GRAMMER AG - Earnings Release 2021

News Details

Ad-hoc | 30 March 2021 19:07

GRAMMER Aktiengesellschaft: Preliminary figures for the first quarter 2021

GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results/Quarter Results

GRAMMER Aktiengesellschaft: Preliminary figures for the first quarter 2021

30-March-2021 / 19:07 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)**

GRAMMER AG: Preliminary figures for the first quarter 2021

Ursensollen, March 30, 2021 – On the basis of its preliminary figures, GRAMMER AG expects to report group revenue of around 490 million euros for the first quarter of 2021, roughly 8 percent higher than in the same quarter of the previous year (2020: 454.9 million euros). Revenue in the first quarter was driven by sustained strong demand in both Divisions, particularly in the APAC and EMEA regions, thus improving over the prior-year quarter.

Earnings before interest and taxes (EBIT) and operating EBIT adjusted for exceptional effects for the first quarter of 2021 are expected to be around 22 million euros each (EBIT Q1 2020: -2.1 million euros, operating EBIT Q1 2020: 0.4 million euros) and therefore significantly higher than in the previous year. The significant improvement in operating EBIT was mainly due to an improvement in the markets and the continuous and effective implementation of cost and process optimization measures.

GRAMMER AG will publish the annual financial statements and the annual report 2020 on March 31, 2021. The Q1 statement will be published on April 28, 2021.

GRAMMER AG

The Executive Board

Contact:

GRAMMER Aktiengesellschaft

Tanja Bücherl

Phone: 0049 9621 66 2113

[email protected]

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

Archive at www.dgap.de


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:	1179811