Merck KGaA

MRK: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€254.00	Sqffvm	Yjpczdygt

Merck KGaA's Prospects Remain Solid, Although COVID-19 Benefits May Not Last

Julie Utterback

May 12, 2022

Business Strategy and Outlook

Merck KGaA has made a series of acquisitions and divestitures in the past decade or so to position the group for solid long-term growth in three key segments: life sciences, performance materials, and healthcare. However, after robust results in 2020 and 2021 due to COVID-19-related benefits particularly in its life sciences business, we think the company's intermediate-term growth may soften toward more historic norms.

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