Gerresheimer AG — Earnings Release 2007

Oct 17, 2007

News Details

Ad-hoc | 17 October 2007 07:51

Growth trend for Gerresheimer continues unabated – debt reduction

Gerresheimer AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by

DGAP – a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

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Growth trend for Gerresheimer continues unabated –

debt reduction

– For the nine months (to 31 August) a 46% sales increase to €697m

– For nine months almost six-fold growth in EBIT to €34.8m (€6.2m)

– Marked improvement in Adjusted EBITDA by 50% to €124m

– Substantial debt reduction and fall in interest charges since the IPO

– CEO Dr. Axel Herberg: ‘The gratifying Q3 result confirms our full-year

forecast for 2007.’

In the first nine months of its financial year (to 31 August), Gerresheimer

AG has continued its dynamic earnings and sales trend unabated. Total sales

including the consolidated Gerresheimer Wilden Group increased by 46.3% to

€697.4m (9M 2006: €476.7m). Adjusted EBITDA actually improved by 50.1% to

€124.4 (€82.9m), with a margin improvement by 0.4 percentage points to

17.8% (17.4%). In the result from ordinary activities (EBIT) there was

almost a six-fold increase in the comparable period to €34.8m (€6.2m). Cash

net income* increased due to one-off expenses (€21.0m before tax) for the

IPO by €16.6m to €0.8 (€-15.8m).

‘The gratifying operating development has completely fulfilled our

expectations,’ says Dr. Axel Herberg, CEO of Gerresheimer AG. ‘Looking at

our target for the year to achieve organic growth of 8% to 9% and an EBITDA

margin of close to 19%, we are right on track.’

Group Key figures:

€ million Q3/2007 Q3/2006 in % 9M/2007 9M/2006 in %

Sales 250.1 156.1 +60.2 697.4 476.7 +46.3

Adjusted EBITDA 44.1 28.4 +55.3 124.4 82.9 +50.1

in % of sales +17.6% +18.2% +17.8% +17.4%

Adjusted EBITA 26.6 16.4 +62.2 77.3 46.6 +65.9

in % of sales +10.6% +10.5% +11.1% +9.8%

Profit from operations 11.0 -1.2 na 34.8 6.2 na

(EBIT)

Consolidated result -5.1 -12.5 59.2 -13.1 -27.0 51.5

Cash Net Income* -1.4 -7.2 +80.6 0.8 -15.8 na

* Cash Net Income is defined as the consolidated result after minority

interests and before non-cash fair value amortization and related income

tax effects.

17.10.2007 Financial News transmitted by DGAP

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Language: English

Issuer: Gerresheimer AG

          Benrather Straße 18-20

          40213 Düsseldorf

          Deutschland

Phone: +49-(0)211/61 81-00

Fax: +49-(0)211/61 81-295

E-mail: info@gerresheimer.com

Internet: http://www.gerresheimer.com

ISIN: DE000A0LD6E6

WKN: A0LD6E

Indices: SDAX

Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in

          Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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