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TAG overview


As a global company with a diverse portfolio of products and services, we use a comprehensive framework of indicators to manage performance. The most important key performance indicator (KPI) for measuring performance is EBITDA pre.

The Value Creation and Financial KPI Pyramid, which summarizes our important financial performance measures, reflects the comprehensive framework of financial KPIs to steer the businesses and prioritize the allocation of cash resources. It consists of three managerial dimensions: Group, Business, and Projects, each of which requires the use of different indicators.

Internal Management System (Infographic)


EBITDA pre1 = Earnings before interest, income tax, depreciation and amortization as well as adjustments (Ergebnis vor Zinsen, Ertragsteuern, Abschreibungen und Anpassungen).
EPS = Earnings per share (Ergebnis je Aktie).
MEVA1 = Value added of Merck KGaA, Darmstadt, Germany (wirtschaftliche Wertschöpfung durch Merck KGaA, Darmstadt, Germany).
BFCF1 = Business Free Cash Flow (Free Cash Flow des Geschäfts).
ROCE1 = Return on capital employed (Rendite auf das investierte Kapital).
NPV1 = Net present value (Kapitalwert).
IRR1= Internal rate of return (interner Zinsfuß).
eNPV1 = Expected Net present value (erwarteter Kapitalwert).
PoS1 = Probability of success (Erfolgswahrscheinlichkeit).
M&A = Mergers & Acquisitions (Fusionen und Übernahmen).

1 Not defined by International Financial Reporting Standards (IFRS).