Gerresheimer extends business model and increases growth forecast

  Company financial news

With the acquisition of Sensile Medical, Gerresheimer is extending its business model in the direction of an Original Equipment Manufacturer (OEM) for drug delivery platforms with digital and electronic capabilities for pharmaceutical and biopharmaceutical customers.

GerresheimerAG
Gerresheimer has secured two major orders for the manufacture of inhalers and prefillable syringes
Gerresheimer is acquiring Swiss technology company Sensile Medical AG and thus fundamentally extending its business model. The acquisition enables Gerresheimer to offer drug delivery platforms with digital and electronic capabilities for pharmaceutical and biopharmaceutical customers. “…Sensile Medical lays the foundation for a major extension of our business model in innovative application areas. We have also secured two major orders in our normal business, meaning that we can expect higher revenue growth and increased profitability in the medium term. The first half of the current financial year is going as expected, with earnings per share, in particular, performing well. We anticipate a strong second half year and have accordingly narrowed our revenue forecast to the upper end of the range,” said Rainer Beaujean, Speaker of the Management Board and Chief Financial Officer.
For the financial years 2019 and 2020 - without consideration of Sensile Medical - the adjusted EBITDA margin will therefore be temporarily reduced by approximately one percentage point, compared with the financial year 2017. This is a consequence of proportionately higher revenues in the low margin engineering and tooling business for the new major orders as well as increased expenditures for relocation, employee training and production start-up/ramp-up. 
In the years 2021 and 2022, revenues - without consideration of Sensile Medical - are expected to increase by two percentage points beyond the us...
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