Brief: Grammer 9-month Net Profit Down At EUR 14.9 Million

GRAMMER AG

13/11/2018 06:07

Nov 13 (Reuters) - Grammer AG  GMMG.DE :
    * FURTHER INCREASE IN REVENUE BUT EXCEPTIONAL EFFECTS AND
WEAKER
PASSENGER VEHICLE SALES EXERTED PRESSURE ON GROUP EARNINGS IN
THE THIRD QUARTER
    * Q3 REVENUE ROSE 1.5 PERCENT TO 1.36 BILLION EUR
    * FULL-YEAR GUIDANCE FOR 2018 ADJUSTED
    * 9-MONTH EBIT CAME TO AROUND EUR 27.9 MILLION FALLING SHORT
OF
PREVIOUS YEAR'S FIGURE OF EUR 45.8 MILLION
    * 9-MONTH NET PROFIT CAME TO EUR 14.9 MILLION, FALLING
SUBSTANTIALLY SHORT OF PREVIOUS YEAR (2017: 25.7)
    * FULL-YEAR GROUP REVENUE SHOULD REACH AROUND EUR 1.85
BILLION IN
2018
    * REVENUE SHOULD REACH AROUND EUR 1.85 BILLION IN 2018
    * BOARD NOW EXPECTS FY EBIT OF ABOUT EUR 50 MILLION AND
OPERATING
EBIT SLIGHTLY BELOW PREVIOUS YEAR
    * LOOKING AHEAD TO 2019, GRAMMER PROJECTS RENEWED GROWTH IN
REVENUE AND EARNINGS

Source text for Eikon:  ID:nEQyDwH4a 
Further company coverage:  GMMG.DE 

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