GRAMMER AG (FRA:GMM) GRAMMER Aktiengesellschaft: Preliminary figures for the second quarter 2021
Transparency directive : regulatory news
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DGAP-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
Ursensollen, July 14, 2021 - On the basis of its preliminary figures, GRAMMER AG expects Group revenue of around 469 million euros for the second quarter of 2021, significantly above the previous year's figure (2020: 280.9 million euros). The slight decline in revenue compared with the first quarter of 2021 is primarily due to the significant reductions in certain customer call-offs resulting from the limited availability of semiconductor components in the AMERICAS. In addition, earnings in the second quarter were negatively impacted in particular by one-time exceptional effects from the sale of a subsidiary in EMEA. This was a measure under the program initiated in the previous year to improve the cost structure and to strengthen competitiveness on a sustained basis. Accordingly, earnings before interest and taxes (EBIT) are expected to come to around 5 million euros (2020: -50.9 million euros). Adjusted for exceptional effects, operating earnings before interest and taxes (operating EBIT) should reach around 11 million euros in the second quarter (2020: -46.1 million euros). GRAMMER will be publishing its full half-year figures and the report on the first half of 2021 as planned on August 12, 2021. Contact: GRAMMER Aktiengesellschaft Tanja Bücherl Phone: 0049 9621 66 2113 investor-relations@grammer.com
14-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | GRAMMER Aktiengesellschaft |
| Grammer-Allee 2 | |
| 92289 Ursensollen | |
| Germany | |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-31000 |
| E-mail: | investor-relations@grammer.com |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1218784 |
| End of Announcement | DGAP News Service |
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1218784 14-Jul-2021 CET/CEST