GRAMMER AG: Q4 2023 Earnings Plunge, Full-Year Forecast Withdrawn

• GRAMMER AG's earnings performance in Q4 2023 is significantly below the previous year's level
• The full-year forecast for operating EBIT is not achievable from the current perspective
• Despite this, GRAMMER AG expects operating EBIT to be significantly above the previous year's level
• The forecast for Group revenue of around EUR 2.2 billion is likely to be achieved
• The Operating EBIT in Q4 2023 is burdened by higher costs due to volatile plant capacity utilization, currency losses, and a sharp rise in personnel costs
• As negotiations with customers on compensation to offset inflation-related cost increases are still pending, no new forecast for the full year 2023 can be provided at this time.

Grammer

+1,87 %

+6,86 %

+9,55 %

+3,81 %

-36,63 %

-56,75 %

-71,21 %

-71,77 %

-16,40 %

ISIN:DE0005895403WKN:589540

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