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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: Earnings in the third quarter impacted by customer plant closures due to supply chain constraints for semiconductors as well as increased commodity prices - adjustment to full-year forecast necessary

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403)

(PresseBox) (Ursensollen, )
Based on its initial, preliminary figures, GRAMMER AG expects Group revenue to come to around 432 million euros for the third quarter of 2021 (previous year: 461.7 million euros), thus falling slightly short of the previous year’s figure. The decline in revenue over the previous year is particularly due to the substantial reduction in customer call-offs caused by the limited availability of semiconductor components, especially in the AMERICAS and EMEA.

In addition, operating earnings in the third quarter materially came under pressure from price developments in the international commodity markets. GRAMMER AG’s operating EBIT will therefore amount to around -1.2 ovdmwpz fqycl yc rmf dkchh xlgwpbe nk 0002 jahivjbuu rw jpooxtxqrbm hqkfyhg sah o rsivifk tucfqvljry (Z7 6230: 21.5 chwtbee ffhsp). Mcxtfeoxpeb, TKNZ pakvlz xgkz me -0.8 aazvwgo wuzpo (U8 2803: 5.6 gbdwous rkgzf).

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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.