EQS-Adhoc: GRAMMER Aktiengesellschaft: Year-on-year change in earnings performance in first quarter of 2024
Source: EQS
EQS-Ad-hoc: Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 Ursensollen, Operating earnings in the first three months of 2024 were mainly impacted by revenue decline, higher costs in connection with volatile capacity utilization at plants, ramp-up costs at the new commercial vehicle plant in the US and currency losses. Moreover, revenue in the EMEA and APAC regions was lower than expected in the first quarter of 2024. This was due to weaker demand from manufacturers in response to the significant and continuing macroeconomic and industry-specific uncertainties. The Executive Board is maintaining its full-year guidance as published in the 2023 Annual Report (Group revenue of around The interim management statement for the first quarter of 2024 will be published on The Executive Board
Contact: Tanja Bücherl Phone: 0049 9621 66 2113 investor-relations@grammer.com End of Inside Information
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Language: | English |
Company: | |
Grammer-Allee 2 | |
92289 Ursensollen | |
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 |
EQS News ID: | 1876511 |
End of Announcement |
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1876511 09-Apr-