{"id":2790,"date":"2024-10-01T09:42:36","date_gmt":"2024-10-01T13:42:36","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=2790"},"modified":"2024-10-01T09:42:36","modified_gmt":"2024-10-01T13:42:36","slug":"gerresheimer-sees-1-5-revenue-growth-in-9m-fy24","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=2790","title":{"rendered":"Gerresheimer sees 1.5% revenue growth in 9M FY24\u00a0"},"content":{"rendered":"


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For full-year 2024, adjusted EPS is now anticipated to grow by 2% to 8%. Credit: T. Schneider via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Gerresheimer<\/a>, a provider of systems and solutions in the packaging sector, has reported a 1.5% increase in revenue, reaching \u20ac1.46bn ($1.63bn) for the first nine months (9M) of financial year 2024 (FY24).\u00a0\u00a0<\/p>\n

This performance marks a slight rise from \u20ac1.44bn recorded during the same period in the previous fiscal year.\u00a0\u00a0<\/p>\n

The company\u2019s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw an uptick, standing at \u20ac292.7m compared to \u20ac285.2m in the first nine months of FY23.<\/p>\n

Meanwhile, Gerresheimer\u2019s adjusted EBITDA margin (currency-adjusted) improved marginally to 20.0% in 9M FY24, up from 19.8% in the corresponding period of the previous year.\u00a0\u00a0<\/p>\n

This growth has been attributed to the success of the company\u2019s Plastics & Devices division, which experienced a surge in demand for innovative and customised solutions.\u00a0\u00a0<\/p>\n

However, Gerresheimer\u2019s Primary Packaging Glass division faced challenges due to ongoing destocking effects.\u00a0<\/p>\n

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