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Grammer AG

GMMG.DE

Latest Trade

31.30EUR

Change

-0.50(-1.57%)

Volume

3,092

Today's Range

30.50

 - 

31.60

52 Week Range

27.80

 - 

40.00

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Grammer 9-Month Group EBIT At EUR 61.9 Mln

Nov 12 (Reuters) - GRAMMER AG <GMMG.DE>::9-MONTH GROUP EBIT CAME TO EUR 61.9 MILLION IN PERIOD UNDER REVIEW, UP EUR 34.0 MILLION ON PREVIOUS YEAR'S FIGURE OF EUR 27.9 MILLION.9-MONTH NET PROFIT THUS AMOUNTED TO EUR 28.4 MILLION, COMPARED WITH EUR 14.9 MILLION IN SAME PERIOD OF 2018.9-MONTH GROUP REVENUE UP 14%, RISING TO EUR 1.5 BILLION.OUTLOOK FOR GRAMMER GROUP IN 2019 IS MIXED, ALTHOUGH COMPANY IS IN GENERAL CAUTIOUSLY OPTIMISTIC.OUTLOOK 2019: FORECAST FOR CURRENT YEAR HAS BEEN ONLY SLIGHTLY ADJUSTED.EXPECTS TO BE ABLE TO REPORT 2019 EBIT WELL IN EXCESS OF 2018 FIGURE OF EUR 48.7 MILLION IN ABSOLUTE TERMS.OPERATING EBIT MARGIN (ADJUSTED FOR EXCEPTIONAL EXPENSES AND CURRENCY-TRANSLATION EFFECTS) WILL REMAIN AT CURRENT LEVEL OF 3.8 PERCENT IN 2019 AS A WHOLE.GROUP REVENUE OF AROUND EUR 2.0 BILLION (PREVIOUSLY AROUND EUR 2.1 BILLION) IS PROJECTED FOR FISCAL YEAR 2019.

Grammer Signs Joint Venture Agreement With FAWSN Group

Nov 5 (Reuters) - Grammer AG <GMMG.DE>::DGAP-NEWS: GRAMMER AG SIGNS JOINT VENTURE AGREEMENT WITH FAWSN GROUP, AN AFFILIATED COMPANY OF ONE OF THE LARGEST AUTOMOTIVE MANUFACTURERS IN CHINA.FURTHER MILESTONE OF GRAMMER'S EXPANSION PLANS IN CHINA ACHIEVED.GRAMMER TO HOLD 50 PERCENT OF JOINT VENTURE WITH CHANGCHUN FAWSN GROUP CO., LTD..CHANGCHUN FAWSN GROUP IS AN AFFILIATED COMPANY OF FAW GROUP, A LEADING PASSENGER CAR AND TRUCK MANUFACTURER IN CHINA.WILL BE HOLDING 50 PERCENT OF NEW JOINT VENTURE GRAMMER FAWSN VEHICLE PARTS CO., LTD. OTHER 50 PERCENT WILL BE HELD BY CHANGCHUN FAWSN GROUP.

Grammer In Advanced Talks To Establish JV With Changchun Fawsn Group

Oct 24 (Reuters) - GRAMMER AG <GMMG.DE>::IS IN ADVANCED NEGOTIATIONS TO ESTABLISH A JOINT VENTURE WITH CHANGCHUN FAWSN GROUP CO., LTD..JOINT VENTURE FOR AUTOMOTIVE INTERIOR COMPONENTS.GRAMMER WILL BE HOLDING 50 PERCENT OF FUTURE JOINT VENTURE CHANGCHUN GRAMMER FAWSN VEHICLE PARTS CO., LTD..OTHER 50 PERCENT WILL BE HELD BY CHANGCHUN FAWSN GROUP CO., LTD.EXPECTS SUBSTANTIAL FUTURE BUSINESS VOLUMES TO BE REALIZED FROM THIS JOINT VENTURE.

Grammer H1 EBIT Rose 19.8% To EUR 50.2 Mln

Aug 13 (Reuters) - Grammer AG <GMMG.DE>::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).

Ningbo Jifeng Auto Parts Revises Plan To Acquire Project Firm

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.

Grammer Q1 Net Profit Down At EUR 11.6 Million

May 14 (Reuters) - Grammer AG <GMMG.DE>::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.

Grammer: Thorsten Seehars New Chief Executive Officer

April 25 (Reuters) - Grammer AG <GMMG.DE>::DGAP-ADHOC: THORSTEN SEEHARS BECOMES NEW CHIEF EXECUTIVE OFFICER OF GRAMMER AG.THORSTEN SEEHARS NEW CEO OF COMPANY WITH EFFECT FROM AUGUST 1, 2019 FOR A TERM OF THREE YEARS.MANFRED PRETSCHER WILL CONTINUE TO HOLD POSITION OF CEO ON AN INTERIM BASIS UNTIL JULY 31, 2019.

Grammer FY Profit After Tax Down At EUR 23.2 Million

March 18 (Reuters) - Grammer AG <GMMG.DE>::DGAP-NEWS: NEW REVENUE RECORD REACHED BY GRAMMER IN 2018.FY OPERATING EBIT 75.8 MILLION EUR.DIVIDEND 0.75 EURPER SHARE.FY PROFIT AFTER TAX 23.2 MILLION EUR.FY REVENUE ROSE 4.2 PERCENT TO 1.86 BILLION EUR.EXPECTS GROUP REVENUE TO GROW TO OVER EUR 2.1 BILLION IN 2019.GROUP EXPECTS TO BE ABLE TO REPORT AN EBIT THIS YEAR, WHICH IS CLEARLY HIGHER THAN IN 2018 (EUR 48.7 MILLION).

Grammer Appoints Jurate Keblyte As New CFO

March 15 (Reuters) - GRAMMER AG <GMMG.DE>::SUPERVISORY BOARD APPOINTS NEW CFO.SUPERVISORY BOARD APPOINTS JURATE KEBLYTE TO EXECUTIVE BOARD AS CHIEF FINANCIAL OFFICER.SELECTION PROCESS FOR FUTURE CEO CONTINUING ACCORDING TO PLAN.APPOINTMENT OF CFO WITH EFFECT FROM AUGUST 1, 2019.

Grammer FY Operating EBIT At Around EUR 76 Mln

Feb 18 (Reuters) - GRAMMER AG <GMMG.DE>::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).

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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