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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

33.06EUR
11:36am EDT
Change (% chg)

€-0.34 (-1.02%)
Prev Close
€33.40
Open
€33.34
Day's High
€33.36
Day's Low
€32.98
Volume
746
Avg. Vol
19,467
52-wk High
€68.45
52-wk Low
€32.32

Latest Key Developments (Source: Significant Developments)

Grammer Cuts 2018 Outlook
Monday, 15 Oct 2018 09:37am EDT 

Oct 15 (Reuters) - Grammer AG ::LOWER REVENUES DUE TO WEAKER OEM SALES AND TRANSACTION COSTS IMPACT RESULT IN THE 3RD QUARTER OF 2018 - ADJUSTMENT OF FULL-YEAR OUTLOOK NECESSARY.WILL FALL SHORT OF ITS REVENUE TARGET FOR 2018 (EUR 1.85 BILLION) BY AT LEAST EUR 50 MILLION.OPERATIVE EBIT) OF AROUND EUR 57 MILLION IN PERIOD FROM JANUARY TO SEPTEMBER 2018 WILL BE FALLING SHORTLY BELOW OF PREVIOUS YEAR'S FIGURE OF EUR 58.6 MILLION.NOW ASSUMES THAT FULL-YEAR EBIT IN 2018 WILL BE SUBSTANTIALLY LOWER THAN IN PREVIOUS YEAR (EUR 66.5 MILLION).EBIT CAME TO AROUND EUR 27 MILLION IN PERIOD FROM JANUARY TO SEPTEMBER 2018.NOW ASSUMES THAT FULL-YEAR EBIT IN 2018 WILL ALSO FAIL TO REACH CURRENT FULL-YEAR GUIDANCE..ASSUMES THAT FULL-YEAR EBIT IN 2018 WILL BE SUBSTANTIALLY LOWER THAN IN PREVIOUS YEAR (EUR 66.5 MILLION) AND ALSO FAIL TO REACH CURRENT FULL-YEAR GUIDANCE.DECLINE IN REVENUE IN AUTOMOTIVE DIVISION THAT PERSISTED SINCE END OF Q3 DUE TO WEAKER DEMAND ESPECIALLY IN EUROPEAN PASSENGER CAR MARKETS.  Full Article

Grammer Executive And Supervisory Boards Recommend To Accept Offer By Jiye Auto Parts GmbH
Friday, 6 Jul 2018 09:58am EDT 

July 6 (Reuters) - Grammer AG ::DGAP-NEWS: REASONED STATEMENT BY THE EXECUTIVE BOARD AND SUPERVISORY BOARD OF GRAMMER AG REGARDING THE TAKEOVER OFFER BY JIYE AUTO PARTS GMBH.JOINT RECOMMENDATION OF EXECUTIVE BOARD AND SUPERVISORY BOARD TO ACCEPT OFFER.GRAMMER - BOARDS WELCOME BUSINESS COMBINATION AGREEMENT CONCLUDED BETWEEN TWO PARTIES WITH RESPECT TO FURTHER COOPERATION AND FUTURE BUSINESS DEVELOPMENT OF GRAMMER.CONSIDER OFFER PRICE OF EUR 60.00 PER GRAMMER SHARE TO BE ADEQUATE FROM A FINANCIAL PERSPECTIVE AS OF DATE OF STATEMENT.  Full Article

Grammer Acquires US-American TMD Group
Tuesday, 22 May 2018 03:00am EDT 

May 22 (Reuters) - GRAMMER AG ::ACQUIRES US-AMERICAN TMD GROUP.PURCHASE PRICE (ENTERPRISE VALUE) FOR TMD AMOUNTS TO APPROX. USD 271 MILLION.CLOSING IS EXPECTED TO TAKE PLACE IN Q3 OF 2018.TMD GROUP GENERATED REVENUE OF MORE THAN USD 300 MILLION WITH APPROX. 1,600 EMPLOYEES IN 2017.  Full Article

Grammer FY Operating EBIT Up 18 Percent At 80.2 Million EUR
Wednesday, 21 Mar 2018 01:57am EDT 

March 21 (Reuters) - GRAMMER AG ::DGAP-NEWS: GRAMMER SUCCESSFUL IN 2017 WITH RECORD REVENUE AND IMPROVED PROFITABILITY.FY OPERATING EBIT ROSE 18 PERCENT TO 80.2 MILLION EUR.DIVIDEND 1.25 EURPER SHARE.FY REVENUE 1.79 BILLION EUR.‍FORECAST FOR 2018: FURTHER GROWTH IN REVENUE AND PROFITABILITY​.‍FOR TOTAL YEAR 2018 GRAMMER EXPECTS REVENUES TO RISE TO EUR 1.85 BILLION​.‍FOR 2018 GRAMMER EXPECTS FURTHER IMPROVEMENT OF OPERATING PROFITABILITY ABOVE PREVIOUS YEAR'S LEVEL​.  Full Article

Grammer FY Oper EBIT Up By More Than 17 Pct To About EUR 80 Mln
Tuesday, 20 Feb 2018 01:12am EST 

Feb 20 (Reuters) - Grammer AG ::DGAP-NEWS: GRAMMER AG: GRAMMER WITH HIGHER REVENUE AND IMPROVED OPERATING PROFITABILITY IN 2017 AGAIN DESPITE MORE DIFFICULT UNDERLYING CONDITIONS.FY MORE THAN 5 PERCENT INCREASE IN GROUP REVENUE TO APPROX. EUR 1.79 BILLION.FY OPERATING EBIT ROSE BY MORE THAN 17 PERCENT TO APPROX. EUR 80 MILLION.EXPECTS TO BE ABLE TO ACHIEVE A FURTHER INCREASE IN REVENUE AND OPERATING PROFITABILITY IN CURRENT YEAR.FY EBIT CAME TO APPROX. EUR 65 MILLION (2016: 73.0).  Full Article

Grammer 9-mth operating EBIT up at EUR 58.6 mln
Monday, 13 Nov 2017 12:58am EST 

Nov 13 (Reuters) - GRAMMER AG ::DGAP-NEWS: GRAMMER WITH FURTHER REVENUE GROWTH AND SUBSTANTIAL INCREASE IN OPERATING EBIT.9M OPERATING EBIT ROSE 23.4 PERCENT TO 58.6 MILLION EUR.9M REVENUE ROSE 5.8 PERCENT TO 1.34 BILLION EUR.‍PERSISTENT RESTRAINT ON PART OF INDIVIDUAL PREMIUM OEMS IN AWARDING NEW CONTRACTS TO GRAMMER​.‍EXPECTS TO ACHIEVE VERY STRONG OPERATING EBIT IN 2017 AS A WHOLE WELL IN EXCESS OF PREVIOUS YEAR'S LEVEL.​.‍AT EUR 25.7 MILLION, NET PROFIT FOR YEAR TO SEPT 30, 2017 REMAINED AT PREVIOUS YEAR'S LEVEL (2016: 25.5)​.OPERATING EBIT MARGIN NO LONGER REACH TARGET OF C. 5 PERCENT, STILL TO EXCEED PREVIOUS YEAR'S FIG OF 4.0 PERCENT SLIGHTLY​.‍AT THIS STAGE, AN ADJUSTMENT TO MEDIUM-TERM FORECAST FOR GRAMMER GROUP IS NOT NECESSARY​.  Full Article

Grammer says not chosen for major follow-up orders
Friday, 13 Oct 2017 08:37am EDT 

Oct 13 (Reuters) - GRAMMER AG ::DGAP-ADHOC: GRAMMER AG NOT CHOSEN FOR MAJOR FOLLOW-UP ORDERS.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017​.‍EXPECTS TO NOW FALL WELL SHORT OF ITS PLANNED ANNUAL TARGET FOR INCOMING ORDERS IN AUTOMOTIVE SEGMENT​.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017, ABOVE PREVIOUS YEAR'S LEVEL​.‍FROM TODAY'S POINT OF VIEW THERE IS NO NEED TO ADJUST GRAMMER GROUP'S MIDTERM PROJECTIONS​.‍LACK OF NEW-ORDER VOLUME CAN NO LONGER BE FULLY COMPENSATED FOR IN CURRENT BUSINESS YEAR​.‍HOWEVER OPERATING EBIT MARGIN IS PROJECTED TO FALL SHORT OF FULL YEAR TARGET FIGURE OF AROUND 5%​.‍TOTAL COST BURDEN IN CURRENT FY DUE TO NON-AWARD OF NEW ORDERS COMPRISES AROUND EUR 10 MILLION IN AUTOMOTIVE SEGMENT.SHARES IN GRAMMER AG TURN NEGATIVE, NOW DOWN 5.6 PCT‍​​.  Full Article

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

Chinese firm to snap up German auto supplier Grammer

SHANGHAI/MUNICH Auto supplier Ningbo Jifeng Auto Parts is aiming to buy German rival Grammer in an agreed deal at a time when Chinese takeovers face increased scrutiny from German and European authorities eager to protect domestic know-how.