DGAP-News: Grammer AG once more hits revenue record
(firmenpresse) - DGAP-News: Grammer AG / Key word(s): Preliminary Results
Grammer AG once more hits revenue record
19.02.2013 / 06:53
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Grammer AG once more hits revenue record
Revenue improves by more than 4 percent to EUR 1.140 bn. despite weaker
market
2012 operating profit at about EUR 47 million slighty higher than
expectations
Company again plans to pay a dividend
Amberg, February 19, 2013 - Grammer Group grew despite difficult car and
truck markets in fiscal year 2012 to once more beat the prior year's
revenue record. In all, preliminary figures for the global automotive
supplier and leading manufacturer of seating systems for commercial
vehicles show group revenue at EUR 1.140 billion - an increase of more than
four percent from record year 2011 (2011: 1.093).
Despite planned one-time startup costs for new products and the
unexpectedly drastic slowdown of Brazil's commercial vehicle market in
2012, Grammer was able to achieve an good operating result and ended up in
exceeding expectations slightly. The preliminary figure for earnings before
interest and taxes (EBIT) at about EUR 47 million was just slightly lower
than last year (2011: 49.4).
In the fourth quarter, according to the preliminary numbers, Grammer
generated group revenues of EUR 281 million, matching the high levels seen
in the preceding quarters (Q4 2011: 283.1). Operating profit of roughly EUR
13 million in the fourth quarter was the highest in any quarter of 2012 (Q4
2011: 13.4).
Market position continues to improve
'Our new, innovative products allowed us to continue improving our market
position in a difficult environment. Overall, we are very satisfied with
the performance of the company in fiscal year 2012. Thanks to our broad
international footing, we were able to compensate for the sometimes drastic
slowdowns in our core markets and achieve further growth,' says Hartmut
Müller, CEO of Grammer AG.
Revenue in the Automotive division totaled EUR 710 million in 2012 - an
increase of nearly 5 percent over record year 2011 (2011: 680.3). Revenue
in the Seating Systems division improved by more than two percent compared
to prior year to EUR 448 million (2011: 438.4).
The focus on the premium segment, good international positioning and
investments in new products allowed Grammer to grow its Automotive business
in opposition to the general market trend. Grammer's Seating Systems
division saw revenues increase based on a global market position and the
successful launch of the new truck seat generation. This was accomplished
despite the overall market deterioration, in particular the significant
slowdown in one of Grammer's most important markets, the Brazilian truck
market.
Dividend planned
Based on the positive earnings, Grammer intends to once more ensure that
its shareholders participate in the success of the business by paying a
dividend again in 2012. The Executive and Supervisory Boards of Grammer AG
will decide on the amount of the dividend proposal in March.
Outlook 2013
For the early part of this year no broad recovery of the economy can be
expected. However, Grammer foresees a stable development overall in the
company's core markets. Accordingly, due to its international presence and
new products Grammer has good chances in 2013 for further growth and
improved market positioning in core markets. The complete Grammer AG 2012
Annual Financial Statementswill be published on March 27, 2013.
Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating. In the Automotive division, we supply headrests, armrests and
center console systems to premium automakers and automotive system
suppliers.
Grammer is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 24 fully consolidated subsidiaries.
Grammer shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations(at)grammer.com
End of Corporate News
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations(at)grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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201730 19.02.2013
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Datum: 19.02.2013 - 06:53 Uhr
Sprache: Deutsch
News-ID 230482
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