May 15, 2017 / 5:09 AM / 2 months ago

BRIEF-Grammer Q1 net profit up 89.2 pct at 14 million euros

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May 15 (Reuters) - GRAMMER AG:

* q1 7.5 Percent Increase in Revenue to Eur 458.0 Million

* q1 52.0 Increase in Ebit to Eur 22.5 Million

* Q1 NET PROFIT AFTER TAX WAS ALSO UP SHARPLY, RISING BY 89.2 PERCENT TO EUR 14.0 MILLION (2016: 7.4)

* EXPECTS FULL-YEAR GROUP REVENUE TO RISE SUBSTANTIALLY BY AROUND 5 PERCENT OVER PREVIOUS YEAR IN 2017

* ALSO SEES FY FURTHER CLEAR INCREASE IN GROUP'S OPERATING EBIT COMPARED WITH PREVIOUS YEAR TO AROUND 5 PERCENT

* ON BASIS OF FIGURE FOR 2017 AS A WHOLE, GRAMMER EXPECTS REVENUE TO INCREASE TO OVER EUR 2.2 BILLION BY 2021, WITH EBIT MARGIN REACHING AROUND SEVEN PERCENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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