Gerresheimer Well-positioned For Further Growth

Date: 3 May 2010
Source: Gerresheimer
Financial year 2009 successfully completedGood start to the year 2010 Confirmation of guidance of 2% to 4% sales growth for 2010 with an operating margin of around 19.5%Düsseldorf, April 29, 2010 – At today’s Annual General Meeting of Gerresheimer AG wide approval was given by shareholders on all the agenda items.

The CEO Dr. Axel Herberg commented on the starting position for 2010: “We have ended the financial year 2009 with very solid figures and have made a good start to the year 2010. Gerresheimer is ideally positioned to continue on the path of success.”
 
In his speech the CEO confirmed the guidance for the current financial year with sales growth of 2% to 4% and an improvement in the operating margin (adjusted EBITDA margin) to around 19.5%.
 
At today’s meeting Dr. Axel Herberg, who is going to leave the Management Board on June 21, 2010, was elected by a large majority to the Supervisory Board with effect from September 1, 2010. His successor as CEO is going to be Uwe Röhrhoff, the Management Board member of many years standing.
 
The Annual General Meeting followed the management’s proposal to waive the payment of a dividend. The funds will instead be used for further debt reduction and exploitation of growth opportunities.
 
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