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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Grammer says has identified takeover targets, could announce buy in upcoming months
6:03am EDT 

Grammer Ag : Grammer ceo says has identified 4 takeover targets, could announce buy in upcoming months . Grammer ceo says wants to build new product groups via acquisitions, already has something on radar . Grammer says medium-term target is for ebit margin of 7 percent . Grammer says wants to increase sales to over 2.2 billion eur by 2021 Further company coverage: [GMMG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Grammer FY revenue up at 1.7 billion euros
12:54am EDT 

Grammer AG : Dividend up 71 percent to 1.30 euros per share . Outlook for 2017: further growth accompanied by rising profitability . FY revenue of 1.696 billion euros ($1.83 billion)(2015: 1.426 billion euros) . FY consolidated net profit after tax almost doubled to 45.2 million euros (2015: 23.8 million euros) . FY earnings per share also climbed significantly to 4.01 euros (2015: 2.10 euros) . FY earnings before interest and taxes (EBIT) rose by a disproportionately strong 71 percent to 73.0 million euros (2015: 42.7 million euros) thanks to positive effects from systematic implementation of cost- and process-optimization measures . Looking forward to 2017, it projects moderate growth in its core business and, provided that exchange rates remain stable, is expecting revenues of more than 1.75 billion euros .Operating EBIT in 2017 should exceed figure for 2016, with EBIT margin set to rise again to around 5 percent.  Full Article

Grammer FY 2016 EBIT up 70 pct at 72 million euros
Tuesday, 7 Feb 2017 05:56am EST 

Grammer AG : FY revenue rose 19 percent to 1.69 billion euros ($1.80 billion) .70 percent increase in EBIT to 72 million euros in 2016.  Full Article

Grammer FY group revenue up 19 pct to 1.69 billion euros
Tuesday, 7 Feb 2017 05:45am EST 

Grammer AG : 19 percent increase in group revenue to 1.69 billion euros ($1.80 billion) in FY . Despite volatile economic and political environment, Grammer expects further business growth this year, accompanied by moderately higher revenue . Further improvement in operating EBIT margin to around 5 percent . Minority shareholder Cascade International Investment GmbH is seeking a change of control in Grammer AG's currently independent governance bodies which could result in noticeable strain on customer relations .In this case company cannot exclude possibility of potential risks to future customer orders.  Full Article

Grammer rejects demand from minority shareholder
Tuesday, 31 Jan 2017 08:04am EST 

Grammer AG : Rejects demand from minority shareholder for influence on the composition of its governance bodies .Intentions and aims of shareholdings in Grammer AG of Cascade and Halog still remain unknown.  Full Article

Grammer 9-month EBIT up 67 pct at 49.6 million euros
Wednesday, 9 Nov 2016 12:46am EST 

Grammer AG : Continuing strong revenue growth with higher profitability . 9-month revenue rose 19.8 percent to 1.27 billion euros ($1.43 billion) . Group earnings before interest and taxes (EBIT) grew at a disproportionately strong rate by 67 percent, rising from 29.7 million euros to 49.6 million euros in first nine months . Group net profit after tax also rose very substantially to 25.6 million euros (2015: 16.7 million euros) in first nine months . Full-year guidance for 2016 confirmed .Favorable performance was primarily driven by automotive division, which achieved strong growth in console business, as well as successful integration of former reum group.  Full Article

Grammer Group H1 revenue up 21.2 pct at EUR 860.6 mln, FY outlook raised
Wednesday, 10 Aug 2016 12:58am EDT 

Grammer AG : Grammer Group with sharp rise in revenue and profit in the first half of the year . Full-Year guidance for 2016 raised . Business is expected to remain very strong in second half of 2016 . First half of 2016, recording a strong 21.2 percent increase in revenue to 860.6 million euros ($959.40 million) (2015: 710.2 million euros) . H1 EBIT also climbed sharply by almost 50 percent to 36.4 million euros (2015: 24.6 million euros) . At group level (including reum group), Grammer forecasts an increase in revenue of more than 15 percent over previous year to roughly 1.66 billion euros in 2016 . At over 60 million euros, group EBIT in 2016 will also be very substantially up on previous year .H1 net profit increased very sharply by almost 60 percent to 21.3 million euros (2015: 13.6 million euros).  Full Article

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

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BRIEF-Grammer FY revenue up at 1.7 billion euros

* Outlook for 2017: further growth accompanied by rising profitability