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Gerresheimer AG ORD (GRRMF) is an innovative provider of systems and solutions for the pharma and biotech industries. With a focus on medical systems like syringes, pens, and auto-injectors, Gerresheimer has seen strong organic revenue growth and profitability. The company offers a broad range of solutions for biopharmaceuticals and is expanding its production capacities globally to meet growing demand.
Gerresheimer AG reported a strong start to 2021, achieving revenues of EUR 303 million in Q1, a 3.1% increase year-on-year. Growth was driven by the Plastics & Devices Division, with a notable demand for syringes and pharmaceutical packaging. Adjusted EBITDA rose to EUR 54 million, reflecting a 29.3% year-on-year increase in adjusted earnings per share at EUR 0.57. The company forecasts mid single-digit revenue growth for 2021 and aims for an adjusted EBITDA margin of 22-23%. Gerresheimer is expanding production for Covid-19 vaccine vials, reinforcing its role in the pandemic response.
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