Edition:
India

Grammer AG (GMMG.DE)

GMMG.DE on Xetra

31.50EUR
18 Jul 2019
Change (% chg)

€-0.75 (-2.33%)
Prev Close
€32.25
Open
€31.85
Day's High
€31.85
Day's Low
€31.50
Volume
194
Avg. Vol
2,205
52-wk High
€60.65
52-wk Low
€28.76

Latest Key Developments (Source: Significant Developments)

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​.  Full Article

Grammer says not chosen for major follow-up orders
Friday, 13 Oct 2017 

Oct 13 (Reuters) - GRAMMER AG ::DGAP-ADHOC: GRAMMER AG NOT CHOSEN FOR MAJOR FOLLOW-UP ORDERS.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017​.‍EXPECTS TO NOW FALL WELL SHORT OF ITS PLANNED ANNUAL TARGET FOR INCOMING ORDERS IN AUTOMOTIVE SEGMENT​.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017, ABOVE PREVIOUS YEAR'S LEVEL​.‍FROM TODAY'S POINT OF VIEW THERE IS NO NEED TO ADJUST GRAMMER GROUP'S MIDTERM PROJECTIONS​.‍LACK OF NEW-ORDER VOLUME CAN NO LONGER BE FULLY COMPENSATED FOR IN CURRENT BUSINESS YEAR​.‍HOWEVER OPERATING EBIT MARGIN IS PROJECTED TO FALL SHORT OF FULL YEAR TARGET FIGURE OF AROUND 5%​.‍TOTAL COST BURDEN IN CURRENT FY DUE TO NON-AWARD OF NEW ORDERS COMPRISES AROUND EUR 10 MILLION IN AUTOMOTIVE SEGMENT.SHARES IN GRAMMER AG TURN NEGATIVE, NOW DOWN 5.6 PCT‍​​.  Full Article

Grammer H1 net profit down at 20.0 million euros
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - GRAMMER AG ::GRAMMER WITH A FURTHER INCREASE IN REVENUE AND OPERATING PROFITABILITY.‍FULL-YEAR OUTLOOK FOR 2017 CONFIRMED​.‍H1 REVENUE GREW BY 5.5 PERCENT TO EUR 908.0 MILLION (2016: 860.6)​.H1 GROUP NET PROFIT CAME TO EUR 20.0 MILLION, THUS ALSO ALMOST MATCHING PREVIOUS YEAR (2016: 21.2).‍H1 EBIT (EXCLUDING CURRENCY-TRANSLATION EFFECTS AND OTHER EXCEPTIONAL ITEMS), CLIMBED BY 23.2 PERCENT TO EUR 44.0 MILLION (2016: 35.7)​.  Full Article