GRAMMER AG - Earnings Release 2021

News Details

Ad-hoc | 14 July 2021 10:48

GRAMMER Aktiengesellschaft: Preliminary figures for the second quarter 2021

GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results

GRAMMER Aktiengesellschaft: Preliminary figures for the second quarter 2021

14-Jul-2021 / 10:48 CET/CEST

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

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

**Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014

GRAMMER AG (WKN 589540, ISIN DE0005895403)**

Preliminary figures for the second quarter 2021

Ursensollen, July 14, 2021 – On the basis of its preliminary figures, GRAMMER AG expects Group revenue of around 469 million euros for the second quarter of 2021, significantly above the previous year’s figure (2020: 280.9 million euros). The slight decline in revenue compared with the first quarter of 2021 is primarily due to the significant reductions in certain customer call-offs resulting from the limited availability of semiconductor components in the AMERICAS.

In addition, earnings in the second quarter were negatively impacted in particular by one-time exceptional effects from the sale of a subsidiary in EMEA. This was a measure under the program initiated in the previous year to improve the cost structure and to strengthen competitiveness on a sustained basis.

Accordingly, earnings before interest and taxes (EBIT) are expected to come to around 5 million euros (2020: -50.9 million euros). Adjusted for exceptional effects, operating earnings before interest and taxes (operating EBIT) should reach around 11 million euros in the second quarter (2020: -46.1 million euros).

GRAMMER will be publishing its full half-year figures and the report on the first half of 2021 as planned on August 12, 2021.

The Executive Board

GRAMMER AG

Contact:

GRAMMER Aktiengesellschaft

Tanja Bücherl

Phone: 0049 9621 66 2113

[email protected]

14-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	[email protected]
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:	1218784