DGAP-News

Grammer AG: Grammer starting 2017 with a substantial increase in revenue and higher profitability - Seite 3

Favorable operating outlook for 2017 confirmed

At this stage, it is not possible for the Company to assess possible consequences arising from recent changes in the shareholder structure and potential changes in Grammer AG's control and management bodies conclusively. Accordingly, these are not factored into the current outlook for 2017.

Against this backdrop, the Company expects full-year Group revenue to rise substantially by around five percent over the previous year in 2017. The Group operating EBIT margin should also be widening substantially to around five percent. This places the Grammer Group firmly in its target corridor for 2017 with a further sustained increase in revenue to over EUR 2.2 billion and an EBIT margin of around seven percent in 2021.

Grammer AG will be publishing its interim report for the first quarter of 2017 on May 15, 2017.

Grammer AG Annual General Meeting on May 24, 2017

Grammer AG's Annual General Meeting will be taking place on May 24, 2017 at the Amberg Congress Center. The Supervisory Board and the Executive Board of Grammer AG urge all shareholders to take part in the Annual General Meeting and ask them for their continued support for the successful course of the last few years by rejecting the motions announced by the two entities controlled by the Hastor family, Halog and Cascade.

Further information on the Annual General Meeting can be found on the Company's website at:
https://www.grammer.com/investor-relations/hauptversammlung/2017.html

Company profile

Located in Amberg, Germany, Grammer AG specializes in the development and production of components and systems for automotive interiors as well as suspension driver and passenger seats for onroad and offroad vehicles. In the Automotive Division, we supply headrests, armrests, center console systems and high-quality interior components and operating systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises seats for the truck and offroad seat segments (tractors, construction machinery, forklifts) as well as train and bus seats. With over 12,000 employees, Grammer operates in 19 countries around the world. Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra.