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BRIEF-Grammer FY group revenue up 19 pct to 1.69 billion euros
February 7, 2017 / 11:00 AM / in 8 months

BRIEF-Grammer FY group revenue up 19 pct to 1.69 billion euros

Feb 7 (Reuters) - Grammer AG :

* 19 percent increase in group revenue to 1.69 billion euros ($1.80 billion) in FY

* Despite volatile economic and political environment, Grammer expects further business growth this year, accompanied by moderately higher revenue

* Further improvement in operating EBIT margin to around 5 percent

* Minority shareholder Cascade International Investment GmbH is seeking a change of control in Grammer AG’s currently independent governance bodies which could result in noticeable strain on customer relations

* In this case company cannot exclude possibility of potential risks to future customer orders Source text for Eikon: Further company coverage: ($1 = 0.9375 euros) (Gdynia Newsroom)

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