Merck KGaA (Darmstadt, Germany) reported a revenues growth of 16% for the second quarter of calendar 2010 to €2.21 billion ($2.83 billion at €0.78 = $1), with net profits going up 69% to €183.4 million compared to the same period in 2009. In the same period, the Performance & Life Science Chemicals (PLSC) division, incorporating Merck’s stake in the separation markets with columns for high-performance liquid chromatography (HPLC), in addition to laboratory buffers and reagents, increased its sales by 21% to €360 million, more than doubling its operating result to €47 million.
For the first six months of 2010 the whole group increased its net profits by 127% to €374.8 million on revenues of €4.31 billion, which grew only 14% over the same period in 2009. PLSC grew its revenues by 17% to €706 million, while its operating results went up 142% to €102 million. Excluding revenues from Millipore, which has been integrated in July this years (see pg 2), Merck management expects PLSC to increase its 2010 revenues by 15% over 2009 (€1.20 billion), while its operating result should double from €97 million in 2009.
Merck employed just over 34,000 staff at the end of the first six month, up by almost 1,000 since the beginning of the year.
Merck KGaA
(Performance & Life Science Chemicals; PLSC)
Jan-Jun Jan-Jun
Sales Operating results
2010 2009 change 2010 2009 change
——————————————————————–
706 586 17% 102 42 142%
——————————————————————–
(Figures in € millions)
Merck KGaA (Darmstadt, Germany) has created the new Merck Millipore division (known as EMD Millipore in the US and Canada) after completing the acquisition of Millipore Inc (Billerica, MA) for €5.2 billion ($7 billion at €0.74 = $1).
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Microarray Inc (MI; Huntsville, AL), the array-based technologies business of Vanderbilt University, based in Nashville, TN, has been bought out by the company’s management team
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True to its word, speciality glass producer Corning Inc (Corning, NY) has continued on its acquisition trail, with the purchase of Plaslab SAS, the holding company for family-owned Plastiques Gosselin SAS (PG; both Borre, France), a manufacturer
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Eurofins MWG Operon (Ebersberg, Germany), the genome sequencing business of bioanalytical laboratory service company Eurofins Scientific Group (Nantes, France), has entered into an agreement with data analysis software developer Genomatix GmbH (Munich, Germany),
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Idaho Technology Inc (Salt Lake City, UT), a developer of hardware, software and reagents for polymerase chain reaction (PCR) technology, is to cease manufacture of custom oligonucleotides
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Early-stage genomic analysis system developer WaferGen Biosystems Inc (Fremont, CA) reported second calendar quarter revenues of $432,000 compared to
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Although it sold 14 of its WAVE® systems during the period, lower sales of consumables hit the instrumentation business of Transgenomic Inc (Omaha, NE) in the
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Bio-Rad Laboratories Inc (Hercules, CA) said that while customer budgets remained “constrained”, solid demand for core products and a
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Intana Biosciences GmbH (Martinsried, Germany), a service provider of fluorescence cross correlation spectroscopy (FCCS) applications, has entered into an agreement with Johnson & Johnson Pharmaceutical Research & Development, a subsidiary of Janssen Pharmaceutica NV (Beerse, Belgium).
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