As a result of the coronavirus outbreak, customers in China were forced to stop production for several weeks from the end of January on. Due to these factors, Grammer AG is now predicting a significant decrease in revenues for the first quarter compared to the previous year. Based on the preliminary figures for the months of January and February 2020, Grammer assumes earnings before interest and taxes (EBIT) and operating EBIT for the first quarter to be very significantly lower than in the same period of the last year. From today's perspective, it is difficult to predict the full extent of the negative effects of the coronavirus outbreak on global supply chains as well as markets and whether automobile and commercial vehicle demand will stabilize in the second half of the year. For this reason, Grammer is forecasting a decline in sales and earnings for the full year of 2020.