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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: Significant Increase in Revenue and Earnings in First Half of 2023

(PresseBox) (Ursensollen, )
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▪ GRAMMER Group revenue grows 13.3% to EUR 1,172.6 million
▪ APAC region posts highest increase in revenue (+38.8%); EMEA generates revenue growth of 10.9%
▪ Both divisions report double-digit revenue growth: Automotive +14.6% to EUR 751.7 million; Commercial Vehicles +11.1% to EUR 420.9 million
▪ Operating EBIT improves significantly to EUR 26.9 million after EUR –12.3 million in the previous year
▪ Further improvement in earnings anticipated in second half of year, particularly due to strong Q4; guidance confirmed subject to agreements with customers to pass on cost increases

The GRAMMER Group today presented its business figures for the first half of 2023.
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