Click here to close now.

Welcome!

News Feed Item

Gerresheimer Presents Strong Results for Financial Year 2013

DUSSELDORF, Germany, February 13, 2014 /PRNewswire/ --

  • Revenues up 3.8%, at constant exchange rates up 5.8%, to EUR 1,265.9m
  • Adjusted EBITDA gains 4.1% on prior year, totaling EUR 249.8m, EUR 254.0m at constant exchange rates
  • Adjusted earnings per share rise by 17.6% to EUR 3.08
  • Capital market guidance met in full
  • Proposed dividend: EUR 0.70 per share (prior year: EUR 0.65 per share)
  • Targeted investment the key to success

Cross reference:

The full press release including tables is available at:

http://www.presseportal.de/pm/9072/gerresheimer-ag?keygroup=dokument

Gerresheimer AG, one of the leading partners to the pharma and healthcare industry worldwide, brought financial year 2013 to a successful close. "2013 was a rewarding year for us.We met all the targets we set ourselves. At the beginning of financial year 2014, we sharpened our organization's customer focus. We are investing in highly promising growth projects, further improvements in quality and the internationalization of our business. These are important steps in setting the course for our future," said Uwe Röhrhoff, Chief Executive Officer of Gerresheimer AG.

Gerresheimer increased revenues in financial year 2013 (December 1, 2012 to November 30, 2013) by 3.8% to EUR 1,265.9m. At constant exchange rates, this corresponds to growth of 5.8%. Business with the pharma industry once more showed strong growth and broad cyclical resilience. Revenue gains were likewise generated with cosmetics packaging. Sales volumes were solely down in the area of laboratory glassware due to weak market demand in North America. Gerresheimer generates some 83% of revenues with products for the pharma and healthcare industry.

The Company increased adjusted EBITDA by 4.1% in financial year 2013 to EUR 249.8m. At constant exchange rates and including EUR 7.5m in other operating income, this corresponds to EBITDA of EUR 254.0m. The adjusted EBITDA margin came to 19.7%, as in the prior year. Net income went up by 0.3% to EUR 68.5m. Adjusted net income climbed 17.2% to EUR 103.5m. Earnings per share stayed at EUR 1.98. Adjusted earnings per share amounted to EUR 3.08, an increase of 17.6%.

Gerresheimer's capital expenditure in financial year 2013 was EUR 119.1m (2012: EUR 118.9m). The Company is notably further expanding production capacity for drug delivery systems such as prefillable glass syringes, insulin pens and asthma inhalers. A second focus is on growth in emerging markets. In December 2012, Gerresheimer took over Triveni in India, a leading maker of plastic pharmaceutical packaging products. The third focus of capital expenditure is on further improving product and production process quality.

Outlook

The Company currently anticipates revenue growth of 4% to 6% at constant exchange rates for financial year 2014. Adjusted EBITDA at constant exchange rates is expected to be between EUR 250m and EUR 265m. Capital expenditure in financial year 2014 will be on a par with the past financial year, meaning around 9% to 10% of revenues.

"Our ongoing high level of investment in capacity expansion, new products, continuous quality improvement and production locations in emerging markets is the key to our success. 2014 is going to be a highly promising and interesting year for us in which we are aiming at further organic growth. Customer demand for our reliable, high-quality pharmaceutical packaging products and drug delivery systems continues to grow. We will once again make selective additions in 2014 in the USA, India, China and Europe, and we have already launched projects to that end," said Uwe Röhrhoff.

At the Annual General Meeting on April 30, 2014, the Management Board and Supervisory Board of Gerresheimer AG will be proposing that a dividend of EUR 0.70 per share be paid out for financial year 2013 (prior year: EUR 0.65 per share). This represents a payout ratio of almost 23% of adjusted net income after non-controlling interests.

You find the annual report 2013 here:

http://www.gerresheimer.com/en/investor-relations/reports

Gerresheimer AG
Benrather Strasse 18 - 20
40213 Düsseldorf
Germany

Jens Kürten
Director Corporate Communication & Marketing
Telephone +49-211-6181-250
Fax +49-211-6181-241
E-Mail [email protected]
Internet http://www.gerresheimer.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...