The Performance Materials division comprises Merck’s entire specialty chemicals business. It offers high-tech performance chemicals for applications in fields such as consumer electronics, lighting, coatings, printing technology, plastics applications, and cosmetics. In the first quarter of 2014, Performance Materials contributed 15% to Group sales and 22% to EBITDA pre (excluding Corporate and Other). The EBITDA pre margin was 46.3% of sales. This reflects the far above-average profitability of the business. Performance Materials consists of three business units: Liquid Crystals, Pigments & Cosmetics, and Advanced Technologies. Liquid Crystals generates more [...]
XLS Merck Group | Key figures € million Q1 – 2014 Q1 – 2013 Change in % Total revenues 2,664.8 2,760.5 –3.5 Sales 2,613.9 2,660.4 –1.7 Operating result (EBIT) 468.3 399.4 17.3 Margin (% of sales) 17.9 15.0 EBITDA 770.2 753.8 2.2 Margin (% of sales) 29.5 28.3 EBITDA pre one-time items 807.1 801.1 0.7 Margin (% of sales) 30.9 30.1 Earnings per share (€) 1.50 1.22 23.0 Earnings per share pre one-time items (€) 2.31 2.11 9.5 Business free cash flow 684.1 592.9 15.4 Merck Group | Sales by quarter – Q1 2014 Merck Group | EBITDA pre one-time items by quarter – Q1 2014
XLS € million Q1 – 2014 Q1 – 2013 Sales 2,613.9 2,660.4 Royalty, license and commission income 51.0 100.1 Total revenues 2,664.8 2,760.5 Cost of sales –736.5 –724.0 Gross profit 1,928.3 2,036.5 Marketing and selling expenses –549.5 –568.3 Royalty, license and commission expenses –136.4 –136.3 Administration expenses –132.3 –132.7 Other operating expenses and income –66.8 –184.0 Research and development costs –378.9 –406.2 Amortization of intangible assets –196.1 –209.6 Operating result (EBIT) 468.3 399.4 Financial result –34.7 –58.7 Profit before income tax 433.6 340.7 Income tax –106.1 –71.7 Profit after tax 327.4 269.0 of [...]
[...] four divisions: Merck Serono, Consumer Health, Performance Materials and Merck Millipore. Merck Group | Sales by division – Q1 2014 Merck Group | EBITDA pre one-time items by division – Q1 2014 Merck Group | Business free cash flow by division – Q1 2014 Merck Group | Number of employees as of March 31, 2014: 38,273 As of March 31, 2014, Merck had 38,273 employees wordwide compared to 38,154 on December 31, 2013.
[...] medium to long term. In the first quarter of 2014, the Emerging Markets region contributed 34% to Group sales. Detailed information on specific strategic initiatives of the Merck Group as well as on the business strategies of the divisions can be found in the Merck Annual Report for 2013.
