Brief: Grammer H1 EBIT Rose 19.8% To EUR 50.2 Mln

GRAMMER AG

13/08/2019 06:05

Aug 13 (Reuters) - Grammer AG  GMMG.DE :
    * DGAP-NEWS: GRAMMER AG ASSERTING ITSELF IN A CHALLENGING AUTOMOTIVE ENVIRONMENT:
SUBSTANTIAL
GROWTH IN GROUP REVENUE AND EBIT
    * HALF YEAR NET PROFIT ROSE 9.5 PERCENT TO 27.6 MILLION EUR
    * HALF YEAR EBIT ROSE 19.8 PERCENT TO 50.2 MILLION EUR
    * STRONG RISE OF 13.4 PERCENT IN REVENUE TO OVER EUR 1.0 BILLION IN FIRST HALF OF 2019
    * EXPECTS MACROECONOMIC CONDITIONS TO REMAIN VERY CHALLENGING IN 2019 AS A WHOLE
    * GROUP REVENUE IS EXPECTED TO REACH AROUND EUR 2.1 BILLION IN 2019
    * H1 GROUP NET PROFIT INCREASED BY 9.5 PERCENT OVER PREVIOUS YEAR TO EUR 27.6 MILLION (2018:
EUR
25.2 MILLION)
    * ABSOLUTE EBIT ARE EXPECTED FOR 2019 WHICH WILL BE CLEARLY HIGHER THAN IN 2018 (EUR 48.7
MILLION)

Source text for Eikon:  ID:nEQ9nCL6ka 
Further company coverage:  GMMG.DE 

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