- Gerresheimer ( OTCPK:GRRMF ) said on Wednesday that it reaffirms its guidance for its financial year 2022 after delivering a solid second quarter in line with plan.
- It said in a statement, "Firmly on track to deliver at least 10% organic revenue growth with high single-digit organic growth in adj. EBITDA and adj. EPS in FY2022."
- Q2 generated revenues of €445M, representing organic revenue growth of 13.0%, builds on strong Q1 performance.
- Q2 Adjusted EBITDA rose to €90M, an organic increase of 5.1 %. Adjusted earnings per share increased from €1.28 to €1.34.
- The Germany-based firm said good momentum and strong order intake provide good visibility for second half.
- The company also issued mid-term guidance (core business, currency-adjusted), expects high single-digit organic revenue growth; organic adjusted EBITDA margin of 23-25% and Adjusted EPS growth of at least 10%.
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Gerresheimer reaffirms FY22 guidance after solid Q2