Gerresheimer reports strong first quarter - Seite 2

same time, Gerresheimer made further investments in expanding the
Peachtree City, USA, plant for the production of asthma inhalers and
other medical plastic systems. In addition, work continued on
standardizing and modernizing machinery for the manufacture of
injection vials and cartridges worldwide.

Outlook

Gerresheimer's expectations for financial year 2016 continue to be
set out in the following, in each case based on constant exchange
rates. For the US dollar-which will account for about a third of
Group revenues in 2016 going forward and is likely to have the
largest currency impact on the Group currency-Gerresheimer continues
to assume an exchange rate of approximately USD 1.12 to EUR 1.00.

In financial year 2016, the Company continues to anticipate Group
revenues of around EUR 1.5bn (plus or minus EUR 25m) on a constant
exchange rate basis. The Group revenues of around EUR 1.5bn
correspond to revenue growth of some 9% at constant exchange rates
compared with revenues in financial year 2015, and organic revenue
growth of between 4% and 5%. Adjusted EBITDA is expected to increase
to some EUR 320m (plus or minus EUR 10m) in financial year 2016.
Capital expenditure in financial year 2016 is forecast to account for
around 8% of revenues at constant exchange rates.

In addition, the Company confirmed its guidance for the financial
years 2016 to 2018, in each case stated at constant exchange rates
and assuming a US dollar exchange rate of USD 1.12 to EUR 1.00.
Gerresheimer is aiming for average annual organic revenue growth of
between 4% and 5% for the period from 2016 to 2018. For the adjusted
EBITDA margin, the Group has set a target of around 22% for financial
year 2018. In order to meet these targets, Gerresheimer will in all
probability require significantly lower annual capital expenditure of
the order of only about 8% of revenues at constant exchange rates.

The full quarterly report is available here:
www.gerresheimer.com/en/investor-relations/reports

Originaltext: Gerresheimer AG
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ISIN: DE000A0LD6E6

Contact:
Jens Kürten
Group Senior Director Communication & Marketing
Phone [phone]
Telefax [phone]
E-Mail [e-mail]
Internet www.gerresheimer.com