EQS-Adhoc: GRAMMER AG: Divergence of earnings performance in the third quarter of 2024 from the previous year and adjustment of revenue forecast for the full year 2024
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EQS-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Quarter Results/Change in Forecast Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403)
GRAMMER AG: Divergence of earnings performance in the third quarter of 2024 from the previous year and adjustment of revenue forecast for the full year 2024 Ursensollen, November 14, 2024 – According to figures, GRAMMER Group recorded earnings in the third quarter of 2024 below the previous year's level. Operating EBIT of approximately EUR 8.4 million in the third quarter of 2024 is below the previous year (Q3 2023: EUR 13.0 million). Operating EBIT was adjusted for negative currency effects of approximately EUR 4.8 million and restructuring expenses of EUR 31.1 million, refinancing costs of EUR 0.7 million and deconsolidation expenses of EUR 7.0 million. Group revenue for the months July to September 2024 was also below the previous year's level at EUR 472.9 million (Q3 2023: EUR 494.2 million). The financial figures for the third quarter of 2024 and those of the previous year were adjusted for the discontinued operation of the TMD Group. The operating EBIT in the third quarter of 2024 was impacted by the decline in revenue and higher costs due to volatile plant utilization. In particular, revenues in EMEA and APAC were significantly lower than expected in the third quarter of 2024. This is due to continued weak demand from OEMs as a result of widespread macroeconomic and industry-specific uncertainty. In light of the business performance to date and the successful sale of TMD Group, GRAMMER is maintaining its full-year operating EBIT forecast of around EUR 56.8 million, which was adjusted in August. The originally forecast revenue of EUR 2.3 billion will not be achieved due to significantly weaker demand and the sale of the TMD Group. Revenues of around EUR 2 billion are now expected for 2024. The Executive Board
Contact: GRAMMER Aktiengesellschaft Tanja Bücherl Phone: 0049 9621 66 2113 investor-relations@grammer.com End of Inside Information
14-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | GRAMMER Aktiengesellschaft |
| Grammer-Allee 2 | |
| 92289 Ursensollen | |
| Germany | |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-31000 |
| E-mail: | investor-relations@grammer.com |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2029647 |
| End of Announcement | EQS News Service |
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2029647 14-Nov-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
| Sales1 | 2.038,51 | 1.710,71 | 1.903,01 | 2.158,79 | 2.304,89 | 2.180,00 | 0,00 | |
| EBITDA1,2 | 159,80 | 41,70 | 103,08 | 117,44 | 123,78 | 0,00 | 0,00 | |
| EBITDA-Margin3 | 7,84 | 2,44 | 5,42 | 5,44 | 5,37 | 0,00 | 0,00 | |
| EBIT1,4 | 74,54 | -46,13 | 18,86 | -44,98 | 42,01 | 45,00 | 0,00 | |
| EBIT-Margin5 | 3,66 | -2,70 | 0,99 | -2,08 | 1,82 | 2,06 | 0,00 | |
| Net Profit (Loss)1 | 43,48 | -64,71 | 0,65 | -78,56 | 3,41 | 5,70 | 0,00 | |
| Net-Margin6 | 2,13 | -3,78 | 0,03 | -3,64 | 0,15 | 0,26 | 0,00 | |
| Cashflow1,7 | 123,97 | 31,06 | 71,28 | 106,72 | 132,41 | 0,00 | 0,00 | |
| Earnings per share8 | 3,56 | -5,10 | 0,08 | -5,26 | 0,12 | 0,30 | 0,64 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Ernst & Young
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Grammer | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 589540 | DE0005895403 | AG | 82,29 Mio € | 15.07.1996 | Kaufen | 8FXHCQ38+63 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 6,28 | 13,65 | 0,46 | 10,63 | 0,31 | 0,62 | 0,04 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 22.05.2025 | 29.04.2025 | 14.08.2025 | 29.10.2024 | 28.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -8,15% | -33,41% | +12,50% | -51,35% | -64,74% |
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