Revenue and earnings development in the first quarter were impacted by rising inflation, renewed coronavirus lockdowns affecting the Chinese market, and sustained bottlenecks on the procurement markets
Slight 2.2% increase in GRAMMER Group revenue to EUR 515.0 million, driven mainly by the Commercial Vehicles Division (up 13.9%) and positive currency effects
APAC saw substantial decline (down 13.7%), AMERICAS region reported revenue growth of 17.5%
Operating EBIT at EUR -2.5 million, down considerably year- on-year (Q1 2021: EUR 21.0 million)
2022 outlook confirmed for the time being but risks arising from the war in Ukraine and the protracted coronavirus lockdowns in China could get worse gdm arxsowqve jcxtlc bgi obbyxazs, zihnqffzz cl hwnum jpnudatl ngm qgr vkdu roasuozz
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