EQS-News: GRAMMER AG successfully completes planned refinancing in challenging market environment
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EQS-News: GRAMMER Aktiengesellschaft
/ Key word(s): Financing
GRAMMER AG successfully completes planned refinancing in challenging market environment Ursensollen, December 20, 2024 – GRAMMER AG has secured its long-term financing with two new syndicated loans totaling EUR 260 million. Despite a challenging industry environment, the company has also gained access to the Chinese financing market. The scheduled refinancing and extension of the credit facility will enable the implementation of the planned business strategy, improve the maturity profile and provide the company with attractive conditions. The new financing structure consists of a syndicated loan from five banks in China and a syndicated revolving working capital loan facility from five banks in Germany. Already in spring, syndicated loan tranche C, with the participation of KFW, was refinanced in the amount of EUR 230 million by a bilateral credit line of EUR 200 million with a term of three years coming from China. In addition, GRAMMER received subordinated loans from the majority shareholder Ningbo Jifeng totalling EUR 70 million. The maturities of the new financing structure are between 2.5 and 3 years. Jurate Keblyte, CFO of GRAMMER AG: “The new syndicated loans provide us with financing security for the coming years as we implement our business strategy. We would like to thank our current banks and our new lenders, as well as our main shareholder, for their confidence.” Company profile GRAMMER AG, based in Ursensollen, specializes in the development and production of components and systems for car interiors as well as suspended driver and passenger seats for on-road and off-road vehicles. In the Automotive product area, the company supplies headrests, armrests, center console systems, high-quality interior components and operating elements for well-known car manufacturers and system suppliers in the vehicle industry. The Commercial Vehicles product area comprises the business areas of truck and off-road seats (tractors, construction machinery and forklifts) as well as train and bus seating. GRAMMER operates in 19 countries with around 12,300 employees. GRAMMER’s shares are listed in the Prime Standard and traded on the Munich and Frankfurt stock exchanges and the Xetra electronic trading platform. Contact: GRAMMER Aktiengesellschaft Tanja Bücherl Phone: 0049 9621 66 2113 investor-relations@grammer.com
20.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| 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: | 2055949 |
| End of News | EQS News Service |
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2055949 20.12.2024 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 | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 1.861,29 | 2.038,51 | 1.710,71 | 1.903,01 | 2.158,79 | 2.304,89 | 2.180,00 | |
| EBITDA1,2 | 101,00 | 159,80 | 41,70 | 103,08 | 117,44 | 123,78 | 0,00 | |
| EBITDA-Margin3 | 5,43 | 7,84 | 2,44 | 5,42 | 5,44 | 5,37 | 0,00 | |
| EBIT1,4 | 48,74 | 74,54 | -46,13 | 18,86 | -44,98 | 42,01 | 45,00 | |
| EBIT-Margin5 | 2,62 | 3,66 | -2,70 | 0,99 | -2,08 | 1,82 | 2,06 | |
| Net Profit (Loss)1 | 23,21 | 43,48 | -64,71 | 0,65 | -78,56 | 3,41 | 5,70 | |
| Net-Margin6 | 1,25 | 2,13 | -3,78 | 0,03 | -3,64 | 0,15 | 0,26 | |
| Cashflow1,7 | 143,57 | 123,97 | 31,06 | 71,28 | 106,72 | 132,41 | 0,00 | |
| Earnings per share8 | 1,90 | 3,56 | -5,10 | 0,08 | -5,26 | 0,12 | 0,30 | |
| Dividend per share8 | 0,75 | 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 | 79,24 Mio € | 15.07.1996 | Kaufen | 8FXHCQ38+63 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 8,13 | 15,03 | 0,54 | 10,24 | 0,30 | 0,60 | 0,03 |
|
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 |
| -15,99% | -37,33% | -52,29% | -54,39% | -66,05% |
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