Finance
German financial watchdog probes gerresheimer amid possible accounting violations
Published by Global Banking & Finance Review®
Posted on March 10, 2026
1 min readLast updated: March 10, 2026
Quick Summary
Germany’s financial regulator BaFin has launched an audit into Gerresheimer’s interim consolidated statements covering December 1, 2024 to May 31, 2025, citing concrete evidence of accounting regulation violations. The probe expands scrutiny to revenue recognition, lease liabilities and possible imp
German financial watchdog probes Gerresheimer amid possible accounting violations
Overview of BaFin's Investigation into Gerresheimer
Initiation of Audit
March 10 (Reuters) - Germany's financial watchdog BaFin has initiated an audit of Gerresheimer's consolidated interim financial statements dated from December 1, 2024 to May 31, 2025, it said in a statement on Tuesday.
Evidence of Accounting Violations
"The German Federal Financial Supervisory Authority has concrete evidence that Gerresheimer AG has violated accounting regulations," BaFin said in a statement.
Expansion of Audits
BaFin said it had expanded ad hoc audits of the consolidated financial statements of Gerresheimer as of November 30, 2024, citing concrete indications that the company had violated further accounting regulations.
Background of the Investigation
The German financial watchdog started investigating the packaging and medical equipment maker in September, as the company may have recognized revenue for some contracts with customers before the revenue was actually realised.
(Reporting by Tristan Veyet in Gdansk, editing by Friederike Heine and Milla Nissi-Prussak)
Key Takeaways
- •BaFin’s expanded audit now spans both 2024 full-year figures and the half‑year ending May 31, 2025, focusing on mis‑booked “bill‑and‑hold” revenues, lease liabilities and development costs (ad-hoc-news.de)
- •Gerresheimer faces required corrections of ~€35 million in revenue and ~€24 million in adjusted EBITDA from 2024, with further impairments (€220–240 million) impacting its 2025 outlook (gerresheimer.com)
- •As a result of the probe, Gerresheimer has postponed its 2025 annual report to the March 31 filing deadline, initiated asset divestitures (e.g., Centor sale) and seen its shares plunge as guidance is revised downward (ad-hoc-news.de)
References
Frequently Asked Questions about German financial watchdog probes Gerresheimer amid possible accounting violations
1Who is auditing Gerresheimer AG's financial statements?
Germany's financial watchdog BaFin is auditing Gerresheimer AG's consolidated interim financial statements.
2What period is covered by the BaFin audit of Gerresheimer?
The audit covers Gerresheimer's consolidated interim financial statements from December 1, 2024 to May 31, 2025.
3What prompted BaFin to audit Gerresheimer AG?
BaFin has concrete evidence that Gerresheimer AG has violated accounting regulations.
4When did BaFin announce the audit of Gerresheimer AG?
BaFin announced the audit in a statement released on Tuesday, March 10.
