Gerresheimer is Growing – Your Opportunity in 2024

Last Updated: 30. November 2023By

Today I’m focusing on the stock of Gerresheimer, a company that is currently in the spotlight. Here is my analysis of the recent developments and their potential impact on the stock.

Gerresheimer on the Rise: Expansion and Innovation Gerresheimer, known for its specialty packaging, expects booming businesses. The reason for the optimism is the ongoing boom in diabetes and slimming products. With the American pharmaceutical company Eli Lilly as a partner, Gerresheimer is facing a significant growth. Eli Lilly plans to build a new factory for diabetes medications in Rhineland-Palatinate from 2024. This project signals an increasing demand for Gerresheimer products.

Six months chart of Gerresheimer Technically, Gerresheimer needs some momentum and should overcome the blue 50-day line and red 200-day line. (Source: Stock Screener)

Strategic Expansion: New Production Sites Another important step for Gerresheimer is the expansion of production capacity. With the first spade in the Mexican Queretaro, the company started the expansion of a plant. The aim is to significantly increase the capacity for „Ready-to-Fill“ syringes. These syringes are essential for the injection of biopharmaceutical products. The new production site, which is to be completed by mid-2024, will cost around 100 million euros and create 270 new jobs.

The Future of Gerresheimer Gerresheimer is continuing to develop and is increasingly positioning itself as a provider of innovative active ingredient administration systems. The focus on the biopharmaceutical market and innovative drugs such as GLP-1 promises increasing demand. In the third quarter, orders worth 70 million euros were already recorded. This development will increasingly be reflected in the company’s turnover and results in the coming years.

Conclusion Gerresheimer has an exciting future ahead of it. The company is not only expanding geographically, but is also developing product-wise. With a strong focus on the growing market for diabetes and slimming products, coupled with innovative solutions for the administration of medicines, Gerresheimer is well positioned to benefit from this trend.