Organic growth: Revenues +2.8%, adjusted EBITDA +5.9%
Capacity expansion in the Americas, Europe and Asia progresses according to plan
Guidance confirmed
Düsseldorf, April 11, 2024 Gerresheimer, an innovative systems and solutions provider and a global partner for the pharma, biotech and cosmetic industries, continued its profitable growth trajectory in the first quarter of 2024 with organic revenue growth of 2.8% and an organic increase in adjusted EBITDA of 5.9%. This positive development was fueled primarily by the performance of the Plastics & Devices Division. Revenues came to EUR 466.1m (Q1 2023: EUR 457.8m), with adjusted EBITDA standing at EUR 80.9m (Q1 2023: EUR 78.0m). The adjusted EBITDA margin improved organically by 50 basis points to 17.3% year on year (Q1 2023: 16.8%). The margin expansion reflects a favorable product mix with a higher share of innovative and customized solutions. Global capacity expansion, including for syringes, pens and auto-injectors, is progressing according to plan. The Management Board has confirmed its guidance for the financial years 2024 and 2025, as well as the mid-term outlook. In 2024, Gerresheimer expects to generate organic revenue growth of between 5 and 10%, as well as adjusted EBITDA of between EUR 430m and 450m.
