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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.
14-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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