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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

15.70EUR
6 Aug 2020
Change (% chg)

€-0.20 (-1.26%)
Prev Close
€15.90
Open
€15.70
Day's High
€15.90
Day's Low
€15.70
Volume
301
Avg. Vol
1,902
52-wk High
€37.80
52-wk Low
€12.34

Latest Key Developments (Source: Significant Developments)

Grammer AG sees Q2 EBIT significantly below market expectations
Monday, 13 Jul 2020 

July 13 (Reuters) - Grammer AG ::DGAP-ADHOC: PRELIMINARY RESULTS FOR THE SECOND QUARTER OF 2020 - SIGNIFICANT NEGATIVE IMPACT ON REVENUE AND EARNINGS AS A RESULT OF THE COVID-19 PANDEMIC AND EXCEPTIONAL EFFECTS.BASED ON PRELIMINARY FIGURES, GRAMMER AG EXPECTS TO ACHIEVE GROUP EARNINGS BEFORE INTEREST AND TAXES (GROUP EBIT) IN Q2 OF 2020 THAT WILL BE SIGNIFICANTLY BELOW MARKET EXPECTATIONS..GROUP EBIT FOR Q2 IS EXPECTED TO STAND AT AROUND MINUS 50 MILLION EUR (PREVIOUS YEAR 26.2 MILLION EUR).OPERATING EBIT IS EXPECTED TO AMOUNT TO APPROXIMATELY MINUS 46 MILLION EUR FOR REPORTING PERIOD (PREVIOUS YEAR 27.1 MILLION EUR)..REVENUE SHOULD COME TO AROUND 281 MILLION EUR (PREVIOUS YEAR 517.4 MILLION EUR)..WILL BE RELEASING ITS FULL REPORT ON FIRST HALF OF 2020 ON AUGUST 13, 2020..MAIN REASON FOR THIS SIGNIFICANT DECREASE IN REVENUE AND EARNINGS IN Q2 WERE SIGNIFICANT REDUCTIONS IN CUSTOMER ORDERS AND PRODUCTION STOPS OF MANY OEMS..  Full Article

Grammer Appoints Alfred Weber As Chairman Of Supervisory Board
Thursday, 9 Jul 2020 

July 9 (Reuters) - GRAMMER AG ::ANNUAL GENERAL MEETING ELECTS NEW SUPERVISORY BOARD.ALFRED WEBER TAKING OVER AS CHAIRMAN OF SUPERVISORY BOARD.RESOLUTION PASSED AT ANNUAL GENERAL MEETING TO SUSPEND DIVIDEND FOR FINANCIAL YEAR 2019.  Full Article

Grammer To Revoke Dividend Proposal Of EUR 0.11 Per Share
Thursday, 4 Jun 2020 

June 4 (Reuters) - GRAMMER AG ::TO REVOKE DIVIDEND PROPOSAL OF EUR 0.11 PER SHARE.TO PROPOSE TO ANNUAL GENERAL MEETING NOT TO PAY OUT A DIVI-DEND FOR FINANCIAL YEAR 2019.WITH INCREASE OF SYNDICATED LOAN, DIVIDEND WILL BE SUSPENDED DURING THREE-YEAR TERM OF NEW TRANCHE.PLANS TO STRENGTHEN ITS EQUITY BY AT LEAST EUR 40 MILLION.A CAPITAL INCREASE INCLUDING SHAREHOLDER SUBSCRIPTION RIGHTS IS TO BE EXECUTED IN SECOND HALF OF 2020..  Full Article

Grammer To Propose Not To Pay Out Dividend For FY 2019
Thursday, 4 Jun 2020 

June 4 (Reuters) - GRAMMER AG ::GRAMMER AG IS IN ADVANCED TALKS CONCERNING THE INCREASE OF THE EXISTING SYNDICATED LOAN, SUSPENDING THE DIVIDEND AND PLANNING A CAPITAL INCREASE.CURRENTLY IN ADVANCED TALKS WITH ITS SYNDICATE BANKS CONCERNING A THIRD TRANCHE OF EXISTING SYNDICATED LOAN.ADDITIONAL CREDIT LINE IS EXPECTED TO AMOUNT TO EUR 235 MILLION AND WILL SERVE TO BRIDGE CURRENT EXCEPTIONAL ECONOMIC SITUATION.TODAY ADOPTED A RESOLUTION TO REVOKE DIVIDEND PROPOSAL OF EUR 0.11 PER SHARE PUBLISHED ON MARCH 30, 2020.TO PROPOSE TO ANNUAL GENERAL MEETING NOT TO PAY OUT A DIVIDEND FOR FINANCIAL YEAR 2019.DIVIDEND WILL BE SUSPENDED DURING THREE-YEAR TERM OF NEW TRANCHE.PLANS TO STRENGTHEN ITS EQUITY BY AT LEAST EUR 40.IN ADDITION, GRAMMER AG PLANS TO STRENGTHEN ITS EQUITY BY AT LEAST EUR 40 MILLION. TO THIS END, A CAPITAL INCREASE INCLUDING SHAREHOLDER SUBSCRIPTION RIGHTS IS TO BE EXECUTED IN SECOND HALF OF 2020.  Full Article

Grammer Becomes Strategic Supplier For Hyster-Yale Group, Inc.
Tuesday, 2 Jun 2020 

June 2 (Reuters) - GRAMMER AG ::BECOMES STRATEGIC SUPPLIER OF GLOBAL FORKLIFT PLATFORMS FOR HYSTER-YALE GROUP, INC..  Full Article

Grammer Q1 Operating EBIT At 0.4 Million Euros
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Grammer AG ::COVID-19 PANDEMIC SIGNIFICANTLY IMPACTS GRAMMER'S REVENUE AND EARNINGS.REVENUE DOWN TO 454.9 MILLION EUROS IN PERIOD FROM JANUARY TO MARCH.Q1 OPERATING EBIT AT 0.4 MILLION EUROS; EBIT AT -2.1 MILLION EUROS.FORECASTING REMAINDER OF 2020 FISCAL YEAR IS NOT CURRENTLY POSSIBLE..WILL ISSUE A FORECAST AS SOON AS THIS IS SUFFICIENTLY POSSIBLE..  Full Article

Grammer Expects Q1 EBIT To Swing To Loss Of EUR 2 Million
Wednesday, 15 Apr 2020 

April 15 (Reuters) - Grammer AG ::MAJOR NEGATIVE IMPACT ON REVENUE AND EARNINGS IN THE FIRST QUARTER OF 2020 AS A RESULT OF THE COVID-19 PANDEMIC.DGAP-ADHOC: GRAMMER AG: MAJOR NEGATIVE IMPACT ON REVENUE AND EARNINGS IN THE FIRST QUARTER OF 2020 AS A RESULT OF THE COVID-19 PANDEMIC.EXPECTS GROUP REVENUE IN Q1 TO AMOUNT TO 455 MILLION EUR (PRIOR YEAR: 534 MILLION EUR)..OPERATING EBIT) ARE EXPECTED TO AMOUNT TO APPROXIMATELY 0.5 MILLION EUR (PRIOR YEAR: 23 MILLION EUR) IN Q1.Q1 EBIT WILL LIKELY COME IN AROUND -2 MILLION EUR (PRIOR YEAR: 24 MILLION EUR) DUE TO NEGATIVE EXCHANGE RATE EFFECTS..  Full Article

Grammer FY Operating EBIT Up At EUR 77.0 Mln
Monday, 30 Mar 2020 

March 30 (Reuters) - GRAMMER AG ::FY OPERATING EBIT 77 MILLION EUR.FY REVENUE ROSE 9.5 PERCENT TO 2.038 BILLION EUR.FY PROFIT AFTER TAX 43.5 MILLION EUR.DUE TO EFFECTS OF GLOBAL COVID-19 PANDEMIC, FORECAST FOR FINANCIAL YEAR 2020 HAS BEEN SUSPENDED.EXECUTIVE BOARD OF GRAMMER AG HAS INFORMED SUPERVISORY BOARD DURING LAST MEETING ABOUT ITS DECISION, TO WAIVE ALL ITS BONUS PAYMENTS FOR YEARS 2019 AND 2020.NO GUIDANCE POSSIBLE FOR FINANCIAL YEAR 2020.TO WAIVE ALL ITS BONUS PAYMENTS FOR YEARS 2019 AND 2020 IN ORDER TO MAKE A FINANCIAL CONTRIBUTION IN CURRENT SITUATION.  Full Article

Grammer Says Co Decided To Halt Production At Its European Locations
Friday, 20 Mar 2020 

March 19 (Reuters) - Grammer AG ::GRAMMER DECIDES TO HALT PRODUCTION AT ITS EUROPEAN LOCATIONS.GRAMMER - PRODUCTION TO BE MAINTAINED AT LOCATIONS THAT SUPPLY CUSTOMERS OUTSIDE EUROPE OR COMMERCIAL VEHICLE MANUFACTURERS ACCORDING TO DEMANDS.  Full Article

Grammer Sees Decrease In Revenues And Weaker Earnings In Q1
Tuesday, 3 Mar 2020 

March 3 (Reuters) - Grammer AG ::DGAP-NEWS: GRAMMER EXPECTS DECREASE IN REVENUES AND WEAKER EARNINGS IN THE FIRST QUARTER 2020.EFFECTS OF CORONAVIRUS HAVE AN ADVERSE IMPACT ON REVENUES AND EARNINGS IN Q1.REDUCED DIVIDEND PROPOSAL TO STRENGTHEN EQUITY.DECLINE IN GLOBAL VEHICLE PRODUCTION IN BOTH SEGMENTS LEADS TO REDUCED REVENUES AND EARNINGS IN 2020.PREDICTING A SIGNIFICANT DECREASE IN REVENUES FOR Q1 COMPARED TO PREVIOUS YEAR (Q1/2019: EUR 534 MILLION).FIRST MEASURES OF EFFICIENCY ENHANCEMENT PROGRAM IMPLEMENTED.ASSUMES (EBIT) (PRIOR YEAR: EUR 24 MILLION) AND OPERATING EBIT (PRIOR YEAR: EUR 23 MILLION) FOR Q1 TO BE VERY SIGNIFICANTLY LOWER THAN IN SAME PERIOD OF LAST YEAR.FORECASTING A DECLINE IN SALES AND EARNINGS FOR FULL YEAR.DOES NO LONGER MAINTAIN ITS ORIGINAL REVENUES AND EARNINGS FORECAST FOR COMING YEARS.  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