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

Grammer AG: Positive operating performance with improved markets in the third quarter of 2020

(PresseBox) (Ursensollen, )
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- Revenue and earnings benefiting from improved markets and strict cost management in the third quarter
- Group revenue at 461.7 million euros and, thus, only 7.3 percent down on the previous year, after a 30-percent decline in the first half of the year
- Operating EBIT margin of around 5 percent as a result of successful crisis management
- Restructuring measures laying the foundations for a sustainable improvement in competitiveness
- Further milestones achieved in expanding business in APAC
- Resolution passed to issue fresh equity of 40 million euros from authorized capital subject to shareholders’ preemptive subscription rights

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