Gerresheimer expecting recovery in second half of 2017
After a moderate second quarter, Gerresheimer AG expects revenues to recover in the second half of the year. “Revenues decreased slightly in the second quarter as anticipated. We expect that our business will visibly pick up again, especially in the fourth quarter,” said Uwe Röhrhoff, CEO of Gerresheimer AG.
In the second quarter of the financial year 2017 (March 1, 2017 to May 31, 2017), Gerresheimer generated revenues of EUR 339.5m, 2.2% lower than the EUR 347.3m recorded in the prior-year quarter. On an organic basis – meaning at constant exchange rates and adjusted for acquisitions and divestments – revenues decreased by 3.7%.
In line with expectations, there was lower demand for medical plastic systems from a number of pharma customers where Gerresheimer is the sole supplier. This effect was amplified by postponements of customer orders in the inhalation business from the first to the second half-year. Engineering and tooling for medical plastic systems also generated lower revenues in the second quarter than in the prior-year quarter. Temporary intra-year fluctuations are normal and essentially track the billing of large-scale customer projects. Sales of plastic packaging for solid and liquid...
In the second quarter of the financial year 2017 (March 1, 2017 to May 31, 2017), Gerresheimer generated revenues of EUR 339.5m, 2.2% lower than the EUR 347.3m recorded in the prior-year quarter. On an organic basis – meaning at constant exchange rates and adjusted for acquisitions and divestments – revenues decreased by 3.7%.
In line with expectations, there was lower demand for medical plastic systems from a number of pharma customers where Gerresheimer is the sole supplier. This effect was amplified by postponements of customer orders in the inhalation business from the first to the second half-year. Engineering and tooling for medical plastic systems also generated lower revenues in the second quarter than in the prior-year quarter. Temporary intra-year fluctuations are normal and essentially track the billing of large-scale customer projects. Sales of plastic packaging for solid and liquid...
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