1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

Merck Posts Profit, Claims 'Best Year' Ever

February 17, 2005

German pharmaceuticals firm Merck KgaA said one-off gains, improved operating performance and lower tax rates enabled it to book its highest-ever profit last year. Merck said net profit more than tripled to €658.6 million ($856 million) in 2004, making it "the best year in our 336-year history." The drug maker said its liquid crystals business performed particularly well and sales of its new cancer treatment Erbitux "far exceeded expectations." Bottom-line earnings were also boosted by windfall gains from the sale of its VWR unit. But operating profit also rose, climbing by 15 percent to €754.9 million on a 6.7-percent increase in sales to €5.4 billion.

Skip next section Explore more
Skip next section DW's Top Story

DW's Top Story

Skip next section More stories from DW