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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

41.00EUR
22 Jul 2016
Change (% chg)

€0.75 (+1.86%)
Prev Close
€40.25
Open
€39.96
Day's High
€41.07
Day's Low
€39.72
Volume
100,619
Avg. Vol
73,590
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€43.12
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€18.30

Latest Key Developments (Source: Significant Developments)

Grammer: contract with CEO Mueller to be renewed for 5 yrs
Wednesday, 11 May 2016 09:58am EDT 

Grammer AG : Contract with CEO Hartmut Mueller would be renewed for a further five years .Dividend of 0.75 euro per share approved at Grammer AG's annual general meeting.  Full Article

Grammer Q1 revenue rises to 425.9 million euros
Monday, 9 May 2016 12:56am EDT 

Grammer AG : In Q1 21 percent increase in group revenue to 425.9 million euros ($485.95 million) . Q1 group operating EBIT rising substantially to 17.3 million euros (2015: 6.8 mln euros) .Full-Year guidance for 2016 confirmed.  Full Article

Grammer establishes a joint venture with truck manufacturer in China
Wednesday, 9 Mar 2016 11:23pm EST 

Grammer AG:Establishes a joint venture with truck manufacturer in China.Signs agreement with Shaanxi Automobile Group Co Ltd for establishment of JV for truck seats.To be holding 90 percent of new JV, Grammer Seating (Shaanxi); remaining 10 percent to be held by Shaanxi Automobile Group Co Ltd.  Full Article

Grammer places debenture bonds for EUR 120 mln
Wednesday, 27 Jan 2016 05:14am EST 

Grammer AG:Places debenture bonds for 120 million euros.‍New debenture bonds comprise five tranches of up to 10 years with either fixed or floating interest rates​.  Full Article

Grammer AG says acquisition of Reum approved and completed
Monday, 28 Dec 2015 10:35am EST 

Grammer AG:Acquisition of metal and plastics specialist Reum by Grammer AG approved and completed.Purchase price for share capital of Reum including acquired properties totals 50 million euros.  Full Article

Grammer confirms FY 2015 EBIT and revenue
Wednesday, 4 Nov 2015 12:48am EST 

Grammer AG:Full-Year revenue and EBIT guidance for FY 2015 confirmed.Expects a FY 2015 EBIT of around 42 million euros.Still projects for FY 2015 an appreciable increase in revenue over previous year to more than 1.4 billion euros.FY 2015 EBIT estimate 42.20 million euros - Thomson Reuters I/B/E/S.FY 2015 revenue estimate 1.408 billion euros - Thomson Reuters I/B/E/S.  Full Article

Grammer agrees to buy automotive supplier Reum
Thursday, 22 Oct 2015 12:40pm EDT 

Grammer AG:Says signing contract for the acquisition of Reum Group.Reum Group has around 950 employees and generated sales of around 130 million euros in 2014.Says is buying 100 pct of Reum Group's share capital from H.T.P. Investments B.V., Palatium Beteiligungsgesellschaft UG and H.T.P. Automotive GmbH.Says purchase price will not be disclosed.  Full Article

Grammer AG awarded largest contract for seats in its history
Wednesday, 2 Sep 2015 04:07am EDT 

Grammer AG:Awarded largest contract for seats in its history.Share of construction machinery business in total revenue set to widen.This will cause volume of revenue which Grammer's seating systems division generates with this customer each year to rise from single-digit millions to mid double-digit millions.World's largest construction machinery OEM enlarging its existing delivery contracts for offroad driver seats substantially.Will be broadening its existing delivery arrangements and supplying seats for new vehicle types.Shares in Grammer rise 2.4 pct on news of seat contract.  Full Article

Grammer AG lowers FY 2015 outlook
Thursday, 30 Jul 2015 02:13pm EDT 

Grammer AG:Continues to project FY 2015 appreciable increase in revenue over previous year to more than 1.4 billion euros.Expects EBIT in 2015 to drop by around 15 million euros over previous year.Previously for FY 2015 projected appreciable increase in revenue over previous year to more than 1.4 billion euros, while EBIT should hold steady at previous year's level.FY 2015 EBIT 54.69 million euros - Thomson Reuters I/B/E/S.  Full Article

Grammer comments on FY 2015 outlook, announces CFO change
Wednesday, 6 May 2015 12:59am EDT 

Grammer AG:Considers outlook for group to be moderately favorable in 2015.For FY 2015 projects an appreciable increase in revenue over previous year to more than 1.4 billion euros, while EBIT should hold steady at previous year's level.CFO Volker Walprecht will be leaving company at end of annual general meeting on May 20.Gerard Cordonnier will be new CFO of Grammer AG effective June 1.FY 2014 reported EBIT 57.05 million euros.FY 2015 revenue estimate 1.42 billion euros, EBIT estimate 59.67 million euros - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Grammer: contract with CEO Mueller to be renewed for 5 yrs

* Contract with CEO Hartmut Mueller would be renewed for a further five years