Pharmaceutical packaging manfacturer Gerresheimer stock will join the MDAX Index on 22 December 2008 as decided by the management board of the German Stock Exchange on 3 December 2008 in the course of…
Pharmaceutical packaging manfacturer Gerresheimer stock will join the MDAX Index on 22 December 2008 as decided by the management board of the German Stock Exchange on 3 December 2008 in the course of the review of the selection indices. Gerresheimer AG has been listed in the Prime Standard of the Frankfurt Stock Exchange since 11 June 2007 after one of the largest IPOs of the year, with a total issue volume in excess of EUR 900 million. On 6 September 2008, Gerresheimer was included in the SDAX Index ahead of the normal scheduling process. “Inclusion in the index confirms Gerresheimer“s outstanding development. As an MDAX constituent our company is now even more attractive for national as well as international investors and attracts the attention of the capital market to an increased degree”, said Dr. Gerresheimer CEO Axel Herberg. In the first nine months of the financial year 2008 (December 2007 to August 2008), sales increased by 12.3% to EUR 783.4 million (prior year period: EUR 697.4 million). Operating results (adjusted EBITDA) to the end of August 2008 improved by 18.1% to EUR 146.9 million (EUR 124.4 million). The adjusted EBITDA margin was 18.8%, a full percentage point higher than in the comparable period of the prior year.