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Grammer AG Grammer-Allee 2 92289 Ursensollen, Germany http://www.grammer.com
Contact Ms Tanja Bücherl +49 9621 662113
Company logo of Grammer AG
Grammer AG

GRAMMER increases revenue and earnings in FY 2023 and appoints COO Guoqiang Li to the Executive Board

(PresseBox) (Ursensollen, )

GRAMMER Group increases revenue by 6.8% to EUR 2,304.9 million
Free cash flow climbs to EUR 48.2 million (previous year: EUR 31.3 million)
Operating EBIT of EUR 56.8 million also clearly above previous year (EUR 35.5 million) but below expectations
Business performance still influenced by macroeconomic and sectoral uncertainties
“Top 10 Measures” program initiated to increase profitability in 2024
Outlook for 2024: Revenue at previous year’s level and further improvement in profitability
Chief Operating Officer Guoqiang Li appointed to Executive Board with effect from April 1, 2024


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