Brief: Grammer FY Operating EBIT Swings To Profit Of EUR 22.8 Mln

GRAMMER AG

30/03/2022 08:03

March 30 (Reuters) - GRAMMER AG  GMMG.DE :
    * CLOSES FINANCIAL YEAR 2021 WITH SIGNIFICANTLY HIGHER
REVENUE AND
EARNINGS
    * GUIDANCE FOR 2022: REVENUE OF APPROXIMATELY EUR 2.0
BILLION AND
OPERATING EBIT BETWEEN EUR 35 MILLION AND EUR 40 MILLION
    * MEDIUM-TERM GUIDANCE FOR 2025 ANNOUNCED AT END OF APRIL
    * FY OPERATING EBIT IMPROVED FROM EUR -11.7 MILLION TO EUR
22.8
MILLION
    * FY 11.2% INCREASE IN GRAMMER GROUP REVENUE TO ABOUT EUR
1.9
BILLION, DRIVEN CHIEFLY BY COMMERCIAL VEHICLES DIVISION (UP
31.0%)
    * FY NET PROFIT PICKED UP FROM EUR -64.7 MILLION IN 2020 TO
EUR
0.6 MILLION IN REPORTING PERIOD

Source text for Eikon:  ID:nEQ1zyY1Da 
Further company coverage:  GMMG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))