Merck 2014 Annual Report Download - page 91

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86 GROUP MANAGEMENT REPORT → REPORT ON ECONOMIC POSITION → Course of business and economic position
%
Europe → 4,014.6
North America → 2,152.2
Emerging Markets → 4,250.2
Rest of World → 874.5
19
38
8
35
GROUP →
SALES BY REGION – 2014
€ million / % of sales
GROUP →
SALES COMPONENTS BY DIVISION – 2014
€ million / change in % Sales Organic growth
Exchange rate
effects
Acquisitions /
divestments Total change
Biopharmaceuticals 5,783.3 3.6 –1.9 – 1.7
Consumer Health 766.1 5.4 – 2.2 – 3.2
Performance Materials 2,059.6 4.1 –1.5 22.8 25.4
Life Science 2,682.5 4.5 –1.7 – 0.7 2.1
Group 11,291.5 4.0 – 1.8 3.3 5.5
In 2014, all four divisions of the Group posted organic sales
increases with growth rates of between 3.6 % and 5.4 % as well as
negative foreign exchange effects of around – 2 % in each division.
Achieving an organic sales growth rate of 3.6 %, which correspond-
ed to an absolute increase of €207 million, the Biopharmaceuticals
division made the strongest absolute contribution to organic sales
growth, followed by the Life Science division with organic sales
growth of €119 million equivalent to a growth rate of 4.5 % and
Performance Materials with €67 million, or 4.1 %. At 5.4 %, Con-
sumer Health generated the highest organic growth rate of all the
operating divisions, equivalent to an absolute sales increase of
€40 million. Owing to the first- time consolidation of AZ, the Per-
formance Materials division posted the highest overall sales in-
crease of 25.4 %, representing an absolute increase of €418 million.