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Quarterly Review

Very good business development at Pharmaceuticals

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Core earnings per share

€2.62 (+11.5%)

Group sales

€13.2 billion landeng破解版安卓版

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Sales
EBITDA Before Special Items
Net income

+9.4%

In the first quarter, sales increased by 9.4 percent on a currency- and portfolio-adjusted basis (Fx & portfolio adj.) to €13.2 billion.

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Group EBITDA before special items increased by 14.9 percent to €3,893 million.

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+37.9%

After income tax expense of €595 million (Q1 2016: €474 million) and adjusting for income from discontinued operations after income taxes and noncontrolling interest, net income for the first quarter of 2017 amounted to €2,083 million (Q1 2016: €1,511 million).

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Business Development of the Divisions

Pharmaceuticals

Our Pharmaceuticals business expanded in all regions on a currency-adjusted basis. Sales of Pharmaceuticals rose by an encouraging 7.4 percent (Fx & portfolio adj.) to €4,263 million in the first quarter of 2017. Our key growth products once again delivered strong performance, with their combined sales rising by 20.0 percent (Fx adj.) to €1,445 million (Q1 2016: €1,187 million).

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Consumer Health

Sales of Consumer Health rose by 2.6 percent (Fx & portfolio adj.) in the first quarter of 2017 to €1,601 million. We registered encouraging growth in Europe / Middle East / Africa and Asia Pacific. Sales in North America were level year on year on a currency-adjusted basis, while business declined substantially in Latin America.

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Crop Science

In the first quarter of 2017, Crop Science posted sales of €3,120 million (Fx & portfolio adj. + 3.2 percent). Growth at Crop Protection / Seeds was largely due to encouraging performance in North America. The sales growth recorded at Environmental Science was based on the delivery of products to the company that acquired our consumer business.

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