Navigation Links
Gerresheimer Substantially Increases Quarterly Operating Profit
Date:10/15/2008

DUSSELDORF, Germany, October 15 /PRNewswire-FirstCall/ --

- Sales in the Third Quarter up by 7.2% to EUR268.0m

- Adjusted Group Results More Than Doubled in the Third Quarter of 2008 From EUR7.4m to EUR16.5m

- Sales Process Started for Technical Plastics Business

- CEO Dr. Axel Herberg Confirms the Outlook for 2008

Gerresheimer AG again achieved a substantial increase in sales and operating results in the third quarter of 2008. Overall, sales by the globally operating manufacturer of special products for the pharma & life science industry totalled EUR268.0m (Q3 2007: EUR250.1m). This is equivalent to growth of 7.2%. On a like-for-like exchange-rate basis sales actually increased by 10.2%. Operating results (Adjusted EBITDA) improved by 14.1% to EUR50.3 m (prior year: EUR44.1m). The adjusted EBITDA margin increased to 18.8% from 17.6%. In the third quarter the sale process for the Technical Plastics business was commenced. This led to non-scheduled depreciation of EUR33.0m, resulting in a negative consolidated result of EUR22.8m for the third quarter. Gerresheimer takes this charge in anticipation of the possible book loss on the sale. The depreciation has no effect on cash flow or operating results. The adjusted net income, which reflects the company's operating profitability, more than doubled in comparison with the prior-year quarter to EUR16.5m (Q3 2007: EUR7.4m). The same applies for adjusted earnings per share, which were substantially higher in the third quarter of 2008 at EUR0.52 (Q3 2007: EUR0.22).

"By focussing on the markets of pharma & life science we have again realised above-average growth this quarter. Gerresheimer is bucking the current negative trend in the global economy and shows that we are a strong company which continues to grow profitably even in difficult times," says Dr. Axel Herberg, Chief Executive Officer of Gerresheimer AG.

The positive result for the third quarter of 2008 is also re
'/>"/>

SOURCE Gerresheimer AG
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related biology technology :

1. Gerresheimer Starts Process to Sell off its Business Segment of Technical Plastics
2. Gerresheimer Further Increases its Sales and Earnings Power
3. Gerresheimer Discontinues Marginal Operations
4. Moodys Raises Rating for Gerresheimer
5. Gerresheimer: Record Year in 2007 and Positive Outlook for 2008
6. 2007 Another Record Year in Terms of Sales and Earnings for Gerresheimer
7. Yves Lionel Assant is New Chairman of Gerresheimers Supervisory Board
8. AFFiRiS - MIG-Fonds Increases Investment by Euro 3 Million
9. OncoGenex increases economic interest in lead cancer drug OGX-011
10. Synvista Therapeutics Increases Commercial Focus by Appointing David C. Tantillo Senior Director of Marketing and Sales
11. New Dual Cold Probe From Varian, Inc. Increases Sensitivity and Reduces Analysis Times for 13C NMR Experiments

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/27/2009)... Stallergenes has been,g...oth adults and children,through a Mutual Recogniti...lair(R) has been marketed, was the reference Membe...n Austria, Belgium, Bulgaria, Cyprus, the,Czech Re... Ireland, Italy,Latvia, Lithuania, Luxembourg, Ma...
(Date:11/25/2009)...or to Speak at Economic Club of Canada , ...5, 2009 -- Ambassador to Speak at Economic Club of...ador for International Investment, and Chairman an...ography of David Appia go to www.investinfrance.o... meet with press to discuss recent pro-business in...
(Date:11/25/2009)...RNewswire-FirstCall/ -- Ardea Biosciences, Inc. (N..., Pharm.D., president and chief executive officer,...lth Care Conference. , ,Presentation details are ... Conference,Date: Tuesday, December 1, 2009,T...w York Palace Hotel, New York, NY,Webcast: <a h...
(Date:11/24/2009)..., Nov. 24 Two more prestigious uni...n,s leading online job board and careers site for ... Columbia University are now members of the job bo...Institutions. ,, The job board, www.biocareerc... sciences. While there are hundreds of life scienc...
Breaking Biology Technology:STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 2STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 3French Ambassador for International Investment to Visit Toronto December 11 2Ardea Biosciences to Present at the Piper Jaffray 21st Annual Health Care Conference 2Two Major Universities Join Nation's Leading Postgrad Bio Job Board 2
... GRAND RAPIDS, Mich., Feb. 19 The West Michigan S...g exhibitor applications from,life science compani...wcase, Night at the Museum, to be held Thursday, A...ing regional exhibitors from across the life,scien...n pharma research to,established manufacturers of ...
...ation announced today that it has entered into a m..., a wholly-owned subsidiary of Danone and a,leadin...nder the terms of,the agreement, Martek will serve... and microbially-derived DHA needs for infant form...ve non-microbial DHA sources. The,agreement provid...
...aq: NGSX ), a biopharmaceutical company focused o...unced today that it is scheduled to present,at the... Conference in,Laguna Niguel, CA on February 20, 2...e Officer, will be presenting and Stephen Ghiglier...espond to questions during the,break out session.,...
Other Biology Technology:West Michigan Science & Technology Initiative Seeks Exhibitors for Annual Life Science Showcase 2Martek Signs Multi-Year Sole-Source Supply Agreement with Numico 2NeurogesX to Present at Roth 2008 OC Growth Stock Conference 2NeurogesX to Present at Roth 2008 OC Growth Stock Conference 3
(Date:11/23/2009)...trong evidence that the "synergistic" effect of ea...pollution and indoor endotoxin causes more harm to...lone. , Environmental health scientists at the... have shown that children exposed to both high lev...xin during early life are six times more likely to...
(Date:11/23/2009)...servation Society says that western lowland gorill...opart of the "mother lode" of more than 125,000 go...ly threatened by growing humans activity in the re...wamp forests adjacent to the southwest border of L...rmed that high densities of the great apes still e...
(Date:11/23/2009)...cine available for the H1N1 virus has been sent to...he vaccination marks the first time vaccine has be...c flu., Iowa State University,s Hank Harris, pro...is summer and has been shipping preventive doses t... several weeks., The latest vaccines were shippe...
Breaking Biology News(10 mins):Exposure to both traffic, indoor pollutants puts some kids at higher risk for asthma later 2A year after discovery, Congo's 'mother lode' of gorillas remains vulnerable 2Iowa State researcher produces, ships only H1N1 vaccine available for swine 2This October Lady Foot Locker Is Fashioned for a Cause 58925 1This October Lady Foot Locker Is Fashioned for a Cause 58925 2Doctors Don 26apos 3Bt Always Know Best 3A The Rise of e Patients Offers a New Prescription for Resounding Health 58922 1Doctors Don 26apos 3Bt Always Know Best 3A The Rise of e Patients Offers a New Prescription for Resounding Health 58922 2Doctors Don 26apos 3Bt Always Know Best 3A The Rise of e Patients Offers a New Prescription for Resounding Health 58922 3KTA Capital Advises SpringTree Global Investors on an AU 247 2 Million Investment in HealthLinx Ltd 58917 1KTA Capital Advises SpringTree Global Investors on an AU 247 2 Million Investment in HealthLinx Ltd 58917 2
...pull between the promise of victory and the dread ...ted in the brain,s architecture, according to a ne...in and Creativity Institute have identified distin... , Both regions are located in the prefrontal cor...sis and planning. , By giving volunteers a task ...
...October 2008 The European Molecular Biology Organ...of EMBO Molecular Medicine , a new journal dedica...ace between molecular biology and clinical researc...h original research offering molecular insights in...ned human diseases as well as potential clinical a...
...alif., Oct. 8 Lee Shupp, executive VP,at Cheskin ...onsumer,expectations and imaging technologies are ...he upcoming 6Sight(R) Future of Imaging Conference... Center, in Monterey Calif. The,conference will ex...hcoming,imaging technologies on businesses, homes,...
Other Biology News:Risk and reward compete in brain 2Cheskin Added Value EVP Lee Shupp Discusses Evolving Dynamics of Consumers and Imaging Tech at 6Sight 2
...is an evolutionarily conserved form of cell suicid...The central component of this process is a cascade...zymes participate in a series of reactions that ar...nd result in the cleavage of protein substrates, c...
...ron(TM) Gene Knockout System provides optimized re...sruption of bacterial genes by insertion of group ...ility of group II introns and utilizes a simple PC...for specific insertion into the host genome. Utili...
Mouse Anti-Human PPIL2 Monoclonal Antibody, Unconjugated, Clone 2E11 from Abnova Corporation
Mouse Anti-Human QARS Monoclonal Antibody, Unconjugated, Clone 5F5 from Abnova Corporation
Biology Products: