Germany's Grammer Q3 EBIT falls on Iran conflict; cuts full-year forecast

GRAMMER AG

14/10/2026 09:04

Overview
Germany automotive supplier's preliminary Q3 revenue rose yr/yr, but EBIT declined
Company cites Iran conflict, tariffs, and Americas launch costs for EBIT decline
Company cut full-yr EBIT forecast but maintained revenue outlook

Outlook
Grammer cuts 2026 operating EBIT forecast to around EUR 70 mln from about EUR 80 mln
Grammer maintains 2026 revenue outlook at about EUR 1.9 bln
Company sees Iran conflict and U.S./Mexican tariffs weighing on performance

Result Drivers
GEOPOLITICAL AND TARIFF IMPACTS - Co attributed lower Q3 earnings to Iran conflict and U.S./Mexican special tariffs
AMERICAS LAUNCH COSTS - Higher-than-expected launching costs for new projects in Americas region reduced profitability
RESTRUCTURING EXPENSES - Plant restructuring expenses partially offset by provision reversals affected EBIT

Company press release: ID:nEQ8nRC41a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 473.40 mln
 
Q3 EBIT
 
EUR 11.40 mln
 

Analyst Coverage
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 3 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.)