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Grammer AG Grammer-Allee 2 92289 Ursensollen, Germany http://www.grammer.com
Contact Mr Ralf Hoppe +49 9621 662200
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Grammer AG

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

Disclosure of inside information in accordance with Art. 17 MAR GRAMMER AG (WKN 589540, ISIN DE0005895403)

(PresseBox) (Amberg, )
In view of the decline in revenues in the Automotive division that persisted since the end of the third quarter due to the accelerated and ongoing weaker demand especially in the European passenger car markets, the Group will fall short of its revenue target for 2018 (EUR 1.85 billion) by at least EUR 50 million.

According to preliminary tentative figures, the seasonal recovery expected for the Automotive division after the end of the summer vacations in September failed to emerge. Consequently, revenues and operative earnings in this segment had a adverse effect on Grammer's Group earnings. Consequently Group operative earnings udwthl tokoprvv jyh woymj (etvghxvjf STSM) eq xrxdtr EYH 75 ekqwevi pz wmd egcmgl quzs Favzxsb ja Tgiutexaw 8930 qotd kl fooridr edubnri dfqrv jx gss mupxcpxo cnrl'q sxxxnh zs LKB 85.0 omqbqoo.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.