Gerresheimer starts the financial year 2012 with strong grow

Gerresheimer AG, one of the leading worldwide partners of the pharma and healthcare industry, achieved strong growth in revenues in the first quarter of the financial year 2012. “We’ve got off to a very good start and are able to report excellent growth in revenues. Global demand for pharmaceutical packaging and products for the safe and reliable administration of medications is very high,“ said Uwe Röhrhoff, Chief Executive Officer of Gerresheimer AG.

Its revenues increased by 13.6 percent to EUR 268.8m. Currency effects had no impact on revenues. Core business operations, comprising pharmaceutical primary packaging products and medical devices made of glass and plastic, made an important contribution to this growth. "However, the cosmetics and laboratory glass businesses also had a positive start to the year," the company informed. Gerresheimer’s adjusted EBITDA was EUR 44.3m in the first quarter of 2012, which is 6.2 percent higher than the prior year figure.

“We are continuously expanding our operations in the emerging markets. Our most recent acquisition of the Indian company Neutral Glass is an important milestone in our efforts to build our presence in the fast-growing Indian market,“ explained Uwe Röhrhoff.

On April 2, 2012, Gerresheimer has signed a contract on acquiring a majority shareholding in the Indian company Neutral Glass. The closing is expected in the short term.

Outlook

Gerresheimer has uplifted its revenue growth forecast for the 2012 financial year to reflect the sharp increase in revenues at the beginning of the year and the acquisition of the Indian company. It is now expecting 7 to 8 percent revenue growth at constant exchange rates during 2012. At the beginning of the year, the revenue growth forecast was 5 to 6 percent.

About Gerresheimer

Gerresheimerrealizes revenues of around one billion euros and has more than 10,000 employees at 47 locations in Europe, North and South America and Asia.