(Reuters) -German packaging and medical equipment maker Gerresheimer cut its 2025 guidance again on Wednesday, now expecting organic revenues to decline between 2-4% as third quarter results fell below expectations.
In a statement, the Duesseldorf-based company said its numbers were dragged down by a lower business performance in the third quarter and weak demand including in cosmetics.
The profit warning presents another headache for Gerresheimer, which had already cut its outlook in June and again in July and is under investigation by Germany’s financial regulator over suspected accounting flaws.
Gerresheimer, which makes rounded jars for creams and roll-on bottles for deodorants, now expects organic revenues to decline between 2-4% year-on-year, after previously expecting between 0-2