Grammer Stocks: Q1 2024 Earnings Performance Shows Year-on-Year Change

• GRAMMER AG's earnings performance in the first quarter of 2024 was lower than the previous year - Earnings before interest and taxes (EBIT) declined to around EUR 3.9 million - Operating EBIT amounted to around EUR 2.4 million, adjusted for positive currency effects of around EUR 1.5 million - Group revenue for the period fell by EUR 32.5 million compared to the previous year - Operating earnings were impacted by revenue decline, higher costs, ramp-up costs at a new plant, and currency losses - The Executive Board is maintaining its full-year guidance as published in the 2023 Annual Report, with Group revenue of around EUR 2.3 billion and operating EBIT of around EUR 75 million

The next important date, Press release for the quarterly report (as of Q1), at Grammer is on 29.04.2024.

The price of Grammer at the time of the news was 9,1000EUR and was down -8,31 % compared with the previous day.

Grammer

+0,46 %

+6,80 %

+7,58 %

+2,33 %

-35,67 %

-57,03 %

-70,83 %

-71,56 %

-15,63 %

ISIN:DE0005895403WKN:589540

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