Germany's Grammer prelim Q1 revenue down on China, Americas weakness

GRAMMER AG

13/04/2026 12:30

Overview

Germany automotive supplier's preliminary Q1 group revenue and operating EBIT declined yr/yr

Q1 operating EBIT margin was 4.0%, broadly in line with prior full-yr margin

Company confirms full-yr guidance but warns outlook depends on geopolitical developments

Outlook

Grammer confirms full-year 2026 guidance for group revenue of around EUR 1.9 bln

Company expects full-year 2026 operating EBIT at approximately EUR 80 mln

Company says outlook depends considerably on further geopolitical developments and global economy

Result Drivers

REGIONAL WEAKNESS - Decline in revenue and earnings in AMERICAS and APAC regions weighed on results

CHINA MARKET SHARE LOSS - High-margin automotive business in China saw weaker revenue and earnings as American and European OEMs lost share to local Chinese OEMs

PLATFORM PHASE-OUTS - Revenue decline in AMERICAS attributed to platform phase-outs and lower commercial vehicle volume

Company press release: ID:nEQ4HsWgka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBIT Margin
4.00%


Analyst Coverage

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago

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(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.)