Merck KGaA lifts FY profit forecast on strong lab supplies

August 4, 2016 5:18 AM

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FRANKFURT Aug 4 German drugs and chemicals maker Merck KGaA on Thursday lifted its full-year earnings outlook after strong growth at its lab supplies business boosted second-quarter results.

Merck raised its forecast for earnings before interest, taxes, depreciation and amortisation (EBITDA) before special items to 4.25-4.4 billion euro ($4.7-$4.9 billion) for 2016, up from a previous target range of 4.1-4.3 billion.

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