Germany's Grammer Q1 revenue falls on currency effects

GRAMMER AG

29/04/2026 08:10

Overview

Germany automotive seating maker's Q1 revenue fell 5.2% yr/yr, mainly on currency effects

Q1 EBIT rose 21.4% yr/yr as margin improved to 5.0% from 3.9%

Company maintains FY 2026 outlook and extends CEO's contract

Outlook

Grammer maintains FY 2026 revenue outlook of around EUR 1.9 bln

Company expects FY 2026 operating EBIT of approximately EUR 80 mln

Company says outlook depends considerably on geopolitical developments and global economic effects

Result Drivers

CURRENCY EFFECTS - Revenue decline and EBIT improvement were significantly influenced by positive currency effects in Q1 2026

AUTOMOTIVE WEAKNESS - Revenue in the Automotive segment fell 9.3% yr/yr, mainly due to an unfavorable customer and product mix in China and platform phase-outs in the Americas

COMMERCIAL VEHICLES GROWTH - Revenue in the Commercial Vehicles segment rose 2.1% yr/yr, driven by stronger demand in agriculture, construction equipment, and truck business

Company press release: ID:nEQ3HkTS5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 462 mln
Q1 EBIT
EUR 23.30 mln


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.)