Revenues 2011 of EUR 1,094.7m, growth of 7.8 percent at constant exchange rates
Adjusted EBITDA margin at 19.9 percent
Net income of EUR 54.4m following 16.5 percent growth, which is twice as
high as growth in revenues
Proposed dividend: EUR 0.60 per share
DÜSSELDORF, Germany, Feb. 8, 2012 /CNW/ - Gerresheimer AG, one of the
leading global partners to the pharma and healthcare industry, has
closed the 2011 financial year with strong growth in revenues and
profits. "Our revenues and profits have developed very positively in
2011. Further growth is one of our objectives for 2012, particularly
with our products for the convenient and safe administration of
medications. We will also be pushing ahead with the expansion of our
business in the emerging markets," said Uwe Röhrhoff, CEO of
In the 2011 financial year (December 1, 2010 to November 30, 2011),
Gerresheimer recorded substantial revenue growth of 6.8 percent to EUR
1094.7m. At constant exchange rates revenues grew by 7.8 percent. This
positive revenue development was particularly evident in the company's
core business of pharmaceutical primary packaging products and medical
devices made of glass and plastics. The cosmetic glass' revenue
performance was also good.
Gerresheimer increased its adjusted EBITDA by 6.3 percent compared with
the prior year to EUR 217.3m in 2011. The adjusted EBITDA margin
reached 19.9 percent. In the prior year the margin was 20.0 percent.
Net income rose by 16.5 percent, which is twice the rate of revenue
growth, to EUR 54.4m (prior year: EUR 46.7m). This corresponds to
earnings per share of EUR 1.61 (prior year: EUR 1.38). Adjusted
earnings per share increased by 25.1 percent to EUR 2.44.
In March 2011, Gerresheimer became the leading supplier of
pharmaceutical plastic packaging products and closures in the
fast-growing South American market through its acquisition of the
Brazilian company Vedat.
Long-term financial stability is assured as a result of the decision to
implement Group refinancing ahead of schedule in spring 2011. This
financial stability, plus the cash flow surpluses, provides adequate
scope for further growth.
"We achieved all of our objectives in 2011 and our position is better
than ever before. We want our shareholders to participate in our
Company's success so we will be proposing a dividend of EUR 0.60 per
share at the Annual General Meeting," said Röhrhoff.
For the financial year 2012 Gerresheimer is expecting growth in revenues
at constant exchange rates of five to six percent. Assuming an average
exchange rate of 1.00 Euro being equivalent to 1.30 US Dollar this
translates into nominal revenue growth of seven to eight percent. The
Company assumes an adjusted EBITDA margin of around 19.5 percent.
Investments of around EUR 100 million are scheduled for 2012.
The Management Board and Supervisory Board of Gerresheimer AG will
propose the payment of an EUR 0.60 dividend per share in respect of the
2011 financial year at the Annual General Meeting. In the prior year,
the dividend was EUR 0.50 per share. Dividends are payable tax-free due
to Gerresheimer AG's tax situation.
You can read the online annual report at: http://geschaeftsbericht2011.gerresheimer.com
- Cross reference: The full press release including tables is available
SOURCE Gerresheimer AG
For further information:
Benrather Strasse 18 - 20
Director Corporate Communication & Marketing