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Animal Health Business to Be Major Pillar for Merck in Fiscal 2019

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Feb. 6 2019, Updated 9:00 a.m. ET

Animal Health business revenue trends

In the fourth quarter of 2018, Merck’s (MRK) animal health business reported revenues of $1.04 billion, a YoY rise of 6% on a reported basis and 11% on a CC (constant currency) basis. The company reported livestock product sales of $684 million, a YoY rise of 2% on a reported basis and 8% on a CC basis driven by rising demand for swine and poultry products. The companion animal business reported revenues of $352 million, a YoY rise of 12% on a reported basis and 16% on a CC basis driven by robust demand for vaccine products.

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In fiscal 2018, Merck’s Animal Health business reported revenues of $4.21 billion, a YoY rise of 9% on a reported basis and a CC basis. The Livestock segment reported sales of $2.63 billion, a YoY rise of 6% on a reported basis and 7% on a CC basis. The Companion Animals segment reported revenues of $1.58 billion, a YoY rise of 14% on a reported basis and 13% on a CC basis. According to Merck’s fourth-quarter earnings press release, the companion animals business benefitted from increased demand for BRAVECTO products and vaccines in fiscal 2018.

The Animal Health business reported profits of $1.7 billion in fiscal 2018, a YoY rise of 7%, and $387 million in the fourth quarter of 2018, a YoY rise of 10%.

Antelliq acquisition

On December 14, 2018, Merck issued a press release announcing the acquisition of Antelliq Group, a leading player in the animal identification and monitoring segment for a consideration of 3.25 billion euros, assuming the latter’s 1.15 billion euro debt. According to Merck’s fourth-quarter earnings press release, this deal is expected to close in the second quarter of 2019.

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