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Gerresheimer presents strong results for financial year 2013

, Gerresheimer AG

Gerresheimer AG, one of the leading partners to the pharma and healthcare industry worldwide, brought financial year 2013 to a successful close. “2013 was a rewarding year for us. We met all the targets we set ourselves. At the beginning of financial year 2014, we sharpened our organi-zation’s customer focus. We are investing in highly promising growth projects, further improvements in quality and the internationalization of our business. These are important steps in setting the course for our future,” said Uwe Röhrhoff, Chief Executive Officer of Gerresheimer AG.

Gerresheimer increased revenues in financial year 2013 (December 1, 2012 to November 30, 2013) by 3.8% to EUR 1,265.9m. At constant exchange rates, this corresponds to growth of 5.8%. Business with the pharma industry once more showed strong growth and broad cyclical resilience. Revenue gains were likewise generated with cosmetics packaging. Sales volumes were solely down in the area of laboratory glassware due to weak market demand in North America. Gerresheimer generates some 83% of revenues with products for the pharma and healthcare industry.

The Company increased adjusted EBITDA by 4.1% in financial year 2013 to EUR 249.8m. At constant exchange rates and including EUR 7.5m in other operating income, this corresponds to EBITDA of EUR 254.0m. The adjusted EBITDA margin came to 19.7%, as in the prior year. Net income went up by 0.3% to EUR 68.5m. Adjusted net income climbed 17.2% to EUR 103.5m. Earnings per share stayed at EUR 1.98. Adjusted earnings per share amounted to EUR 3.08, an increase of 17.6%.

Gerresheimer’s capital expenditure in financial year 2013 was EUR 119.1m (2012: EUR 118.9m). The Company is notably further expanding production capacity for drug delivery systems such as prefillable glass syringes, insulin pens and asthma inhalers. A second focus is on growth in emerging markets. In December 2012, Gerresheimer took over Triveni in India, a leading maker of plastic pharmaceutical packaging products. The third focus of capital expenditure is on further improving product and production process quality.

, Gerresheimer AG

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