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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

60.00EUR
16 Aug 2018
Change (% chg)

€0.10 (+0.17%)
Prev Close
€59.90
Open
€59.90
Day's High
€60.00
Day's Low
€59.80
Volume
25,198
Avg. Vol
36,342
52-wk High
€68.45
52-wk Low
€40.47

Latest Key Developments (Source: Significant Developments)

Grammer H1 EBIT At EUR 41.9 Mln
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - GRAMMER AG ::FURTHER INCREASE IN REVENUE AND EARNINGS IN THE FIRST HALF OF 2018.H1 EBIT 41.9 MILLION EUR.H1 REVENUE 927.6 MILLION EUR.GROUP REVENUE EUR 927.6 MILLION IN FIRST HALF OF 2018 (2017: 908.0).FULL-YEAR GUIDANCE FOR 2018 CONFIRMED.ACCEPTANCE PERIOD FOR TAKEOVER OFFER BY NINGBO JIFENG ENDED ON AUGUST 6, 2018.BIDDER ANNCOUNCED NOW HOLDS 45.58 PERCENT OF GRAMMER SHARES ISSUED.  Full Article

Ningbo Jifeng Auto Parts' Share Trade Still Suspended Due TO Talks To Buy Germany's Grammer
Friday, 27 Jul 2018 

July 27 (Reuters) - Ningbo Jifeng Auto Parts Co Ltd <603997.SS>::SAYS SHARE TRADE REMAINS SUSPENDED AS THE COMPANY IS STILL IN DISCUSSIONS TO BUY GERMANY'S GRAMMER AG <<>> VIA CASH, SHARE ISSUE.  Full Article

Ningbo Jifeng's Majority Shareholder Wang Lowers Acceptance Threshold For Grammer AG Takeover
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Ningbo Jifeng's Majority Shareholder Wang Lowers Acceptance Threshold For Its Takeover Offer Of Grammer Ag ::NINGBO JIFENG'S MAJORITY SHAREHOLDER WANG SAYS ACCEPTANCE THRESHOLD LOWERED TO 36 PERCENT OF TOTAL SHARES OF GRAMMER AG, ENSURING A MAJORITY IN GRAMMER'S SHAREHOLDER MEETINGS BASED ON HISTORIC ATTENDANCE.NINGBO JIFENG'S MAJORITY SHAREHOLDER WANG SAYS OFFER PRICE UNCHANGED AT ATTRACTIVE CASH CONSIDERATION OF EUR 60.00 PER GRAMMER SHARE.  Full Article

Grammer Says Ningbo Jifeng Intends To Launch A Takeover Offer To Grammer Shareholders
Tuesday, 29 May 2018 

May 29 (Reuters) - Grammer AG ::DGAP-ADHOC: GRAMMER SIGNS A BUSINESS COMBINATION AGREEMENT WITH COMPANIES AFFILIATED WITH ITS STRATEGIC PARTNER NINGBO JIFENG - LAUNCH OF A TAKEOVER OFFER TO GRAMMER SHAREHOLDERS INTENDED.SAYS SIGNS A BUSINESS COMBINATION AGREEMENT WITH COMPANIES AFFILIATED WITH ITS STRATEGIC PARTNER NINGBO JIFENG - LAUNCH OF A TAKEOVER OFFER TO GRAMMER SHAREHOLDERS INTENDED.BIDDER WILL MAKE A VOLUNTARY PUBLIC TAKEOVER OFFER FOR ALL OUTSTANDING SHARES OF GRAMMER AG.AS CASH CONSIDERATION, EUR 60.00 PER SHARE SHALL BE OFFERED.SAYS NINGBO JIFENG ALREADY HOLDS A STAKE OF OVER 25 % IN GRAMMER AG..SAYS TAKEOVER OFFER WILL BE SUBJECT TO A MINIMUM ACCEPTANCE THRESHOLD OF 50% PLUS ONE SHARE OF ALL SHARES IN GRAMMER.EXECUTIVE BOARD WELCOMES AND SUPPORTS VOLUNTARY TAKEOVER OFFER.  Full Article

Grammer Ag Confirms To Be In Advanced Negotiations With Affiliated Companies Of Ningo Jifeng
Tuesday, 29 May 2018 

May 28 (Reuters) - Grammer AG ::DGAP-ADHOC: GRAMMERAG CONFIRMS NEGOTIATIONS TO CONCLUDE A BUSINESS COMBINATION AGREEMENT (BCA) IN CONNECTION WITH A POTENTIAL PUBLIC TAKEOVER OFFER.GRAMMER AG - CONFIRMS TO BE IN ADVANCED NEGOTIATIONS WITH AFFILIATED COMPANIES OF NINGO JIFENG TO CONCLUDE A BUSINESS COMBINATION AGREEMENT.GRAMMER - BIDDER OFFERED AN INDICATIVE CONSIDERATION OF EUR 60 PLUS PROPOSED DIVIDEND OF EUR 1.25 RESULTING IN TOTAL CONSIDERATION OF EUR 61.25/SHARE.  Full Article

Grammer 9-mth operating EBIT up at EUR 58.6 mln
Monday, 13 Nov 2017 

Nov 13 (Reuters) - GRAMMER AG ::DGAP-NEWS: GRAMMER WITH FURTHER REVENUE GROWTH AND SUBSTANTIAL INCREASE IN OPERATING EBIT.9M OPERATING EBIT ROSE 23.4 PERCENT TO 58.6 MILLION EUR.9M REVENUE ROSE 5.8 PERCENT TO 1.34 BILLION EUR.‍PERSISTENT RESTRAINT ON PART OF INDIVIDUAL PREMIUM OEMS IN AWARDING NEW CONTRACTS TO GRAMMER​.‍EXPECTS TO ACHIEVE VERY STRONG OPERATING EBIT IN 2017 AS A WHOLE WELL IN EXCESS OF PREVIOUS YEAR'S LEVEL.​.‍AT EUR 25.7 MILLION, NET PROFIT FOR YEAR TO SEPT 30, 2017 REMAINED AT PREVIOUS YEAR'S LEVEL (2016: 25.5)​.OPERATING EBIT MARGIN NO LONGER REACH TARGET OF C. 5 PERCENT, STILL TO EXCEED PREVIOUS YEAR'S FIG OF 4.0 PERCENT SLIGHTLY​.‍AT THIS STAGE, AN ADJUSTMENT TO MEDIUM-TERM FORECAST FOR GRAMMER GROUP IS NOT NECESSARY​.  Full Article

Grammer says not chosen for major follow-up orders
Friday, 13 Oct 2017 

Oct 13 (Reuters) - GRAMMER AG ::DGAP-ADHOC: GRAMMER AG NOT CHOSEN FOR MAJOR FOLLOW-UP ORDERS.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017​.‍EXPECTS TO NOW FALL WELL SHORT OF ITS PLANNED ANNUAL TARGET FOR INCOMING ORDERS IN AUTOMOTIVE SEGMENT​.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017, ABOVE PREVIOUS YEAR'S LEVEL​.‍FROM TODAY'S POINT OF VIEW THERE IS NO NEED TO ADJUST GRAMMER GROUP'S MIDTERM PROJECTIONS​.‍LACK OF NEW-ORDER VOLUME CAN NO LONGER BE FULLY COMPENSATED FOR IN CURRENT BUSINESS YEAR​.‍HOWEVER OPERATING EBIT MARGIN IS PROJECTED TO FALL SHORT OF FULL YEAR TARGET FIGURE OF AROUND 5%​.‍TOTAL COST BURDEN IN CURRENT FY DUE TO NON-AWARD OF NEW ORDERS COMPRISES AROUND EUR 10 MILLION IN AUTOMOTIVE SEGMENT.SHARES IN GRAMMER AG TURN NEGATIVE, NOW DOWN 5.6 PCT‍​​.  Full Article

Grammer supervisory board endorsed by shareholders at AGM
Wednesday, 24 May 2017 

May 24 (Reuters) - Grammer :Ceo says volkswagen vowg_p.de did not contribute to our defense strategy.Supervisory board chairman says 62.78 percent of shareholders endorse ceo mueller at agm.Says 62.65 percent of shareholders endorse supervisory board chairman probst, counter-motion dismissed.  Full Article

Hastor family renews demand for Grammer EGM after Ningbo deal
Wednesday, 15 Feb 2017 

Hastor family's Cascade International Investment GmbH : Says regarding Grammer deal with Ningbo Jifeng that it welcomes in principle any investor that shares its confidence in Grammer . Says sticks with demand for EGM to be called as soon as possible Further company coverage: [GMMG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Grammer in advanced discussions to form strategic partnership with Ningbo Jifeng
Tuesday, 14 Feb 2017 

Grammer Ag : Confirms market rumors that it is in advanced discussions to form strategic partnership with ningbo jifeng auto parts co ltd . Discussions between grammer and ningbo jifeng are currently ongoing and no decisions have been made to date Further company coverage: [GMMG.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Chinese firm to snap up German auto supplier Grammer

SHANGHAI/MUNICH Auto supplier Ningbo Jifeng Auto Parts is aiming to buy German rival Grammer in an agreed deal at a time when Chinese takeovers face increased scrutiny from German and European authorities eager to protect domestic know-how.