Merck KGaA Shares Jump on Expected Return to Sales Growth in 2024
19 10월 2023 - 5:22PM
Dow Jones News
By Adria Calatayud
Shares of Germany's Merck KGaA rose after the company forecast a
return to organic sales growth next year, supported by recovering
demand for semiconductor materials and abating Covid-19
headwinds.
At 0749 GMT on Thursday, Merck's shares traded 5.4% higher at
EUR153.40.
The life-sciences and electronics group confirmed it expects a
broadly stable top-line performance this year, with sales ranging
from a 2% fall to a 2% rise and resulting in total net sales of
20.5 billion euros and 21.9 billion euros ($21.60 billion-$23.08
billion).
Analysts polled by FactSet expect Merck's sales to be EUR21.33
billion this year, growing to EUR22.46 billion in 2024.
Merck said weakening Covid-19 sales should be less of a headwind
next year than in 2023 for its life-sciences segment, while the
semiconductor-material market served by its electronics segment is
expected to recover incrementally in 2024.
The company also reiterated medium-term targets for its division
and said exposure to structural trends give it confidence in
continuing to grow beyond 2025.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 19, 2023 04:07 ET (08:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Merck KGaA (PK) (USOTC:MKKGY)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Merck KGaA (PK) (USOTC:MKKGY)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
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