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GRAMMER Aktiengesellschaft: Preliminary figures for the second quarter 2021

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GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results
GRAMMER Aktiengesellschaft: Preliminary figures for the second quarter 2021

14-Jul-2021 / 10:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
GRAMMER AG (WKN 589540, ISIN DE0005895403)


Preliminary figures for the second quarter 2021

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.

The Executive Board
GRAMMER AG




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.
Archive at www.dgap.de

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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