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Merck KGaA forecasts gain in 2012 adj EBITDA

FRANKFURT | Tue May 15, 2012 1:16am EDT

FRANKFURT May 15 (Reuters) - German drugmaker Merck KGaA said its underlying core profit would rise to 2.8-2.9 billion euro ($3.6-$3.7 billion)this year, up from 2.73 billion in 2011.

The group previously said it saw a "slight increase" in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA).

Merck's first-quarter results were broadly in line with analyst expectations. ($1 = 0.7789 euros) (Reporting by Ludwig Burger)
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