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Gerresheimer AG: Gerresheimer accelerates revenue growth

·4-min read

DGAP-News: Gerresheimer AG / Key word(s): Quarterly / Interim Statement/Half Year Report
13.07.2021 / 07:00
The issuer is solely responsible for the content of this announcement.


Gerresheimer accelerates revenue growth

Duesseldorf, July 13, 2021 - Gerresheimer AG showed strong revenue growth in the second quarter of 2021. "The new company focus on sustainable growth, innovation and providing solutions for our customers is bearing fruits. We revealed our strengths in the second quarter. Prefillable syringes and other high-value solutions such as for biotech drugs are the main drivers. The delivery of injection vials is running as planned. We expect a strong second half of the year and confirm our guidance for 2021," says Dietmar Siemssen, CEO of Gerresheimer AG.

In the second quarter of 2021, Gerresheimer AG generated organic Group revenues of EUR 377m. Revenues increased organically by 7.5 %, with revenues in the core business growing by 7.1 % year on year. The Plastics & Devices Division recorded organic growth of 4.4 % in the second quarter of 2021. The company achieved considerable growth in revenues in pharmaceutical primary packaging solutions made of plastic and in the syringes business in particular. Organic revenues in the Primary Packaging Glass Division rose by 10.3 % year on year. Significant revenue increases were recorded for high-value solutions in particular, such as Elite Glass products.

Adjusted EBITDA in the core business stood at EUR 85 million, corresponding to an organic growth of 3.1 %. The organic adjusted EBITDA margin in the core business amounted to 22.8 %. Adjusted net income stood at EUR 41 million. Adjusted earnings per share stood at EUR 1.28, which is a year-on-year increase of 19.1 %.

Forecast

Outlook for the financial year 2021 (core business, currency adjusted):

Medium term (core business, net of currency effects):

The Quarterly Statement for the second quarter of 2021 is available here:
https://www.gerresheimer.com/en/company/investor-relations/reports

Press contact
Jens Kürten
Group Senior Director Communication & Marketing
T +49 211 6181-250
jens.kuerten@gerresheimer.com

Investor Relations contact
Carolin Nadilo
Corporate Director Investor Relations
T +49 211 6181-220
carolin.nadilo@gerresheimer.com

About Gerresheimer
Gerresheimer is the global partner for pharma, biotech, healthcare and cosmetics with a very broad product range for pharmaceutical and cosmetic packaging and drug delivery devices. The company is an innovative solution provider from concept to delivery of the end product. Gerresheimer achieves its ambitious goals through a high level of innovative strength, industrial competence, focus on quality and customers. In developing innovative and sustainable solutions, Gerresheimer relies on a comprehensive international network with numerous innovation and production centers in Europe, America and Asia. Gerresheimer produces close to its customers worldwide with around 10,000 employees and generates annual sales of more than €1.4 billion. With its products and solutions, Gerresheimer plays an essential role in people's health and well-being.

Key Figures for the Gerresheimer Group

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13.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Gerresheimer AG

Klaus-Bungert-Str. 4

40468 Düsseldorf

Germany

Phone:

+49-(0)211/61 81-314

Fax:

+49-(0)211/61 81-121

E-mail:

carolin.nadilo@gerresheimer.com

Internet:

http://www.gerresheimer.com

ISIN:

DE000A0LD6E6

WKN:

A0LD6E

Indices:

MDAX (Aktie)

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1218009


End of News

DGAP News Service

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