Wednesday, October 5, 2016

Gerresheimer Q3 Profit Rises, Organic Revenues Up 1.4%; Adjusts Guidance

Gerresheimer AG (GRRMF.PK) reported that its third-quarter net income to shareholders increased to 30.9 million euros from 18.2 million euros, prior year. Earnings per share was 0.99 euros compared to 0.58 euros. Adjusted EBITDA was 84.4 million euros, an increase of 24.2% on the prior-year figure. At 22.6%, the adjusted EBITDA margin was significantly higher than the 19.8% reported in the prior-year quarter. Adjusted net income amounted to 38.7 million euros in the third quarter, compared to 29.2 million euros in the prior-year quarter. Adjusted earnings per share rose to 1.19 euros from 0.89 euros.

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