Financial News

12/20/2018

Grammer AG appointing Manfred Pretscher as new interim CEO and Jens Öhlenschläger as new member of the Executive Board

-The member of the Executive Board Manfred Pretscher appointed interim CEO and interim CFO-Jens Öhlenschläger appointed as new member of the Executive Board as Chief Operating Officer-Search for long-term candidates for Executive Board…

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12/07/2018

Grammer AG: Contract signed for new joint tech center in India

-Grammer and AllyGrow Technologies establishing joint tech center in India-Modern R&D tech center to be established in Pune with a maximum capacity of 120 employees-Inauguration planned in December 2018 Amberg, December 7, 2018 – The…

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12/04/2018

Grammer AG: Foundation stone laid for the new corporate headquarters and technology center in a ceremony with state minister Hubert Aiwanger

-Official commencement of construction of Grammer’s new corporate headquarters and technology center in Ursensollen in the Amberg-Sulzbach district-Innovation leadership to be reinforced and appeal as a forward-looking employer in the…

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11/13/2018

Grammer AG: Further increase in revenue but exceptional effects and weaker passenger vehicle sales exerted pressure on Group earnings in the third quarter

-1.5 percent increase in Group revenue to EUR 1.36 billion -Operating EBIT very close to previous year’s level-Strong growth in Commercial Vehicles Division compensating market-induced decline in the   Automotive Division-Full-year guidance…

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10/02/2018

Grammer completes acquisition of US components supplier TMD

-All closing conditions fulfilled and all regulatory approvals and clearances received  -Substantial expansion of market position and local manufacturing in the United States and North America -Global presence of Grammer offers additional…

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09/24/2018

Members of the Executive Board of Grammer AG announce exit following the takeover by Ningbo Jifeng

-Substantial shift in shareholder structure due to 85-percent stake held by majority shareholder Ningbo Jifeng -Supervisory Board confident of finding swift replacements -Business combination agreement (BCA) continues to be in force …

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08/28/2018

Tender offer accepted by Grammer shareholders – Ningbo Jifeng new majority shareholder

- Companies associated with Ningbo Jifeng hold roughly 84.23 percent of Grammer shares - Clear shareholder structure and intensified strategic partnership Amberg, August 28, 2018 – The Grammer Group, a leading international supplier of…

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08/09/2018

Successful tender offer to the shareholders of GRAMMER AG

-Anchor shareholder Ningbo Jifeng increases its share in Grammer AG to 74 percent-Grammer welcomes successful tender offer-Existing strategic partnership to be strengthened based on business combination agreement (BCA) Amberg, August 9,…

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08/07/2018

Grammer AG: Further increase in revenue and earnings in the first half of 2018

-Increase in revenue to EUR 927.6 million-Substantial growth in EBIT to EUR 41.9 million, accompanied by an improved EBIT margin of 4.5 percent-Stable operating EBIT of EUR 43.3 million with a margin of 4.7 percent-Continued strong…

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08/01/2018

Grammer planning new joint technology center in India

• Further optimization of R&D structures with new technology center in Pune • Joint venture with new partner AllyGrow Technologies Amberg, August 1, 2018 – As one of the leading automotive interior specialists, the Grammer Group is…

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