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Merck KGaA Sees Low Impact from COVID-19 in IQ 2019

In comparison 10 1Q 2019, group net sales increased by 16.7% to €4.4 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Merck KGaA, Darmstadt, Germany, grew profitably in the first quarter of 2020. In comparison with the year-earlier quarter, group net sales increased by 16.7% to €4.4 billion. EBITDA pre, the company’s most important earnings indicator, rose by 27.2% to €1.2 billion. The COVID-19 crisis, which has meanwhile become a pandemic, only had a moderate impact in the first quarter of 2020. However, the company expects the effects to amplify in the coming months and has also taken this into account in i...

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