A logo of drugs and chemicals group Merck

Germany’s Merck Sees Boost from Labs Supplies Earnings

Adjusted earnings before interest, tax, depreciation and amortization at the division rose to 793 million euros ($961 million).

The company, which also makes pharmaceuticals and specialty chemicals, on May 4 reported better-than-expected quarterly earnings for the group ahead of schedule.

At the time it said it expected 2021 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 5.4-5.8 billion euros, up from 5.2 billion last year. It reaffirmed that guidance on Wednesday.

($1 = 0.8249 euros)

(Reporting by Ludwig Burger; Editing by Riham Alkousaa)