Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Grammer AG    GMM   DE0005895403

GRAMMER AG (GMM)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Grammer : to fall well short of order targets after shareholder row

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/13/2017 | 03:41pm CEST

(Reuters) - German automotive interiors maker Grammer AG said it expects orders at its automotive business to fall well short of its annual target as a recent power struggle with its top shareholder discouraged car manufacturers from placing orders.

The company, which supplies headrests, consoles and other interior components for cars, also said it lost a "substantial" global follow-up order. Automotive business made up for about three quarters of its total revenue in 2016.

The fresh warning follows one in April, when it said the influence of Bosnia's Hastor family, which holds a 20 percent stake, had led to a decline in automotive orders.

The lost orders would have represented about 80 million euros (71.36 million pounds)in annual turnover from the year 2019/2020 onwards, Grammer said in a statement on Friday.

It said it saw reticence from some "premium manufacturers" on placing new orders, but did not give any names.

Shares in the company fell 15 percent to 47.63 euros as of 1314 GMT.

(Reporting by Sylwia Lasek and Anna Serafin in Gdynia; Editing by Maria Sheahan)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GRAMMER AG
08/09GRAMMER : Successful tender offer to the shareholders of GRAMMER AG
EQ
08/08Hastor tenders Grammer stake to Ningbo Jifeng, ending power struggle
RE
08/07GRAMMER AG : Further increase in revenue and earnings in the first half of 2018
EQ
08/01GRAMMER : planning new joint technology center in India
EQ
07/18JIYE AUTO PARTS GMBH LOWERS THE MINI : 00 hours
EQ
07/06GRAMMER : Reasoned statement by the Executive Board and Supervisory Board of Gra..
EQ
06/27GRAMMER : launching the innovative generation of retrofit truck seats at Truck G..
EQ
06/22GRAMMER : Patent Issued for Vehicle with Force-Controlled Shock Absorber (2-Pipe..
AQ
06/22GRAMMER : Patent Issued for Headrest and Mount Therefor (USPTO 9994133)
AQ
06/18GRAMMER AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
More news
Financials (€)
Sales 2018 1 860 M
EBIT 2018 88,0 M
Net income 2018 53,0 M
Debt 2018 186 M
Yield 2018 2,39%
P/E ratio 2018 13,57
P/E ratio 2019 11,76
EV / Sales 2018 0,51x
EV / Sales 2019 0,46x
Capitalization 755 M
Chart GRAMMER AG
Duration : Period :
Grammer AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GRAMMER AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 62,1 €
Spread / Average Target 3,6%
EPS Revisions
Managers
NameTitle
Hartmut A. Müller Chief Executive Officer & Labor Director
Klaus Probst Chairman-Supervisory Board
Manfred Pretscher Chief Operating Officer
Gérard Cordonnier Chief Financial Officer
Wolfram Hatz Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
GRAMMER AG15.72%859
GENTEX CORPORATION12.89%6 346
AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%3 922
THULE GROUP AB10.98%2 318
CHANGZHOU XINGYU AUTOMOTIVE5.27%2 190
NINGBO TUOPU GROUP CO LTD-29.43%1 906