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Merck KGaA Aims to Return to Profitable Growth in 2019

Performance Materials focusing on the electronics industry and realigns R&D.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Merck KGaA, Darmstadt, Germany, expects strong growth impetus starting next year, as the company reported to analysts and investors at its Capital Markets Day. “2018 has been a challenging year for our company. We have made future-oriented decisions that will lead to profitable growth as of next year,” said Stefan Oschmann, chairman of the Executive Board and CEO of Merck KGaA, Darmstadt, Germany.
 
In the Healthcare business sector, the core business (excluding Consumer Health), has achieved an annual growth rate of approximately 3% since 2013. In the midst of the Sigma-Aldrich integration over the past three years, the Life Science business sector has grown faster than the market while expanding its position as the most profitable supplier in the life science industry. Whereas the life science market grew annually by an average of 4%, from 2015 to 2017 the Life Science business sector grew by an average of approximately 6%. In order to maintain this dynamic growth, Life Science intends to rigorously focus on growing its pipeline of innovations and launching new products.
 
As announced on July 3, the Performance Materials business sector aims to further expand its position as a leading supplier of solutions for the electronics industry. For the years after 2019, it expects to resume average annual sales growth of 2% to 3%. One pillar of the transformation program is the realignment of R&D.

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