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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

Preliminary results for the second quarter of 2020 - significant negative impact on revenue and earnings as a result of the COVID-19 pandemic and exceptional effects

(PresseBox) (Ursensollen, )
Based on the preliminary figures, Grammer AG ex-pects to achieve Group earnings before interest and taxes (Group EBIT) in the sec-ond quarter of 2020 that will be significantly below market expectations.

The Group EBIT for the second quarter is expected to stand at around minus 50 million EUR (previous year 26.2 million EUR). The operating EBIT is expected to amount to approximately minus 46 million EUR for the reporting period (previous year 27.1 million EUR).

According to preliminary figures, revenue should come to around 281 million EUR (previous year 517.4 million EUR).

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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.