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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
- Organic Group revenue growth of 7.5 %, and 7.1 % in core business
- Solutions for biotech drugs and high-value solutions continue to drive revenues increase
- Organic adjusted EBITDA margin at 22.8 % in core business
- Adjusted earnings per share up organically by 19.1 % to EUR 1.28
- Guidance confirmed for the financial year 2021
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):
- Revenue growth in the mid-single-digit percentage range
- Adjusted EBITDA margin between 22 % and 23 %
- Adjusted earnings per share to improve by around 10 %
Medium term (core business, net of currency effects):
- Revenue growth in the high single-digit percentage range
- Adjusted EBITDA margin of around 23 %
- Adjusted earnings per share to improve by at least 10 % per year
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
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.
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