Updates share move, adds milestone
** Shares in Gerresheimer GXIG.DE are down 33% and on track for their worst day ever after the German medical equipment maker said it expects a wider probe into its accounting practices to impact its 2025 results
** Since Germany's financial regulator, BaFin, first announced last September a review of the company's financial statements as of November 30, 2024, Gerresheimer has parted with its former CEO
** The company said it decided to delay the release of its results, originally due February 26, citing the probe
** Adjusted 2025 earnings per share are now expected to decrease in the high-double-digit percentage range and may turn negative
** The company cut its 2025 EBITA margin outlook to between 16.5% and 17.5%, from an earlier range of 18.5% to 19.0%
** "Story now gets really ugly. Shares tried to bottom out –this will probably fail today," said a local trader
** Until yesterday's close, the stock has fallen 1.38% year-to-date after dropping around 60% in 2025
(Reporting by Maria Rugamer)
((Maria.Rugamer@thomsonreuters.com))