Grammer : Interim Management Statement as of March 31, 2022

EBIT

-1.2

EUR m

Capital expenditure

14.3

EUR m

Company profile

GRAMMER AG, which has its head office in Ursensollen, operates in two business segments: GRAMMER devel-ops and produces high-quality interior and operating systems and innovative thermoplastic components for the global automotive industry. GRAMMER is a full service provider of driver and passenger seats for trucks, buses, trains and offroad vehicles. At present, GRAMMER AG has about 14,000 employees in 19 countries around the world. Its revenue in 2021 was about EUR 1.9 billion. GRAMMER shares are listed in the Prime Standard and traded on the Munich and Frankfurt stock exchanges via the Xetra electronic trading platform.

Umsatz nach Regionen

Employees by region 1 in Mio. EUR

Annual average

Umsatz nach Regionen

Revenue by region 2 in Mio. EUR

EUR m

Revenue by quarter EUR m

Q1

Q2

Q3

Q4

2021

2022

Operating EBIT by region AMERICAS

-16.9

EUR m

EMEA

12.2

APAC

6.6

EUR m

EUR m

Dashboard

Overview of business performance

• • The downturn in business performance in the second half of 2021 continued in the first quarter of 2022

  • • APAC recorded revenue of EUR 89.1 million in the first quarter of 2022, down 13.7% on the same period of the previous year (Q1 2021: EUR 103.2 million)

• • Revenue and earnings development in the first quarter were impacted by rising material, logistics, energy and personnel costs, renewed COVID-19 lockdowns affecting the Chinese market, and sustained bottlenecks in the procurement markets

• • GRAMMER Group revenue increased slightly by 2.2% to EUR 515.0 million in the first quarter of 2022 (Q1 2021: EUR 503.7 million); While the Automotive Division recorded a downturn of 3.6%, revenue in the Commercial Vehicles Division increased by 13.9%; At EUR 500.7 million, FX-adjusted revenue was 0.6% below previous year's figure

• • Compared to the first quarter of 2021 AMERICAS reported double-digit revenue growth of 17.5% to EUR 154 million in the first quarter of 2022 (Q1 2021:

  EUR 131.2 million)

• • Revenue of EUR 289.7 million was recorded in the EMEA region in the first quarter of 2022, a slight decrease of 0.7% compared to the previous year (Q1 2021:

  EUR 291.7 million)

• • Across the three regions, revenue in the Automotive Division decreased by 3.6% from EUR 336.2 million in Q1 2021 to EUR 324.2 million in the reporting period, mainly due to revenue declines in the EMEA and APAC regions; in con-trast, revenue in the Commercial Vehicles Division increased by 13.9% year-on-year to EUR 190.8 million in Q1 2022 (Q1 2021: EUR 167.5 million)

• • GRAMMER Group EBIT declined to EUR -1.2 million in the period from January to March 2022 and was therefore significantly below previous year's value (Q1 2021: EUR 22.6 million)

• • Operating EBIT amounted to EUR -2.5 million in the first quarter of 2022 (Q1 2021: EUR 21.0 million), resulting in an operating EBIT margin of -0.5% (Q1 2021: 4.2%)

• • Outlook for 2022 confirmed: GRAMMER Group forecasts full-year revenue of around EUR 2.0 billion (2021: EUR 1.9 billion) and operating EBIT of around EUR 35 to 40 mil-lion (2021: EUR 22.8 million); depending on their duration and how they progress, however, the risks arising from the war in Ukraine and the protracted coronavi-rus lockdowns in China could have a more pronounced impact on GRAMMER Group revenue and earnings and adversely affect the forecast

Overview of business performance

Dashboard

Overview of business performance

2 3

A | Interim Management Statement January to March 2022 5

1.

Economic conditions 6

2. GRAMMER Group key figures 8

3. Business performance in the first quarter of 2022 9

4. GRAMMER Group results of operations 9

5. Performance by region 11

6. Net assets and financial position 13

7. Capital expenditure 13

8. Cash flow 14

9. Employees 14

10. Opportunities and risks 15

11. Outlook 15

12. Forward-looking statements 15

B | Financial information January to March 2022 16

Consolidated Statement of Income 17

Consolidated Statement of Comprehensive Income 18

Consolidated Statement of Financial Position 19

Consolidated Statement of Cash Flows 21

Financial Calender 2022 / Contact / Masthead 23