DGAP-Adhoc : GRAMMER Aktiengesellschaft: Preliminary figures for the fourth quarter and the 2020 financial year

DGAP-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results 
GRAMMER Aktiengesellschaft: Preliminary figures for the fourth quarter and the 2020 financial year 
21-Jan-2021 / 09:52 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 
GRAMMER AG (WKN 589540, ISIN DE0005895403) 
Preliminary figures for the fourth quarter and the 2020 financial year 
Ursensollen, January 21, 2021 - On the basis of its preliminary figures, Grammer AG expects to report group revenue of 
around 1.711 million euros for the 2020 financial year, roughly 16 percent lower than in the previous year (2019: 
2,038.5 million euros). Group revenue for the fourth quarter should stand at around 514 million euros (2019: 488.9 
million euros). Revenue performance in the third and fourth quarter recovered significantly over the first half of the 
year, which was heavily impacted by the economic effects of the COVID-19 pandemic. 
Earnings before interest and taxes (EBIT) for the year as a whole were particularly impacted by exceptional effects 
primarily related to restructuring measures totaling around 20 million euros as well as one-time effects of roughly 48 
million euros and are expected to come to roughly minus 49 million euros, compared with 74.5 million euros in the 
previous year (EBIT Q4 2020: roughly minus 2 million euros vs. EBIT Q4 2019: 12.6 million euros). Adjusted for the 
exceptional effects, operating earnings before interest and taxes (operating EBIT) should reach around minus 15 million 
euros, falling short of the previous year's figure of 77.0 million euros (operating EBIT Q4 2020: around 9 million 
euros vs. operating EBIT Q4 2019: 17.8 million euros). 
Among other things, the restructuring measures entail the consolidation of sites in Europe and North America as well as 
job cuts in indirect areas, primarily in Germany. 
The main one-time effects include optimization of storage areas and the related impairments on inventories. In 
addition, provisions have been set aside to cover possible warranty claims as well as impairments of existing project 
assets. 
Grammer AG will be publishing its full Annual Financial Statements and its Annual Report for 2020 on March 31, 2021. 
Grammer AG 
The Executive Board 
Contact: 
GRAMMER Aktiengesellschaft 
Tanja Bücherl 
Phone: [phone] 
[e-mail] 
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21-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      GRAMMER Aktiengesellschaft 
              Grammer-Allee 2 
              92289 Ursensollen 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.grammer.com 
ISIN:         DE0005895403, DE0005895403 
WKN:          589540, 589540 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange 
EQS News ID:  1162146 
 
End of Announcement  DGAP News Service 
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1162146 21-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 21, 2021 03:53 ET (08:53 GMT)