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Gerresheimer Achieves Sales Target for Fiscal 2009
Posted: February 10, 2010
For fiscal 2009, packaging supplier Gerresheimer achieved its sales goal and a better than expected profit margin, with group sales reaching €1 billion. The company's cosmetics business, however, did suffer a fall in sales.
“Overall, we have demonstrated our stability and profitability in a difficult environment," said Axel Herberg, CEO, Gerresheimer. "We have successfully managed to create the conditions for future growth through targeted investments in our product portfolio and new plants throughout the world.”
While Gerresheimer again expects growth for the pharma market, the outlook for cosmetics and its life science research business is more difficult. The management board expects a sales increase of 2–4% for the current fiscal year.
Additionally, the company announced that Herberg is not seeking reappointment and will leave the management board when his contract expires in June 2010. The supervisory board appointed Uwe Röhrhoff as Herberg's replacement.