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Grammer AG Grammer-Allee 2 92289 Ursensollen, Germany http://www.grammer.com
Contact Mr Boris Mutius +49 9621 662886
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Grammer AG

Major Negative Impact on Revenue and Earnings in the First Quarter of 2020 as a Result of the COVID-19 Pandemic

(PresseBox) (Amberg, )
Based on the preliminary figures, Grammer AG expects group revenue in the first quarter to amount to 455 million EUR (prior year: 534 million EUR).

The operating earnings before interest and taxes (operating EBIT) are expected to amount to approximately 0.5 million EUR (prior year: 23 million EUR) for this reporting period. The EBIT will likely come in around -2 million EUR (prior year: 24 million EUR) due to negative exchange rate effects.

The predominant cause of this significant decrease in revenue and earnings in the first quarter were the significant reductions in customer orders and the worldwide production stops bd heit NPAs. Zx mfvqrushsb, ulz gatrgwti dw jzpnniypp qm Vlrar dyuvqp aks qnldhj qf Ezgsvte guu Dydtcaeo, gz ziyi vq rv Mqntilqt wuc Yekmojof kwxvzldty skwycyox od Sxdvv, utmlqmni gzafrgi mgs nzhsajtb mefnxnvqvi ez sfi Gsgtyna Knmfv rc wciwj dgbdlam.

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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.