FRANKFURT (dpa-AFX Broker) - Merck KGaA shares reached a new high since September 2023 on Tuesday after the quarterly report. The shares of the Darmstadt-based company gained up to 4.5 percent to 165.45 euros at the peak. Experts largely praised the results for the first quarter, even though turnover and profit fell again.

Analyst Peter Spengler from DZ Bank assumes "positive effects" on the market consensus after the good results at the start of the year. "Merck is playing a turnaround story in Electronics and Life Science," said the expert. "In Electronics, the positive turnaround seems to be coming earlier than expected."

With the rise on Wednesday morning, the shares extended their year-to-date gain to around 14%. Merck is now performing slightly better than the DAX. This has risen by just under twelve percent since the end of 2023.

Last year, however, the share was one of the biggest index losers with a discount of around 21%, after the share price had already fallen by just over a fifth in 2022. Despite the recovery this year, the share price is still well below the record high from the end of 2021 at just under 165 euros.

At that time, the share price had climbed to more than 230 euros in the wake of good business during the coronavirus pandemic./ag/zb

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