默克集团Merck Group（MRK）2020年年度报告「FWB」（英文版）（336页）.pdf

1、Annual ReportKEY FIGURES 2020Merck GroupNet sales millionMerck GroupMerck GroupEBITDA pre1 million1 Not defined by International Financial Reporting Standards(IFRS).Change million20202019 million%Net sales17,53416,1521,3838.6%Operating result(EBIT)12,9852,12086540.8%Margin(%of net sales)117.0%13.1%E

2、BITDA14,9234,06685721.1%Margin(%of net sales)128.1%25.2%EBITDA pre 15,2014,38581718.6%Margin(%of net sales)129.7%27.1%Profit after tax1,9941,32467050.6%Earnings per share(in)4.573.041.5350.3%Earnings per share pre()16.705.561.1420.5%Business free cash flow13,7652,7321,03337.8%1 Not defined by Intern

3、ational Financial Reporting Standards(IFRS).17,53416,15214,83614,51715,0245,2014,3853,8004,2464,4902020201920182017201620202019201820172016TABLE OF CONTENTSTo Our Shareholders5 Letter from Stefan Oschmann9 The Executive Board10 Merck SharesCombined Management Report14 Fundamental Information about t

4、he Group14 Merck26 Strategy35 Internal Management System41 Sustainability50 Research and Development67 People at Merck76 Report on Economic Position76 Macroeconomic and Sector-Specific Environment80 Review of Forecast against Actual Business Developments88 Course of Business and Economic Position88

5、Merck Group98 Healthcare104 Life Science108 Performance Materials112 Corporate and Other113 Report on Risks and Opportunities130 Report on Expected Developments135 Report in accordance with Section 315a(1)of the German Commercial Code(HGB)138 Additional Information on Merck KGaA in accordance with t

6、he German Commercial Code(HGB)Corporate Governance148 Capital Structure and Corporate Bodies of Merck KGaA149 Statement on Corporate Governance including Compensation Report184 Report of the Supervisory Board188 Objectives of the Supervisory Board with respect to Its Composition and Profile of Skill