
EBITDA pre one-time items | ||
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Merck Serono |
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~ 1,750 – 1,800 | ||
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Consumer Health |
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~ 60 – 65 | ||
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Performance Materials |
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~ 660 – 680 | ||
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Merck Millipore |
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~ 580 – 600 | ||
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Corporate and Other |
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~ – 200 | ||
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Merck Group |
€ billion |
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Total revenues |
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~ 10.7 | ||
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EBITDA pre one-time items* |
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2.85 – 2.95 | ||
FX assumptions for the second half of 2012:
€/US$ = 1.25
€/CHF = 1.20