German Merck shares leap despite first quarter 2024 decline

15 May 2024

Shares in Merck KGaA (MRK: DE) rose by around 5% in Wednesday’s trading after the Germany-based company presented its first quarter 2024financial results and latest forecast for 2024.

Compared with the first quarter of 2023, group sales decreased by 3.3% to 5.12 billion euros ($5.55 billion). Foreign exchange effects, mainly from the Chinese renminbi, had a negative impact of 2% on this figure.

"We expect acceleration in the second half of the year"The Healthcare division performed strongly, with sales of 2.05 billion euros (10.1% organic growth), and Electronics delivering results described as solid and Life Science seeing sales and earnings declines.

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