Group Confirms Forecast for Fiscal 2023 Despite Difficult Market Environment in Q3

The strong organic development of the Healthcare business sector partly compensated for the decline in sales and earnings in Life Science and Electronics.

Key facts and Forecast

Financial results of Q3 2023

  • Strong organic performance of Healthcare partly compensates for market weakness in Life Science and Electronics
  • Net sales decrease organically by 4.1% to € 5.2 billion
  • EBITDA pre down organically by 13.2% to € 1.4 billion despite double-digit organic earnings growth of Healthcare
  • Negative foreign exchange impact increases again over Q2 2023

Forecast

  • Company confirms and specifies forecast for fiscal 2023
  • Return to organic sales growth expected in 2024

OVERVIEW: BUSINESS PERFORMANCE IN Q3 2023

  Q3 2023 (in € billion) Change (in %, compared to Q3 2022) Organic growth  (in %, compared to Q3 2022)
Group net sales 5.2 -10.9 -4.1
EBITDA pre 1.4 ‑20.2 ‑13.2
Life Science sales 2.2 -18.3 -13.2
Healthcare sales 2.1 -1.1 7.4
Electronics sales 0.9 ‑11.6 ‑4.0
Belén Garijo - Chair of the Executive Board and CEO of Merck KGaA, Darmstadt, Germany Belén Garijo - Chair of the Executive Board and CEO of Merck KGaA, Darmstadt, Germany

We remain disciplined and on track to achieve not only our fiscal 2023 but also our medium-term targets. In 2024, we expect to return to organic sales growth.

Belén Garijo

Chair of the Executive Board and CEO of Merck KGaA, Darmstadt, Germany

Conference call for analysts

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