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Gerresheimer AG — Earnings Release 2009
Jul 15, 2009
179_rns_2009-07-15_b637eae3-47ba-444b-9da7-ae1df84c12a6.html
Earnings Release
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News Details
Ad-hoc | 15 July 2009 07:31
Gerresheimer AG: Gerresheimer adjusts guidance for the financial year 2009
Gerresheimer AG / Profit Warning
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.
Gerresheimer AG has revised the expectations for the development of the
Group in the current financial year 2009.
For Gerresheimer's business in pharmaceutical packaging and systems, growth
continues to be expected, but slightly weaker as a result of inventory
reductions by some customers. Compared with previous expectations, the
cyclical markets of cosmetics and laboratory glassware show a
longer-lasting fall in demand.
The guidance in February 2009 has therefore been revised.
For the financial year 2009 the expected sales growth is now +1% to -3%
(previously +6% to +7%) or at constant exchange rates 0% to -4% (previously
+3% to +4%). The adjusted EBITDA margin is now expected to be between 18.0%
and 18.5% (previously 19.0% to 19.2%). The capital expenditure volume will
decrease from the previously announced level of 100 - 105m Euro to 85 -
90m Euro.
The guidance in February 2009 and the new guidance relate to the business
of the Gerresheimer Group excluding the Technical Plastics business, which
has now been sold. In addition, the tool business - which has also been
sold - is excluded from the new guidance, and exchange rate developments
are taken into account. The growth rates are based on comparable sales of
986m Euro in the financial year 2008.
Gerresheimer AG
The Management Board
15.07.2009 Financial News transmitted by DGAP
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: [email protected]
Internet: http://www.gerresheimer.com
ISIN: DE000A0LD6E6
WKN: A0LD6E
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg,
Stuttgart
End of News DGAP News-Service