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12.04.2012 – 07:31

Gerresheimer AG

Gerresheimer starts the financial year 2012 with strong growth in revenues

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Dusseldorf, Germany (ots)

- Group revenues climb 13.6 percent to EUR 268.8m in Q1 2012 
- Adjusted EBITDA rises by 6.2 percent to EUR 44.3m 
- Adjusted earnings per share up to EUR 0.32
- Acquisition of Indian company Neutral Glass strengthens position in
the emerging markets
- Revenue forecast for 2012 raised two percentage points to between 7
and 8 percent at constant exchange rates

   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.



Gerresheimer has experienced particularly strong growth in revenues
in the first quarter of the 2012 financial year (December 1, 2011, to
November 30, 2012). 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.

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. The 
adjusted EBITDA margin was 16.5 percent in Q1 2012, which is down 
from 17.7 percent in the prior year's first quarter. Net income of 
EUR 6.8m is slightly below the prior year's EUR 7.1m. Earnings per 
share were EUR 0.16 (prior year: EUR 0.20). Adjusted earnings per 
share have increased by EUR 0.02 to EUR 0.32 compared with the same 
prior year quarter. 

"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. Neutral Glass is a leading 
manufacturer of glass pharmaceutical primary packaging products. In 
the 2010/11 financial year, Neutral Glass generated annual revenues 
of approximately EUR 15m and it has some 600 employees. After opening
a Sales & Service Office in Mumbai in 2010, the acquisition of a 
company with local production was a strategically important move for 
Gerresheimer. 

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. The adjusted EBITDA margin forecast 
remains the same at about 19.5 percent. An investment volume of 
around EUR 100m is still budgeted for the 2012 financial year.


Further information on Neutral Glass can be found: 
http://ots.de/LDbr5
;


You can read the online annual report at:
http://annualreport2011.gerresheimer.com

Contact:

Jens Kürten
Director Corporate Communication & Marketing
Phone +49 211 6181-250
Fax +49 211 6181-241
j.kuerten@gerresheimer.com

Original content of: Gerresheimer AG, transmitted by news aktuell

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