Gerresheimer AG, a leading provider of healthcare & beauty solutions and drug delivery systems for pharma, biotech and cosmetics, confirms guidance for its financial year 2022 after another quarter of strong and profitable growth.
“Gerresheimer continues on its profitable growth path across all our divisions, business segments and regions reflecting our strong market positions,” said Dietmar Siemssen, CEO of Gerresheimer AG. “While steering successfully through a challenging environment, we are consistently pursuing our growth strategy and are boosting our transformation process to become a solution provider and system integrator. We are on track to deliver on our financial year 2022 guidance, and we are clearly committed to our mid-term targets.”
In the third quarter of its financial year 2022, Gerresheimer generated revenues of EUR 473 million, representing organic growth of 17.4 percent. Both the Plastics & Devices and Primary Packaging Glass divisions contributed profitable double-digit revenue growth as the investments in key growth drivers, such as High Value Solutions, capacity and regional expansion as well as contract manufacturing are paying off as envisaged.
Due to strong growth in High Value Solutions along with rigorous price adjustments, the adjusted EBITDA grew from EUR 75 million by EUR 16 million to EUR 91 million. Currency adjusted this represents an organic growth of 13.3 percent. Adjusted earnings per share (EPS) rose from EUR 0.97 to EUR 1.15, showing an organic growth of 10.1 percent. Gerresheimer reaffirms its guidance for the financial year 2022 for organic revenue growth of at least 10 percent and high single-digit organic growth in adjusted EBITDA and adjusted EPS.
Gerresheimer has been implementing a broad range of measures to manage inflationary impacts and to ensure continuity of the supply of its system relevant solutions and services. It has long-term energy supply agreements in place which offer a very competitive cost position. Gerresheimer also continues to improve its energy mix through the consistent implementation of its sustainability strategy.
The report is available here.