Gerresheimer jumps on Schott Pharma's Q3 beat

SCHOTT Pharma AG & Co KgaA

29/08/2024 11:25

** Shares of German medical packaging devices maker
Gerresheimer  GXIG.DE  rise 8% after Schott Pharma  1SXP.DE 
reported a Q3 beat, raised FY sales guidance
    ** Analyst from Berenberg Victoria Lambert points to signs
of end in destocking as well as gradual recovery in vial orders
    ** "We think this will help to provide investors with
incremental confidence in seeing a recovery in the vials
market," JP Morgan says
    ** Shares of Schott Pharma jump 13.4%, on track for best day
ever
    ** Gerresheimer in July reported Q2 results in line with
expectations and confirmed FY guidance

 (Reporting by Anastasiia Kozlova, Amir Orusov and Louis van
Boxel-Woolf)
 ((Anastasiia.Kozlova@thomsonreuters.com))