Cautious Merck KGaA

2 December 1996

It is an open question whether German drugmaker Merck KGaA achieves a 30%-40% rise in profits in the current year, according to its chairman Hans Joachim Langmann, whose optimistic turn-of-year forecast for sales and profits has been replaced by a more cautious assessment of prospects (for nine-month 1996 results see Marketletter November 25).

October sales and gross earnings have risen sharply but pressure is reported on the vitamin C business in Germany, and drug prescribing in Germany has been sharply reduced because of the impending budget overshoot by doctors.

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