Plastics help Gerresheimer achieve solid quarterly results

EUROPEAN PLASTICS NEWS

Published: July 10, 2013 12:37 pm ET
Updated: July 10, 2013 12:39 pm ET

Related to this story

Topics Medical, Injection Molding

Gerresheimer AG, the Germany-based medical packaging specialist, says a strong performance from the Plastic Systems division meant the company sustained a solid second quarter this year.

Revenues during the second quarter of 2013 increased 4.2 percent to 327.1 million euros, reflecting strong sales of plastic insulin pens and inhalers. Triveni Polymers Ltd. Pvt., the Indian plastic packaging firm acquired by Wackerdorf, Germany-based Gerresheimer in December, also contributed to the increase in revenues.

There was also a slight increase in earnings before interest, taxes, depreciation and amortization (EBITDA), which went up 0.5 percent from the same period last year, and net income, which increased 0.9 percent.

However, EBITDA margin was 18.3 percent compared to 19 percent in the same quarter in 2012. Gerresheimer said the decrease was due to the anticipated high cost of improving production of prefillable syringes at a German plant, as well as problems at a glass ampoule plant in Mexico.

Looking forward, the firm still expects revenue growth of 5-6 percent in 2013. EBITDA will total 245 million to 250 million euros over the year, the company predicts.


Comments

Plastics help Gerresheimer achieve solid quarterly results

EUROPEAN PLASTICS NEWS

Published: July 10, 2013 12:37 pm ET
Updated: July 10, 2013 12:39 pm ET

Post Your Comments


Back to story


More stories

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture...    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Image

Indiana injection molder PRD expands

November 24, 2014 1:56 pm ET

Automotive supplier PRD Inc. is expanding its manufacturing facility in Springville, Ind.    More

Image

PET brought the water bottle revolution

November 24, 2014 6:00 am ET

The single-serve plastic water bottle is ubiquitous in today's culture. But that hasn't always been the case. Not by a long shot.    More

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-mounted...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events