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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

30.00EUR
16 Aug 2019
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1,709
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€60.65
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€27.80

Latest Key Developments (Source: Significant Developments)

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

Members Of Executive Board Of Grammer AG Announce Exit Following Takeover By Ningbo Jifeng
Tuesday, 25 Sep 2018 

Sept 24 (Reuters) - Grammer AG ::MEMBERS OF THE EXECUTIVE BOARD OF GRAMMER AG ANNOUNCE EXIT FOLLOWING THE TAKEOVER BY NINGBO JIFENG.SUBSTANTIAL SHIFT IN SHAREHOLDER STRUCTURE DUE TO 85-PERCENT STAKE HELD BY MAJORITY SHAREHOLDER NINGBO JIFENG.BUSINESS COMBINATION AGREEMENT SIGNED IN CONNECTION WITH TENDER OFFER WILL CONTINUE TO APPLY INDEPENDENT FROM CHANGES TO EXECUTIVE BOARD.ACCORDING TO NINGBO JIFENG, CO CURRENTLY DOES NOT INTEND TO FILL MORE THAN TWO SEATS OF SUPERVISORY BOARD.  Full Article

Grammer AG Says CEO Hartmut Müller Intends To Resign As Member Of Executive Board
Tuesday, 25 Sep 2018 

Sept 24 (Reuters) - Grammer AG ::CHANGES WITHIN THE EXECUTIVE BOARD OF GRAMMER AG.GRAMMER- CEO HARTMUT MÜLLER INFORMED CHAIRMAN OF SUPERVISORY BOARD, DR.-ING. KLAUS PROBST, THAT HE INTENDS TO RESIGN AS MEMBER OF EXECUTIVE BOARD.MÜLLER WILL FULLY REMAIN IN OFFICE AS CHIEF EXECUTIVE OFFICER UNTIL DATE OF HIS DEPARTURE.SUPERVISORY BOARD WILL IMMEDIATELY START A PROCESS TO FIND SUITABLE CANDIDATES AS SUCCESSORS.CORDONNIER AND PRETSCHER WILL FULLY REMAIN IN OFFICE AS MEMBERS OF EXECUTIVE BOARD UNTIL THEIR DEPARTURE.  Full Article

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