Navigation Links
Gerresheimer Continues Expansion Course
Date:5/23/2008

Prospects for 2008 Confirmed

Shareholders Approve Dividend Payment of EUR 0.40 per Share

DUSSELDORF, Germany, May 23 /PRNewswire-FirstCall/ -- The company ended the financial year 2007 with a positive result. In 2007 Gerresheimer achieved sales of EUR957.7m and operating earnings (adjusted EBITDA) of EUR181.6m. For the first quarter of the current financial year 2008, the company reports a sales increase of 18.2% to EUR 239.1m, with a 20.4% increase in operating earnings (adjusted EBITDA) to EUR 43.0m.

"In the past year we have expanded our regional presence with consistent focus on the high-profit business in specialty products for the pharmaceutics and life-science industry. We intend to continue this successful strategy in 2008," says Dr. Axel Herberg, CEO of Gerresheimer AG.

At the Shareholders' Meeting in Dusseldorf today, Dr. Herberg confirmed the positive prospects for 2008. In the coming year the company aims to achieve sales growth of 14%-16% and an Adjusted EBITDA margin in excess of 19%.

By a large majority the shareholders of Gerresheimer AG approved the actions of the Management Board and Supervisory Board for the financial year 2007 and a dividend payment of EUR0.40 per share. In the first year after its stock-exchange flotation Gerresheimer is therefore already distributing a sum of EUR12.6m to its shareholders.

By a large majority the shareholders also authorised the Management Board of Gerresheimer AG to issue warrant-linked bonds and convertible bonds up to the value of EUR500m in conjunction with the creation of contingent capital. They thereby supported the continued expansion course of the Dusseldorf supplier to the pharma and life-science industry.

A large number of shareholders and shareholder representatives attended the first Shareholders' Meeting of Gerresheimer AG after the IPO in June 2007, so 59% of the capital stock was represented at the Shareholders' Meeting.

Gerresheimer facts and figures

Gerresheimer employs more than 10,800 people in 41 production locations in Europe, America and Asia. In the financial year 2007, worldwide sales totalled EUR 957.7m. The product portfolio ranges from pharmaceutical vials made of glass and plastic to complex drug delivery systems for the pharma and life-science industry. It includes sterile syringes, inhalers and other system-based approaches for safe dosage and application of medicines. The Group has a leading position in markets which are characterised by high technical and regulatory barriers.

Contact Press:

Burkhard Lingenberg,

Director Corporate PR & Marketing,

Telephone +49-211-6181-250,

Telefax +49-211-6181-241,

e-mail b.lingenberg@gerresheimer.com .

Contact Investor Relations:

Anke Linnartz,

Director Corporate Investor Relations,

Telephone +49-211-6181-314,

Telefax +49-211-6181-121,

e-mail a.linnartz@gerresheimer.com .


'/>"/>
SOURCE Gerresheimer AG
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Blackstone Sells Gerresheimer Stake
2. Standard & Poors Raises Gerresheimer Rating to BB+
3. Gerresheimer Starts the Year Successfully in 2008
4. Gerhard Schulze New Chairman of the Supervisory Board of Gerresheimer AG
5. Gerresheimer Finalises Purchase of Spanish Company EDP
6. Gerresheimer Expands its Pharmaceutical Plastic Operations Into Southern Europe and South America
7. Linnartz New Head of Investor Relations of Gerresheimer
8. Growth Trend for Gerresheimer Continues Unabated - Debt Reduction
9. Gerresheimer to be Included in the SDAX Early Decision on Inclusion in the MDAX on September 5, 2007
10. Project HOPE to Send Humanitarian Assistance to China as Humanitarian Assistance to Myanmar Continues
11. AlphaRxs Indaflex(TM) Continues its Clinical Development
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2016)... , ... April 28, 2016 , ... ... is proud to partner with AquaShieldUSA, the country's oldest waterproof cast protector ... and medical supply stores, the largest selection of daily, night, weatherproof and waterproof ...
(Date:4/28/2016)... ... April 28, 2016 , ... The ... successful events, attracting medical professionals from around the globe who attended a week’s ... Opening Ceremonies Sunday, April 17 included the introduction of the 2016 ARRS Distinguished ...
(Date:4/28/2016)... ... April 28, 2016 , ... In many parts of the ... of childhood mortality. This is particularly true in underdeveloped parts of Africa where clean ... of New England’s campus in Tangier, Morocco, will examine this global health issue and ...
(Date:4/28/2016)... ... April 28, 2016 , ... ... Year at VitaFoods 2016. , Nominated in the Healthy Ageing category, Cognizin® is ... and safety. The Healthy Ageing division can include everything from antioxidants, lipids, proteins, ...
(Date:4/28/2016)... , ... April 28, 2016 , ... ... in Aesthetic Surgery Education and Anzu®, developers of the AnzuMedical™ Knowledge Sharing ... Plastic Surgery Collaborative Residency Network. The platform is scheduled to launch in July ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... , April 27, 2016 ... announced the launch of a Phase 2 clinical study ... hearing in patients undergoing cochlear implantation (CI) surgery. This ... patients in Germany and ... the middle ear at the time of surgery. "Despite ...
(Date:4/26/2016)... 26, 2016 US demand for infection ... 4.9 percent annually to $27.6 billion in 2020.  ... to decrease rates of healthcare-associated infections (HAIs) will ... and services.  Although declining, the overall rate of ... levels set by the CDC.  Recent statistics indicate ...
(Date:4/26/2016)... Bayer AG has reported first-quarter ... and amortization. The earnings are the result of a ... Xarelto and Eylea, drugs Bayer is banking on to ... date was extended by four years this week to ... to reach a value of USD 1,147.1 billion ...
Breaking Medicine Technology: