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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

54.17EUR
11:35am EDT
Change (% chg)

€-0.15 (-0.28%)
Prev Close
€54.32
Open
€54.00
Day's High
€54.44
Day's Low
€53.92
Volume
22,673
Avg. Vol
72,831
52-wk High
€61.95
52-wk Low
€40.47

Latest Key Developments (Source: Significant Developments)

Grammer H1 net profit down at 20.0 million euros
Wednesday, 9 Aug 2017 12:56am EDT 

Aug 9 (Reuters) - GRAMMER AG ::GRAMMER WITH A FURTHER INCREASE IN REVENUE AND OPERATING PROFITABILITY.‍FULL-YEAR OUTLOOK FOR 2017 CONFIRMED​.‍H1 REVENUE GREW BY 5.5 PERCENT TO EUR 908.0 MILLION (2016: 860.6)​.H1 GROUP NET PROFIT CAME TO EUR 20.0 MILLION, THUS ALSO ALMOST MATCHING PREVIOUS YEAR (2016: 21.2).‍H1 EBIT (EXCLUDING CURRENCY-TRANSLATION EFFECTS AND OTHER EXCEPTIONAL ITEMS), CLIMBED BY 23.2 PERCENT TO EUR 44.0 MILLION (2016: 35.7)​.  Full Article

Unit of Ningbo Jifeng Auto Parts' major shareholder hikes stake in Germany's Grammer to 20 pct
Wednesday, 19 Jul 2017 05:51am EDT 

July 19 (Reuters) - Ningbo Jifeng Auto Parts Co Ltd <603997.SS>:* Says major shareholder Wing Sing international Co Ltd's unit JAP Capital Holding GmbH hiked stake in Germany's Grammer AG to 20 percent .  Full Article

Hastor family's Cascade says has no plans to hike Grammer stake
Wednesday, 24 May 2017 06:45am EDT 

May 24 (Reuters) - Grammer shareholder Cascade, controlled by the Bosnia's Hastor family, at Grammer AGM::Shareholder cascade says at agm has no plans to increase or reduce stake in grammer or take over the company.Says that Grammer will in future have to accept any price that its customer Volkswagen <<>> names.  Full Article

Grammer CEO says order book still well filled for now
Wednesday, 24 May 2017 06:04am EDT 

May 24 (Reuters) - Grammer CEO at AGM:Says aims to use proceeds from mandatory convertible bond for small acquisitions in electronics and to strengthen North America presence.Says trends like autonomous driving hold enormous potential for interiors suppliers.Says company currently has more than 100 development projects.Affirms EBIT margin to rise to 7 percent by 2021.Says could imagine acquisitions in interiors in near future.Says margin on headrests to grow thanks to partnership with Chinese.Says Brazil's commercial vehicle market could surprise with slight growth for the first time in five years in 2017.Says order intake decline of over 300 million eur equates to lost revenues of 50 million eur/year from 2019 if no new orders come in.Says order books still well filled at the moment.Says shareholder Cascade's conduct is causing concern that it is pursuing only its own goals.  Full Article

Unit of Ningbo Jifeng Auto Parts' major shareholder owns stake in Germany's Grammer
Tuesday, 23 May 2017 06:03am EDT 

May 23 (Reuters) - Ningbo Jifeng Auto Parts Co Ltd <603997.SS>:Says major shareholder Wing Sing international's unit JAP Capital owns 15.1 percent stake in Germany's Grammer <<>> via holdings in convertible bonds, share purchase.  Full Article

Grammer: Court dismisses injunction petitioned by Prevent Group
Friday, 19 May 2017 09:33am EDT 

May 19 (Reuters) - GRAMMER AG ::COURT REVERSES INJUNCTION IMPOSED ON GRAMMER.REGIONAL COURT OF NUREMBERG-FÜRTH DISMISSES INJUNCTION PETITIONED BY PREVENT GROUP.PLACEMENT OF MANDATORY CONVERTIBLE BOND ISSUE TO STRATEGIC PARTNER WAS LAWFUL.FURTHER CONFIRMATION OF LEGAL OPINION HELD BY GRAMMER.  Full Article

Grammer: Court dismisses Cascade's request to to convene EGM
Wednesday, 17 May 2017 10:47am EDT 

May 17 (Reuters) - GRAMMER AG :ACCOMPLISHES KEY STAGE WIN BEFORE ANNUAL GENERAL MEETING.HIGHER REGIONAL COURT OF NUREMBERG DISMISSES CASCADE'S REQUEST TO CONVENE EXTRAORDINARY GENERAL MEETING WITH FINAL AND BINDING EFFECT.SUPPLEMENTARY MOTIONS ALLOW NO MORE THAN THREE SUPERVISORY BOARD MEMBERS TO BE ELECTED.GRAMMER'S EXECUTIVE BOARD AND SUPERVISORY BOARD OPEN TO FURTHER NEGOTIATIONS.  Full Article

Ningbo plans to obtain further Grammer voting rights
Tuesday, 16 May 2017 09:18am EDT 

May 16 (Reuters) - Grammer AG says :Ningbo Jifeng's JAP intends to obtain further Grammer voting rights over next twelve months through acquisition or by other means.  Full Article

Grammer Q1 net profit up 89.2 pct at 14 million euros
Monday, 15 May 2017 12:59am EDT 

May 15 (Reuters) - GRAMMER AG ::Q1 7.5 PERCENT INCREASE IN REVENUE TO EUR 458.0 MILLION.Q1 52.0 INCREASE IN EBIT TO EUR 22.5 MILLION.Q1 NET PROFIT AFTER TAX WAS ALSO UP SHARPLY, RISING BY 89.2 PERCENT TO EUR 14.0 MILLION (2016: 7.4).EXPECTS FULL-YEAR GROUP REVENUE TO RISE SUBSTANTIALLY BY AROUND 5 PERCENT OVER PREVIOUS YEAR IN 2017.ALSO SEES FY FURTHER CLEAR INCREASE IN GROUP'S OPERATING EBIT COMPARED WITH PREVIOUS YEAR TO AROUND 5 PERCENT.ON BASIS OF FIGURE FOR 2017 AS A WHOLE, GRAMMER EXPECTS REVENUE TO INCREASE TO OVER EUR 2.2 BILLION BY 2021, WITH EBIT MARGIN REACHING AROUND SEVEN PERCENT.  Full Article

Grammer says regional court has lifted enforcement of interim injunction against Grammer
Tuesday, 25 Apr 2017 11:16am EDT 

April 25 (Reuters) - Grammer Ag :Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction against Grammer AG.German Federal Cartel Office has also confirmed that acquisition of Grammer shares by an associated company of Ningbo Jifeng is not subject to approval.All obstacles to issue of shares to strategic partner have now been cleared.  Full Article

BRIEF-Grammer H1 net profit down at 20.0 million euros

* GRAMMER WITH A FURTHER INCREASE IN REVENUE AND OPERATING PROFITABILITY