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MarketScreener Homepage  >  Equities  >  Xetra  >  Merck KGaA    MRK   DE0006599905

MERCK KGAA

(MRK)
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Merck : to Invest EUR20 Million in Display-Technology Production

10/28/2020 | 02:56am EST

By Cecilia Butini

Merck KgaA said Wednesday that it is going to invest 20 million euros ($23.6 million) to expand its manufacturing capacity of organic light-emitting diodes, or OLED, in Korea and China.

OLED materials are used in panel and display production.

The German pharmaceutical and chemicals company said the expansion--which builds on its Performance Materials segment--will be at its sites in Pyeongtaek, south of Seoul, and Shanghai, China.

The EUR20 million investment will be used to build a new modular production system which is set to facilitate the installation of sublimation units in line with market requirements, Merck said.

Sublimation is a chemical process which OLED materials need to go through in order to guarantee their performance when used in displays.

"As new form factors enabled by OLED technology - such as foldable and rollable displays - continue to penetrate the market, Merck is expanding its OLED manufacturing capacities in Asia to meet the increasing demand for high-purity OLED materials", the company said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

10-28-20 0355ET

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Financials
Sales 2020 17 381 M 20 793 M 20 793 M
Net income 2020 2 013 M 2 408 M 2 408 M
Net Debt 2020 11 224 M 13 428 M 13 428 M
P/E ratio 2020 28,6x
Yield 2020 1,06%
Capitalization 57 999 M 69 344 M 69 385 M
EV / Sales 2020 3,98x
EV / Sales 2021 3,70x
Nbr of Employees 58 077
Free-Float 29,7%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 135,37 €
Last Close Price 133,40 €
Spread / Highest target 26,7%
Spread / Average Target 1,48%
Spread / Lowest Target -24,3%
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Managers
NameTitle
Stefan Oschmann Chairman-Executive Board & CEO
Wolfgang Heinz Büchele Chairman-Supervisory Board
Marcus Kuhnert Chief Financial Officer
Christian Raabe Independent Member-Supervisory Board
Edeltraud Glänzer Independent Member-Supervisory Board
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