Merck 2014 Annual Report Download - page 108
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103GROUP MANAGEMENT REPORT → REPORT ON ECONOMIC POSITION → Biopharmaceuticals
1 Quarterly breakdown unaudited.
2 Previous year’s figures have been adjusted, see “The Group" in the Group management report.
2014
2013
Q1 →
Q2 →
Q3 →
Q4 →
%
480
340
41.2
337
486
– 30.6
377
512
– 26.3
383
449
– 14.9
BIOPHARMACEUTICALS →
BUSINESS FREE CASH FLOW AND CHANGE BY QUARTER1, 2
€ million / change in %
The development of business free cash flow in the individual
quarters in comparison with 2013 is presented in the following
overview: