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Reported a decline in sales in 1Q 2018 despite organic growth, due to negative foreign exchange effects.
May 16, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Merck KGaA, Darmstadt, Germany, reported a decline in sales in the first quarter of 2018 despite organic growth. This was due to negative foreign exchange effects. EBITDA pre-declined after having benefited from favorable one-time effects in the previous year. Merck KGaA confirmed its full-year forecast with respect to organic business performance. However, the company expects slightly higher negative foreign exchange effects. “When we presented our financial results for 2017, we indicated t...
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