Net financial debt reduced from EUR 788.2m to EUR 712.7m. Adjusted EBITDA leverage, at 2.3x, thus below target of 2.5x
Proposed dividend of EUR 1.10 per share (prior year: EUR 1.05)
Gerresheimer AG closed the 2017 financial year December 1, 2016 to November 30, 2017 with an improved adjusted EBIDA margin, despite a decrease in revenues. “The financial year 2017 was characterized by uncertainty in the pharma and healthcare markets relevant to us. Growth in the global pharma market slowed considerably in 2017. Despite a slight decrease in revenues, we were able to raise profitability. We are consequently proposing an increased dividend. We are confident that we can grow sustainably and profitably in the coming years and further expand our strong position in the markets for pharmaceuticals, healthcare and cosmetics. We have taken important steps in this direction and set our strategic priorities for the years ahead. Accordingly, we are raising our long-term target Gx ROCE to around 15%,” said Rainer Beaujean, CFO and Speaker of the Management Board.
The fourth quarter of 2017 saw Gerresheimer increase revenues by 4.7% and on an organic basis by no less than 6.7%. Revenues consequently ended the financial year 2017 with a decrease of just 2.0% to EUR 1,348.3m. On a constant exchange rate basis, revenues stood at EUR 1,361.6m, down by 1.8%. The global pharma market grew significantly more slowly in 2017 than in the preceding years. Especially in the US the world’s largest and most important pharmaceuticals market there was growing uncertainty, also stemming from the debates surrounding healthcare reform, trade policy and tax reform.
Les informations publiées sur notre portail sont soumises au droit d´auteur et appartiennent à la société en question resp. à la source des nouvelles. Tous les droits sont réservés expressément. N´importe quel utilisateur qui accède à un tel matériel peut faire ainsi seulement pour sa propre utilisation personnelle, et l´usage d´un tel matériel est au risque unique de l´utilisateur. La redistribution ou toute autre exploitation commerciale d´un tel matériel de nouvelles est expressément interdite. Là où un tel matériel de nouvelles est fourni par un tiers, chaque utilisateur accepte d´observer et être lié par les limites spécifiques de l´utilisation s´appliquant à un tel matériel de nouvelles. Glass Global ne représente ou n´approuve pas l´exactitude ou la fiabilité d´aucune des informations citées dans les nouvelles ou pages externes auxquelles on se réfère ici.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.
Updated worldwide glass market study 2020 available now for flat, container glass and tableware
We have updated our international
studies on flat glass, container glass and tableware for 2020.
This unique software provides a global overview about glass producers and
technical details. Easy to use and clear tables summarize information
and data about glass makers such as:
Glass types: flat glass, container glass, tableware,
production capacities in regions and countries,
number of furnaces, furnace types, year of construction,
glass types and sub-types, products,
project information, special news and downloads.
Further databases supplying demoscopic data and import and export data
complete the market survey. Based on these data, prepare individual
country profiles with information about local production capacities,
local market sizes and expected demand in the future.