DÜSSELDORF (dpa-AFX) - Packaging specialist Gerresheimer, currently grappling with accounting errors, is likely to be removed from the SDax small-cap index due to the postponement of its 2025 annual report. Following consultations with its auditor, the audited annual and consolidated financial statements are not expected to be published until after March 31, the company announced on Tuesday evening. Gerresheimer had already canceled the original publication date, which was scheduled for late February, several weeks ago.
The preparation of the 2025 annual and consolidated financial statements is being delayed because
ongoing investigations by a second external
auditing firm regarding business transactions in
fiscal years 2024 and 2025, as well as the preparation of the documents
required for the audit, are taking longer than expected, the company added. The aim is now to publish in June. With this delay, Gerresheimer would violate Deutsche Börse's index rules and would therefore have to leave the SDax small-cap index.
The Annual General Meeting, originally scheduled for June 3, must also be postponed. Furthermore, the figures for the first fiscal quarter must now be moved to a date later than the previously planned April 16. According to the statement, Gerresheimer is now in talks with lenders to agree on an
extension of the deadlines for submitting the annual financial statements
stipulated in the financing agreements.
Background: Gerresheimer announced in February that, based on internal information and in coordination with its auditor, it had commissioned further investigations by a second auditing firm regarding revenue recognition and accounting in fiscal years 2024 and 2025.
According to findings to date, individual employees had violated internal guidelines and accounting regulations, it was stated in this context. The resulting corrections in the consolidated financial statements primarily concern revenue recognition and the accounting and valuation of inventories./mis
