Gerresheimer Shares Plunge 35% as Annual Results Are Delayed

Gerresheimer AG shares plunged to the lowest in more than 16 years after the German maker of packaging for medicines and cosmetics delayed the publication of its annual results.

The decision was made after the company hired a second audit firm to examine its accounting practices for the 2024 and 2025 financial years, it said in a statement on Tuesday evening. The stock fell as much as 35% on Wednesday to the lowest since August 2009 before paring the decline to trade 29% lower as of 9:56 a.m. in London.