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Gerresheimer Q2 profit rises to 29.4 million euros

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Staff Writer | July 7, 2016
Pharmaceutical packaging manufacturer Gerresheimer reported that its second-quarter net income to shareholders increased to 29.4 million euros, compared to 20.3 million euros, a year earlier.
Gerresheimer   Adjusted earnings per share were over 34.5 percent
Earnings per share was 0.94 euros compared to 0.65 euros. Adjusted net income was 37.7 million euros in the second quarter, compared to 29.2 million euros in the prior-year quarter. Adjusted earnings per share were over 34.5% up on the prior-year quarter, climbing to 1.13 euros from 0.84 euros.

Adjusted EBITDA increased by 17.5% to 84.7 million euros. The adjusted EBITDA margin, at 22.8% in the second quarter, was significantly higher than the 20.2% reported in the prior-year quarter.

Revenues increased by 4.0% to 370.5 million euros in the second quarter of financial year 2016. The company reported that, on an organic basis, meaning adjusted for exchange rate effects, acquisitions and divestments, revenues held their level from the prior-year quarter.

"All key earnings indicators show double-digit growth and the revenue trend is in line with our expectations. I am optimistic for the second half of the year," said Uwe Röhrhoff, CEO of Gerresheimer AG.