Finance
German financial regulator expands Gerresheimer accounting investigation, launches new audit
Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: February 25, 2026
Quick Summary
Germany’s BaFin widened its probe into Gerresheimer, adding a fresh audit of the 2025 half‑year report. Issues include lease liabilities, missing impairments and bill‑and‑hold revenue. The company expects the review to weigh on 2025 results.
Feb 25 - Gerresheimer said on Wednesday that Germany's financial regulator BaFin is widening its probe into the company's financial statements, adding pressure on the medical products maker as it grapples with accounting issues and a plunging share price.
The expanded scrutiny comes as Gerresheimer conducts internal reviews of its accounting practices, faces a weakening financial outlook, and has undergone a leadership shake-up.
The company has also delayed its 2024 results, originally scheduled for February 26, citing these investigations.
BaFin is now expanding its probe into Gerresheimer's 2024 financial statements over issues including potentially misstated lease liabilities and a failure to recognise impairments in assets within its Advanced Technologies unit.
The regulator is also launching a separate audit into the company's 2025 half-yearly financial report, citing potentially outdated risk reporting, missing impairment charges and misstated bill-and-hold revenue, a practice in which revenue is recorded before goods are delivered.
"The company will continue to cooperate fully with BaFin in the context of the audits in order to clarify the facts transparently," Gerresheimer said.
BaFin began its original audit last year, flagging concerns that the company may have recognised revenue from certain customer contracts before it was realised.
Former CEO Dietmar Siemssen has since left the company, while former CFO Bernd Metzner stepped down months earlier.
Gerresheimer's shares are down about 33% so far this year, after a 61% plunge in 2025.
($1 = 0.8470 euros)
(Reporting by Kanjyik Ghosh in Barcelona, Disha Mishra in Bengaluru; Editing by Toby Chopra, Shinjini Ganguli and Tasim Zahid)
Key Takeaways
- •BaFin extends its investigation of Gerresheimer’s 2024 results to include a fresh audit of the 2025 half‑year report.
- •Focus areas include potential misstatement of lease liabilities and missing impairment charges in Advanced Technologies.
- •Regulator also examines potentially outdated risk reporting and misstated bill‑and‑hold revenue recognition.
- •Gerresheimer has engaged a second auditor to review 2024–2025 revenue recognition and accounting practices.
- •The company warns the widened probe will impact 2025 results after steep share price declines and leadership changes.
Frequently Asked Questions about German financial regulator expands Gerresheimer accounting investigation, launches new audit
1What is the main topic?
Germany’s BaFin has expanded its investigation into Gerresheimer’s financial statements and initiated a new audit of the company’s 2025 half‑year report.
2What issues are being examined?
Potentially misstated lease liabilities, missing asset impairments in the Advanced Technologies unit, outdated risk reporting and misstated bill‑and‑hold revenue recognition.
3How might this affect Gerresheimer’s results?
Gerresheimer expects the widened probe to impact its 2025 results, and it has hired a second auditor to review revenue recognition and accounting practices for 2024–2025.