Düsseldorf (ots) –
– Cross reference: The full press release including tables is
available at http://www.presseportal.de/dokumente -
– 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
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 Gerresheimer AG.
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.
Outlook
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
Pressekontakt:
Jens Kürten
Director Corporate Communication & Marketing
Telephone +49 211 6181-250
Fax +49 211 6181-241
E-Mail j.kuerten@gerresheimer.com
Internet www.gerresheimer.com
Quelle: http://www.presseportal.de/pm/9072/2194649/gerresheimer-achieves-high-growth-in-the-2011-financial-year/api