Gerresheimer achieves all targets in 2014

  Company financial news

Revenues up 1.9% (3.7% organically) to EUR 1,290.0m; adjusted EBITDA totals EUR 258.5m at constant exchange rates; earnings per share up 6.6% to EUR 2.11; proposed dividend of EUR 0.75 per share (prior year: EUR 0.70 per share); international expansion continues.

Gerresheimer
Gerresheimer brought financial year 2014 to a successful close
Gerresheimer AG, one of the leading partners to the pharma and healthcare industry worldwide, brought financial year 2014 to a successful close. “Financial year 2014 was a good year for us. We hit all of our targets. Demand for our packaging for the pharmaceutical industry remained high. Since we tap into important megatrends with our innovations and products, Gerresheimer is very well positioned for the future,” said Uwe Röhrhoff, Chief Executive Officer of Gerresheimer AG.
Pharmaceutical packaging manufacturer Gerresheimer boosted revenues by 1.9% to EUR 1,290.0m in financial year 2014 (1 December 2013 to 30 November 2014). At constant exchange rates, purely organic growth in the company’s revenues was 3.7%. Most recently, Gerresheimer had projected organic revenue growth of around 4% for 2014. The Company achieved this increase in revenues largely with plastic pharmaceutical packaging as well as products for the simple and safe administration of medicines, such as insulin pens, asthma inhalers and prefillable syringes. As expected, sales of glass pharmaceutical primary packaging slowed somewhat, particularly due to the weakness of the US market. Growth in the market for cosmetic glass packaging was restrained, while sales of laboratory glassware picked up slightly.
The company’s adjusted EBITDA came to EUR 253.4m in financial year 2014. The adjusted EBITDA of EUR 258.5m in 2014 at constant exchange rates marginally exceeded the target corridor of EUR 255m to EUR 258...

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