Edition:
India

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​. 

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24 May 2019