Gerresheimer's Moulded Glass EBITDA falls 81% in Q1 2026

Gerresheimer's Q1 2026 results show adjusted EBITDA in its Moulded Glass segment dropping to EUR 6m from EUR 32m a year earlier, as revenue fell to EUR 144m from EUR 160m, while the Containment and Delivery Systems unit grew adjusted EBITDA to EUR 61m from EUR 51m. Free cash flow before M&A improved to negative EUR 32m from negative EUR 142m as net capex was cut to EUR 56m from EUR 113m, with the group counting on its planned EUR 1.5bn disposal of Centor and Primary Packaging Plastics to Apax Funds to support deleveraging.

Why this mattersA sharp glass-segment profit collapse alongside a large planned plastics disposal underlines Gerresheimer's pivot toward medical delivery systems while it manages deleveraging pressure.

• Moulded Glass adjusted EBITDA fell to EUR 6m in Q1 2026 from EUR 32m a year earlier, an 81% decline.
• Moulded Glass revenue dropped to EUR 144m from EUR 160m in the quarter.
• Containment and Delivery Systems revenue rose 8.8% organically to EUR 296m, with adjusted EBITDA up to EUR 61m from EUR 51m.
• Free cash flow before M&A improved to negative EUR 32m from negative EUR 142m in Q1 2025.
• Net capital expenditure fell to EUR 56m from EUR 113m in the quarter.
• Gerresheimer expects the planned EUR 1.5bn sale of Centor and Primary Packaging Plastics to support deleveraging.

Relevant to you? Yes No