Merck KGaA receives a boost from displays for tablets and smartphones

first_imgMonday 21 February 2011 7:36 pm Merck KGaA receives a boost from displays for tablets and smartphones KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap MERCK KGaA has raised the prospect of faster operating profit growth than analysts expected, defying concerns about competition for its cutting-edge liquid crystals for flat-panel display.The German chemical and pharmaceutical firm yesterday predicted a 35 to 45 per cent increase in operating profit for 2011.Analysts on average had expected an increase of about 20 per cent to €1.4bn (£1.18bn), seeing only modest growth from Merck’s bestselling drugs Rebif and Erbitux. Analysts had feared that Merck’s highly profitable liquid-crystals business, the world’s largest maker of the key chemicals for flat-panel displays, could soon face keener competition from its Japanese rivals who are catching up with Merck’s PS-VA technology.But the unit posted earnings before interest and tax of 54 per cent of sales in the fourth quarter, above the 50 per cent predicted by analysts. Profits were boosted by demand for tablet computers, smartphones and 3D TVs, for which PV-SA crystals are particularly well suited. Merck’s dividend proposal of €1.25 per share, however, fell short of the €1.32 the market had factored in. whatsapp Share Show Comments ▼ Tags: NULL whatsapplast_img