Brief: Grammer 9-Month Group EBIT At EUR 61.9 Mln

GRAMMER AG

12/11/2019 06:19

Nov 12 (Reuters) - GRAMMER AG  GMMG.DE :
    * 9-MONTH GROUP EBIT CAME TO EUR 61.9 MILLION IN PERIOD
UNDER
REVIEW, UP EUR 34.0 MILLION ON PREVIOUS YEAR'S FIGURE OF EUR
27.9 MILLION
    * 9-MONTH NET PROFIT THUS AMOUNTED TO EUR 28.4 MILLION,
COMPARED
WITH EUR 14.9 MILLION IN SAME PERIOD OF 2018
    * 9-MONTH GROUP REVENUE UP 14%, RISING TO EUR 1.5 BILLION
    * OUTLOOK FOR GRAMMER GROUP IN 2019 IS MIXED, ALTHOUGH
COMPANY IS
IN GENERAL CAUTIOUSLY OPTIMISTIC
    * OUTLOOK 2019: FORECAST FOR CURRENT YEAR HAS BEEN ONLY
SLIGHTLY
ADJUSTED
    * EXPECTS TO BE ABLE TO REPORT 2019 EBIT WELL IN EXCESS OF
2018
FIGURE OF EUR 48.7 MILLION IN ABSOLUTE TERMS
    * OPERATING EBIT MARGIN (ADJUSTED FOR EXCEPTIONAL EXPENSES
AND
CURRENCY-TRANSLATION EFFECTS) WILL REMAIN AT CURRENT LEVEL OF
3.8 PERCENT IN 2019 AS A WHOLE
    * GROUP REVENUE OF AROUND EUR 2.0 BILLION (PREVIOUSLY AROUND
EUR
2.1 BILLION) IS PROJECTED FOR FISCAL YEAR 2019

Source text for Eikon:  ID:nEQ9gBtm8a 
Further company coverage:  GMMG.DE 

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