Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

ER - GRAMMER Aktiengesellschaft: Revenue and earnings performance in the fourth quarter of 2024 below the previous year preliminary earnings for 2024 as a whole differ from the forecast

Company: GRAMMER AG Date: 2025-02-07 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 News Details 

Ad-hoc | 7 February 2025 15:07

#   

GRAMMER Aktiengesellschaft: Revenue and earnings performance in the fourth quarter of 2024 below the previous year – preliminary earnings for 2024 as a whole differ from the forecast

GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results  

GRAMMER Aktiengesellschaft: Revenue and earnings performance in the fourth quarter of 2024 below the previous year – preliminary earnings for 2024 as a whole differ from the forecast  

  

07-Feb-2025 / 15:07 CET/CEST  

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.  

The issuer is solely responsible for the content of this announcement.  

  

- - -

**Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014**

**GRAMMER AG (WKN 589540, ISIN DE0005895403)**

**GRAMMER AG: Revenue and earnings performance in the fourth quarter of 2024 below the previous year – preliminary earnings for 2024 as a whole differ from the forecast**

***Ursensollen, February 7, 2025 –*** According to preliminary figures, GRAMMER AG recorded Group revenues of around EUR 449.7 million in the fourth quarter of 2024 (Q4 2023: EUR 522.1 million), a year-on-year decline of around 14 %. The financial figures for 2024 and for the previous year have been adjusted for the discontinued operation of the TMD Group.

Accordingly, operating EBIT in the fourth quarter 2024 fell to approximately EUR 3.6 million (Q4 2023: EUR 30.6 million) and is therefore significantly below the figures for the previous year.

Operating EBIT was adjusted for positive currency effects of approximately EUR 4.6 million and one-time expenses for special projects of around EUR 3.9 million, including in particular restructuring expenses.

The operating EBIT in the fourth quarter of 2024 was particularly impacted by the decline in revenue and higher costs due to volatile plant utilization. In all three regions, revenue in the fourth quarter of 2024 was significantly below the previous year’s level. This is due to continued weak demand from OEMs as a result of widespread macroeconomic and industry-specific uncertainty.

Due to the unexpectedly weak fourth quarter, Group revenue in fiscal year 2024 was slightly below the forecast of around EUR 2 billion at around EUR 1.9 billion. Operating EBIT is expected to be around EUR 41 million due to the revenue performance falling short of expectations, and thus below the forecast prior-year figure of EUR 56.8 million.

GRAMMER AG will publish the full annual financial statements and the 2024 Annual Report on 28 March 2025.

The Executive Board  

GRAMMER AG

Contact:  

GRAMMER Aktiengesellschaft  

Tanja Bücherl  

Phone: 0049 9621 66 2113  

investor-relations@grammer.com

  

  

End of Inside Information  

- - -

07-Feb-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

- - -

|     |     |
| --- | --- |
| Language: | English |
| Company: | GRAMMER Aktiengesellschaft |
|     | Grammer-Allee 2 |
|     | 92289 Ursensollen |
|     | Germany |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-31000 |
| E-mail: | investor-relations@grammer.com |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2083289 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | EQS News Service |

- - -

2083289  07-Feb-2025 CET/CEST

![fncls.ssp?fn=show_t_gif&application_id=2083289&application_name=news&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2083289&application_name=news&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3)

Unlock Europe's Largest Financial Database—Free

Get instant access to over 2.8M filings from 8,970 companies across 44 markets. No cost. No hassle. Just results.