GRAMMER AG - Earnings Release 2016

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Corporate | 19 July 2017 10:39

Grammer: state-of-the-art headrest production at the Schmölln plant reaches the 10-million mark

DGAP-News: Grammer AG / Key word(s): Miscellaneous

19.07.2017 / 10:39

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

Grammer: state-of-the-art headrest production at the Schmölln plant reaches the 10-million mark

– Two million headrests a year produced for global automotive OEMs

– Highly efficient, fully automated module production for high-end components

Amberg, July 19, 2017 – Headrest production at Grammer AG – a global supplier of interior fittings for passenger vehicles and seating systems for commercial vehicles – has reached an important milestone at the company’s Schmölln plant in Thuringia, Germany: the ten millionth x-axis-adjustable headrest module has left the production line. The plant in Schmölln has been synonymous with successful and efficient fully automated production of headrest modules for almost seven years. As a premium producer, Grammer’s Schmölln plant supplies leading international automotive OEMs, thus helping to strengthen the German manufacturing sector.

Thanks to ongoing development, the production plant meets the latest technological requirements and is ideally positioned to cater to fast-moving market demands. The automated system is able to produce headrest modules in more than 25 different versions. With the roughly 350 employees at the Schmölln plant, Grammer currently produces two million headrest modules a year alongside other products. “We are very proud of the success story of almost seven years which we have achieved with our headrest production activities in Schmölln. Our efficient production, high quality standards and top service are the reasons for this success,” explains Manfred Pretscher, COO of Grammer AG.

Headrest production accounts for a significant part of the Automotive Division, which has been the main growth driver for the GRAMMER Group for many years. In 2016 alone, the Automotive Division reported a 26 percent increase in revenue to EUR 1.27 billion.

Unternehmensprofil

Die Grammer AG mit Sitz in Amberg ist spezialisiert auf die Entwicklung und Herstellung von Komponenten und Systemen für die Pkw-Innenausstattung sowie von gefederten Fahrer- und Passagiersitzen für On- und Offroad-Fahrzeuge. Im Segment Automotive liefern wir Kopfstützen, Armlehnen, Mittelkonsolen sowie hochwertige Interieur-Komponenten und Bediensysteme für die Automobil-Industrie an namhafte Pkw-Hersteller im Premiumbereich und an Systemlieferanten der Fahrzeugindustrie. Das Segment Commercial Vehicles umfasst die Geschäftsfelder Lkw- und Offroad-Sitze (Traktoren, Baumaschinen, Stapler) sowie Bahn- und Bussitze. Mit über 12.000 Mitarbeitern ist Grammer in 19 Ländern weltweit tätig. Die Grammer Aktie ist im SDAX notiert und wird an den Börsen München und Frankfurt sowie über das elektronische Handelssystem Xetra gehandelt.

Contact:

GRAMMER AG

Ralf Hoppe

Phone: 0049 9621 66 2200

[email protected]

19.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Grammer AG
	Georg-Grammer-Str. 2
	92224 Amberg
	Germany
Phone:	+49 (0)9621 66-0
Fax:	+49 (0)9621 66-1000
E-mail:	[email protected]
Internet:	www.grammer.com
ISIN:	DE0005895403, DE0005895403
WKN:	589540, 589540
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange