Financial News
Grammer asserting itself in a difficult market environment
-Group revenue up 14 percent in the first nine months, rising to EUR 1.5 billion-Operating EBIT at EUR 59.2 million slightly above the previous year-Overall market conditions and operational topics impact the profitability in the third…
Read moreGrammer 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 the Joint Venture with CHANGCHUN FAWSN GROUP CO., LTD. -CHANGCHUN FAWSN Group is an affiliated company of FAW Group, a leading passenger car and…
Read moreGrammer presenting innovative passenger seats for urban and interurban buses
-Expansion of product portfolio opening up further attractive markets-Grammer establishing itself as a full line supplier in the bus segment -Selected seating solutions on display at Busworld Europe 2019 Brussels, Belgium / Amberg,…
Read moreGrammer AG asserting itself in a challenging automotive environment: substantial growth in Group revenue and EBIT
-Strong rise of 13.4 percent in revenue to over EUR 1.0 billion in the first half of 2019 -Revenue from TMD more than compensated for the muted business as a result of challenging market conditions in the traditional Automotive Division…
Read moreGrammer celebrating topping-out ceremony for future corporate headquarters and technology center in Ursensollen
Building shell for the new Grammer headquarters completed after just over one year of construction Completion of the first construction phase planned for the end of 2019 Innovative new building with modern working environment R&D activities…
Read moreDividend of EUR 0.75 per share approved at Grammer AG’s Annual General Meeting
Amberg, July 12, 2019 – The shareholders of Grammer AG today voted on the motions submitted by the Executive Board and the Supervisory Board at this year’s Annual General Meeting. In particular, the distribution of a dividend of EUR 0.75…
Read moreEuler Hermes reaffirms Grammer AG’s investment-grade rating
Amberg, June 26, 2019 – Euler Hermes Rating GmbH has confirmed its investment grade rating for Grammer AG in its latest report. However, the rating has been lowered from BBB to BBB-. The main reason for this was the higher debt levels…
Read moreGrammer AG with a successful first quarter despite challenging conditions in the automotive industry
-17.5 percent increase in revenue to EUR 534.1 million-Growth in EBIT to EUR 24.0 million-Strong performance in the Commercial Vehicles Division in particular; Automotive Division spurred by acquisition of TMD-New Executive Board lineup…
Read moreGrammer AG: Supervisory Board appoints Thorsten Seehars as new CEO
-Supervisory Board appoints internationally experienced automotive manager to the Executive Board and as the new Chief Executive Officer-Grammer AG’s new Executive Board now complete-Board member Manfred Pretscher to leave the company on…
Read moreGrammer displaying product innovations for the Chinese market at the Auto Shanghai 2019
-Grammer participates with own booth at the Auto Shanghai 2019-Presentation of latest product innovations-Significant expansion of market position and additional business potential with innovative products for the Chinese marketShanghai,…
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