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Highlights – 2
nd
Quarter 2012
Sales grew by 11.1% to € 2,743 million
+5.1% organic growth, +5.4% benefit from changes in foreign exchange rates, +0.5% increase from acquisitions
EBITDA pre one-time items increased by 13.9% to € 747 million
Reported results negatively impacted by € 394 million in
one-time items
Strong free cash flow of € 626 million reflects operational performance and better management of working capital
Sales
EBITDA pre one-time items
€ million
€ million
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ANNUAL REPORT 2011
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Merck Group
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Corporate and Other
Half-Year Consolidated Financial Statements
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