Merck 2014 Annual Report Download - page 109

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104 GROUP MANAGEMENT REPORT → REPORT ON ECONOMIC POSITION → Consumer Health
1 Quarterly breakdown unaudited.
2 Previous year’s figures have been adjusted, see “The Group" in the Group management report.
2014
2013
5.7
180
182
Q1 →
Q2 →
Q3 →
Q4 →
185
179
8.5
204
201
1.4
197
180
6.5
%
CONSUMER HEALTH →
SALES AND ORGANIC GROWTH BY QUARTER1, 2
€ million / organic growth in %
CONSUMER HEALTH
CONSUMER HEALTH →
KEY FIGURES
€ million 2014 20131
Change
in %
Total revenues 768.8 745.0 3.2
Sales 766.1 742.1 3.2
Operating result (EBIT) 149.9 162.1 – 7.5
Margin (% of sales) 19.6 21.8
EBITDA 160.4 171.0 – 6.2
Margin (% of sales) 20.9 23.0
EBITDA pre one-time items 169.4 172.4 –1.7
Margin (% of sales) 22.1 23.2
Business free cash flow 124.0 172.5 – 28.1
1 Previous year’s figures have been adjusted, see “The Group" in the Group management report.
Development of sales and results of operations
In 2014, sales by the Consumer Health division rose 3.2 % to €766
million (2013: €742 million). Organic growth of 5.4 % was coun-
tered by a negative foreign exchange impact of – 2.2 %. Organic
sales growth was mainly driven by the strategic brands Neurobion®,
Femibion® and Floratil®, as well as by local brands in Germany,
where an increase in the market share of Femibion® was achieved.
The development of sales in the individual quarters in com-
parison with 2013 as well as the respective organic growth rates
are presented in the following overview: