Germany's automotive supplier Grammer Q2 operating EBIT doubles
Germany's automotive supplier Grammer Q2 operating EBIT doubles
Overview
Germany automotive supplier's preliminary Q2 revenue rose yr/yr, operating EBIT doubled
Results driven by TOP 10 Program in EMEA region
Company maintains full-year revenue and EBIT forecast
Outlook
Grammer maintains 2026 full-year revenue forecast at around EUR 1.9 bln
Company continues to expect 2026 operating EBIT of around EUR 80 mln
Result Drivers
TOP 10 PROGRAM - Co said improved Q2 operating results were primarily due to implementation of the TOP 10 Program in the EMEA region
Company press release: ID:nEQ7GDYSMa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EBIT |
| EUR 41.70 mln |
|
Analyst Coverage
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Germany's automotive supplier Grammer Q2 operating EBIT doubles