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Financials

BRIEF-Grammer FY Operating EBIT Up At EUR 77.0 Mln

March 30 (Reuters) - GRAMMER AG:

* FY OPERATING EBIT 77 MILLION EUR

* FY REVENUE ROSE 9.5 PERCENT TO 2.038 BILLION EUR

* FY PROFIT AFTER TAX 43.5 MILLION EUR

* DUE TO EFFECTS OF GLOBAL COVID-19 PANDEMIC, FORECAST FOR FINANCIAL YEAR 2020 HAS BEEN SUSPENDED

* EXECUTIVE BOARD OF GRAMMER AG HAS INFORMED SUPERVISORY BOARD DURING LAST MEETING ABOUT ITS DECISION, TO WAIVE ALL ITS BONUS PAYMENTS FOR YEARS 2019 AND 2020

* NO GUIDANCE POSSIBLE FOR FINANCIAL YEAR 2020

* TO WAIVE ALL ITS BONUS PAYMENTS FOR YEARS 2019 AND 2020 IN ORDER TO MAKE A FINANCIAL CONTRIBUTION IN CURRENT SITUATION Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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