Edition:
India

Grammer Q1 Net Profit Down At EUR 11.6 Million


Tuesday, 14 May 2019 

May 14 (Reuters) - Grammer AG ::DGAP-NEWS: GRAMMER AG WITH A SUCCESSFUL FIRST QUARTER DESPITE CHALLENGING CONDITIONS IN THE AUTOMOTIVE INDUSTRY.Q1 17.5 PERCENT INCREASE IN REVENUE TO EUR 534.1 MILLION.Q1 GROUP NET PROFIT CAME TO EUR 11.6 MILLION, THUS FALLING ONLY SLIGHTLY SHORT OF PREVIOUS YEAR'S FIGURE OF EUR 12.2 MILLION.Q1 EBIT) CLIMBED BY 17.6 PERCENT TO EUR 24.0 MILLION (2018: 20.4). AT 4.5 PERCENT,.FULL-YEAR FORECAST UNCHANGED IN A STILL CHALLENGING AUTOMOTIVE MARKET. 

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