1、Annual Report 2015 STRONGERMERCK GROUPEBITDA pre exceptionals million201512,844.7MERCK GROUPNet sales million9,922.211,362.810,735.310,755.720142013201220113,629.82,723.83,387.73,253.32,964.920152014201320122011 Merck Group and StructureMERCK GROUPKey figures million20152014Change in%Net sales112,84
2、4.711,362.813.0Operating result(EBIT)1,843.21,762.04.6 Margin(%of net sales)114.315.5 EBITDA3,354.13,122.97.4 Margin(%of net sales)126.127.5 EBITDA pre exceptionals3,629.83,387.77.1 Margin(%of net sales)128.329.8 Earnings per share()2.562.66 3.8Earnings per share pre exceptionals()4.874.605.9Busines
3、s free cash flow2,766.22,605.16.21 The composition of net sales has changed,see Changes to accounting and measurement principles and disclosure changes”in the Notes to the Group accounts.Performance Materials Life ScienceBiopharmaConsumer HealthAllergopharmaBiosimilarsPerformance Materials Businesss
4、ectorsBusinessesGroupHealthcareLife ScienceMERCKBusiness sectors and businessesMerck hasfundamentally changed over the past ten years.We have developed from a classic supplier of pharmaceuticals and chemicals to a global science and technology company.With our unique combination of highly specialize
5、d biopharmaceutical,life science and materials businesses,we are in a position today to offer solutions to support global megatrends such as health and digitalization.Our new brand communicates this new direction to our customers,partners and applicants.We want to be recognizable and remain visible
6、as Merck so as to strengthen our wellknown brand name.To achieve this,we have adopted a bold and vibrant appearance.Today,Merckisbetterpositionedthaneverbefore.WecanbeproudofwhatMerckistoday:aleadingscienceandtechnologycompanywhoseideasandproductscan reallymakeadifferenceintheworld.Withourthreebusin