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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

18.00EUR
18 Sep 2020
Change (% chg)

€-0.50 (-2.70%)
Prev Close
€18.50
Open
€18.25
Day's High
€18.60
Day's Low
€18.00
Volume
1,296
Avg. Vol
1,480
52-wk High
€34.50
52-wk Low
€12.34

Latest Key Developments (Source: Significant Developments)

Grammer To Supply Seating Solutions For High-Speed Trains From Alstom
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - GRAMMER AG ::GRAMMER TO SUPPLY INNOVATIVE SEATING SOLUTIONS FOR NEW HIGH-SPEED TRAINS FROM ALSTOM.PLATFORM AGREEMENT FOR PASSENGER SEATS FOR UP TO 200 NEW ALSTOM AVELIA HORIZON TRAINS SIGNED.  Full Article

Grammer In Advanced Talks To Establish JV With Changchun Fawsn Group
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - GRAMMER AG ::IS IN ADVANCED NEGOTIATIONS TO ESTABLISH A JOINT VENTURE WITH CHANGCHUN FAWSN GROUP CO., LTD..JOINT VENTURE FOR AUTOMOTIVE INTERIOR COMPONENTS.GRAMMER WILL BE HOLDING 50 PERCENT OF FUTURE JOINT VENTURE CHANGCHUN GRAMMER FAWSN VEHICLE PARTS CO., LTD..OTHER 50 PERCENT WILL BE HELD BY CHANGCHUN FAWSN GROUP CO., LTD.EXPECTS SUBSTANTIAL FUTURE BUSINESS VOLUMES TO BE REALIZED FROM THIS JOINT VENTURE.  Full Article

Grammer H1 EBIT Rose 19.8% To EUR 50.2 Mln
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Grammer AG ::DGAP-NEWS: GRAMMER AG ASSERTING ITSELF IN A CHALLENGING AUTOMOTIVE ENVIRONMENT: SUBSTANTIAL GROWTH IN GROUP REVENUE AND EBIT.HALF YEAR NET PROFIT ROSE 9.5 PERCENT TO 27.6 MILLION EUR.HALF YEAR EBIT ROSE 19.8 PERCENT TO 50.2 MILLION EUR.STRONG RISE OF 13.4 PERCENT IN REVENUE TO OVER EUR 1.0 BILLION IN FIRST HALF OF 2019.EXPECTS MACROECONOMIC CONDITIONS TO REMAIN VERY CHALLENGING IN 2019 AS A WHOLE.GROUP REVENUE IS EXPECTED TO REACH AROUND EUR 2.1 BILLION IN 2019.H1 GROUP NET PROFIT INCREASED BY 9.5 PERCENT OVER PREVIOUS YEAR TO EUR 27.6 MILLION (2018: EUR 25.2 MILLION).ABSOLUTE EBIT ARE EXPECTED FOR 2019 WHICH WILL BE CLEARLY HIGHER THAN IN 2018 (EUR 48.7 MILLION).  Full Article

Ningbo Jifeng Auto Parts Revises Plan To Acquire Project Firm
Sunday, 16 Jun 2019 

June 16 (Reuters) - Ningbo Jifeng Auto Parts <603997.SS>::SAYS IT REVISES PLAN TO BUY PROJECT FIRM IN ORDER TO OWN 84.23 PERCENT STAKE IN GERMANY'S AUTO PART FIRM GRAMMER.SAYS IT PLANS TO ACQUIRE THE PROJECT FIRM FOR 3.956 BILLION YUAN ($571.29 million) VIA CASH, CONVERTIBLE BOND AND SHARE ISSUES.  Full Article

Grammer FY Operating EBIT At Around EUR 76 Mln
Monday, 18 Feb 2019 

Feb 18 (Reuters) - GRAMMER AG ::ROUGHLY 4 PERCENT INCREASE IN FY GROUP REVENUE TO EUR 1.86 BILLION.FY OPERATING EBIT OF APPROX. EUR 76 MILLION.FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) IN ACCORDANCE WITH IFRS CAME TO AROUND EUR 49 MILLION (2017: 66.5).  Full Article

Grammer 9-month Net Profit Down At EUR 14.9 Million
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Grammer AG ::FURTHER INCREASE IN REVENUE BUT EXCEPTIONAL EFFECTS AND WEAKER PASSENGER VEHICLE SALES EXERTED PRESSURE ON GROUP EARNINGS IN THE THIRD QUARTER.Q3 REVENUE ROSE 1.5 PERCENT TO 1.36 BILLION EUR.FULL-YEAR GUIDANCE FOR 2018 ADJUSTED.9-MONTH EBIT CAME TO AROUND EUR 27.9 MILLION FALLING SHORT OF PREVIOUS YEAR'S FIGURE OF EUR 45.8 MILLION.9-MONTH NET PROFIT CAME TO EUR 14.9 MILLION, FALLING SUBSTANTIALLY SHORT OF PREVIOUS YEAR (2017: 25.7).FULL-YEAR GROUP REVENUE SHOULD REACH AROUND EUR 1.85 BILLION IN 2018.REVENUE SHOULD REACH AROUND EUR 1.85 BILLION IN 2018.BOARD NOW EXPECTS FY EBIT OF ABOUT EUR 50 MILLION AND OPERATING EBIT SLIGHTLY BELOW PREVIOUS YEAR.LOOKING AHEAD TO 2019, GRAMMER PROJECTS RENEWED GROWTH IN REVENUE AND EARNINGS.  Full Article

BRIEF-Grammer FY Operating EBIT Up At EUR 77.0 Mln

* DUE TO EFFECTS OF GLOBAL COVID-19 PANDEMIC, FORECAST FOR FINANCIAL YEAR 2020 HAS BEEN SUSPENDED