Merck KGaA Specifies Guidance Amid Soft Semiconductor Market
- Broader recovery in semiconductor market yet to come
- Sees annual sales at lower half, adj. earnings at mid-point
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Merck KGaA said it will probably only reach the lower half of its annual sales guidance range amid a delayed recovery in the wider semiconductor materials market.
While the German group confirmed its outlook for the year, it specified that annual sales are trending around the lower half of the range and adjusted earnings before interest and taxes around the mid-point, according to a statement Thursday.