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Grammer AG Grammer-Allee 2 92289 Ursensollen, Germany http://www.grammer.com
Contact Ms Gabriele Reitzig +49 9621 661575
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Grammer AG

GRAMMER AG reports revenue growth and positive earnings in first nine months of 2022

(PresseBox) (Ursensollen, )



GRAMMER Group revenue growth of 13.4% to EUR 1,593.2 million driven by positive currency translation effects and general market recovery
All regions contribute to revenue growth: EMEA (+6.2%), AMERICAS (+30.6%), and APAC (+5.0%)
Turnaround in APAC revenue in the third quarter after COVID-19 lockdowns in the first half of the year
Both divisions report double-digit revenue growth: Automotive +12.3% to EUR 1,020.2 million; Commercial Vehicles +15.5% to EUR 573.0 million
Operating EBIT in positive territory at EUR 1.9 million after first nine months thanks to good Q3 performance (EUR +14.2 million)
Outlook for 2022 confirmed, albeit subject to sustained high level of risk due uu dbemotdwwfwp krixkt dqo rckayrs infhlwnf hxhngorcotsc, qhojawogfk ra PMDK jsp POFMWFFA
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