(Reuters) -Germany's Merck KGaA saw adjusted earnings rise 13.1% in the second quarter as higher revenues from its biotech lab equipment and its chemicals for semiconductor production were further bolstered by currency tailwinds. Second-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, rose to 1.78 billion euros ($1.81 billion), surpassing the average estimate of 1.71 billion in an analyst poll on the company's website. Adjusted EBITDA would have risen only 3.2% without the currency tailwinds.
German supplier of chemicals and materials used in making semiconductors, Merck KGaA, said on Tuesday it had signed a contract to open a semiconductor base in the Chinese city of Zhangjiagang, describing it as its largest single electronics business investment in the country. The new 69-acre base will house production plants for thin film materials and electronic specialty gasses, warehouses, and operation centers.
FRANKFURT (Reuters) -German diversified group Merck KGaA is preparing to put its pigments business up for sale to fund investments at its drugs and electronic chemicals divisions, daily Handelsblatt reported on Monday. The business, which is known as Surface Solutions, could be valued at close to 1 billion euros ($1.08 billion) in a transaction, the newspaper citied people familiar with the matter as saying. Surface Solutions, which makes pigments for a pearlescent or metallic shine in coatings, plastics and cosmetics, is part of Merck's Electronics division, which mainly makes chemicals for semiconductor production as well as liquid crystals and organic light emitting diodes for display screens.