(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% growth.
According to preliminary figures published on Wednesday, revenue in the third quarter of 2025 amounted to 560.7 million euros and adjusted Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) amounted to 103.4 million euros.
Organic revenue growth in the third quarter of 2025 was -1.2% compared to the same period last year, with an organic adjusted EBITDA margin of 18.8%, the statement said.
“Even taking into account the expected stronger fourth quarter of 2025 compared to the third quarter of 2025, the guidance for the 2025 financial year is therefore not achievable,” it said.
Gerresheimer has launched measures to cut costs, increase performance and improve free cash flow, it said.
Slowing demand for personal care and beauty products has weighed on consumer goods companies, as shoppers rein in spending on discretionary items amid global trade tensions that have sparked fears of higher inflation and recession.
(Reporting by Matthias Williams; editing by Diane Craft)
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