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TAG overview

Results

Consolidated Income Statement

€ million

 

Note

 

2020

 

2019

Net sales

 

9

 

17,534

 

16,152

Cost of sales

 

10

 

-6,835

 

-6,006

Gross profit

 

 

 

10,699

 

10,145

 

 

 

 

 

 

 

Marketing and selling expenses

 

11

 

-4,207

 

-4,576

Administration expenses

 

 

 

-1,188

 

-1,154

Research and development costs

 

12

 

-2,288

 

-2,268

Impairment losses and reversals of impairment losses on financial assets (net)

 

42

 

-6

 

-8

Other operating income

 

13

 

838

 

715

Other operating expenses

 

14

 

-863

 

-735

Operating result (EBIT)1

 

 

 

2,985

 

2,120

 

 

 

 

 

 

 

Finance income

 

40

 

44

 

97

Finance costs

 

40

 

-398

 

-481

Profit before income tax

 

 

 

2,630

 

1,735

 

 

 

 

 

 

 

Income tax

 

15

 

-637

 

-440

Profit after tax from continuing operations

 

 

 

1,994

 

1,296

Profit after tax from discontinued operation

 

6

 

 

28

Profit after tax

 

 

 

1,994

 

1,324

thereof: attributable to shareholders of Merck KGaA, Darmstadt, Germany (net income)

 

 

 

1,987

 

1,320

thereof: attributable to non-controlling interests

 

34

 

7

 

3

 

 

 

 

 

 

 

Earnings per share (in €)

 

17

 

 

 

 

Basic

 

 

 

4.57

 

3.04

from continuing operations

 

 

 

4.57

 

2.97

from discontinued operation

 

 

 

 

0.07

Diluted

 

 

 

4.57

 

3.04

from continuing operations

 

 

 

4.57

 

2.97

from discontinued operation

 

 

 

 

0.07

1

Not defined by International Financial Reporting Standards (IFRS).